As part of a continuous career development
programme, the Institute organised a two day
seminar where distinguished speakers connected to
China's securities industry explained the finer details
of Mainland rules and regulations to an assembled
audience. Hong Kong Securities meets one member
who attended the seminar
Mr Sunny Wong Chung Mun is the Managing Director of the Retail
Broker age Department at BOCI Securities Limited and fully
understands the advantages that await Hong Kong professionals
under the Closer Economic Partnership Arrangement (CEPA).
Under CEPA 18 service industries in Hong Kong were granted
early access to the Mainland market. But local professional
groups have to reach agreements with the Mainland on mutual
recognition of their qualifications before they will be
allowed to transact business across the border.
Under the terms agreed between the
Hong Kong and Mainland authorities, permanent residents
holding or having held within the last three years a relevant
licence issued by the Securities and Futures Commission of
Hong Kong can apply to sit for the PRC Securities Regulations
Examination specially designed for Hong Kong professionals.
After passing the examination, local
professionals can apply for the requisite industry
qualification to practice within Mainland China's securities
industry. An opportunity that is sure to add considerable
value to anyone's career path.
As part of an on-going effort to
support its members in all aspects of their personal and
professional development, the HKSI arranged a two-day seminar
for those interested in learning more about China's securities
regime.
The two-day event featured
well-versed professional speakers from the Mainland's
securities industry. Invited to speak were representatives
from the China Securities Regulatory Commission, the Shenzhen
Stock Exchange and China University of Political Science and
Law.
The programme included examination
techniques and featured a mock-exam, something Mr Wong found
extremely useful.
"For the rules and regulations part,
because they are very different from those in Hong Kong, the
experts were able to point out the differences between the two
sets of rules," he said.
As part of BOC International, Mr
Wong's company already has more than 20 securities operations
in China.
One might then wonder why he decided
to sit for the examination, considering his company probably
has more than enough qualified individuals able to trade in
Mainland securities.
"The examination was a very positive
step for me and [professionally] there is a lot of added
value," he explained, before adding: "And because of CEPA, if
you want to go to China and get a job or you want to trade
A-shares, then you all need to get the qualification."
Mr Wong stressed the need for
adequate preparation ahead of the examination. The seminars
organised by the HKSI may provide excellent hands-on
experience, but this should be complemented with some
individual study.
He claims to have: "Studied every
night for two weeks."
"Some questions were quite logical,
but some are quite difficult, he explained. The qualification
will absolutely add value and it is absolutely necessary to
attend the training seminars," Mr Wong said.
To capitalise on the opportunities
offered by the China market, the HKSI will seek to provide
speakers who can provide a real insight into China's market,
thus giving members every opportunity to enhance their
knowledge of the Mainland regulatory regime.
|
