CFA Institute, the global association of investment professionals that sets standards for education, ethics, and professionalism, has opened its first office in China.
CFA Institute in a press statement said: "The establishment of a presence in China demonstrates strong support for China’s growing number of CFA Institute members and CFA Program candidates and allows for renewed focus on efforts to actively strengthen investor confidence and market integrity and contribute to the sustainable development of China’s financial industry."
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CFA Institute added that China is a key growth market for it, driven by the increasing need for talent in the growing financial and asset management industry.
Currently, China has more than 3,000 CFA charterholders. In 2014, there were more than 36,000 CFA exam candidates in China.
CFA Institute China country head LJ Jia said: "With the ongoing internationalization of China’s financial market, CFA Institute will continue to collaborate closely with Chinese financial authorities and industry professionals to promote the CFA Institute ‘gold standard’ and put it into practice in the course of China’s economic transformation as well as financial innovation."
CFA Institute president and CEO Paul Smith said: "This important milestone in the history of CFA Institute underscores our commitment to China and to the global investment profession.
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By GlobalData"With this nearly 60-year journey of CFA Institute, the establishment of the Beijing office is a new start for us in China, which demonstrates our focus on broadening our global footprint and strengthening our position as a leading steward of the global financial markets.
"Through our portfolio of educational programs — the CFA Program, CIPM Program, and Claritas Investment Certificate — we hope to grow more and more world-class financial talents from China, who would be essential forces to facilitate the continued development of China’s financial market and financial reform."
