Securities Association of China (SAC) offers the PRC Securities Regulations Examination

Local practitioners in the securities industry are now offered a fast track to obtain the required industry qualification to practise in the Mainland financial market.  Following the introduction of the Closer Economic Partnership Arrangement (CEPA), Hong Kong professionals (defined as Hong Kong permanent residents holding or having held within the past three years a licence issued by the Securities and Futures Commission of Hong Kong (SFC)) can now complete certain specified examination(s) on the laws and regulations of Mainland China, in order to be eligible to apply for the corresponding industry qualification from the Securities Association of China (SAC), subject to any other requirements of Mainland China.  This group of professionals will be exempted from taking any technical examinations. Upon satisfying all other requirements of Mainland China, they will also be able to apply for the corresponding practising qualification of Mainland China.

In light of the above agreement, the SAC has specially developed the PRC Securities Regulations Examination (the examination) for Hong Kong professionals. The Hong Kong Securities Institute (HKSI) has been assigned by the SAC as the sole agent for handling the enrolment of Hong Kong professionals for the examination.

The first examination will be held in Shenzhen, from 2:30pm to 4:30pm on Saturday, 20 March 2004.  Current SFC licence holders or ex-licence holders within three years before the date of examination (i.e. during the period from 21 March 2001 to 20 March 2004) who are permanent residents of Hong Kong will be eligible to enrol for the examination.  Enrolments will be accepted from Tuesday, 20 January 2004 until Saturday, 14 February 2004 (inclusive).  Details of the examination, together with the relevant enrolment forms, are available from HKSI¡¦s office and website (www.hksi.org).

The HKSI will organise an examination preparatory course which will take place on Saturday, 6 March and Sunday, 7 March, 2004.  The course is jointly offered by the HKSI and the Growth Enterprises Training Centre (GETC) of the Shenzhen Stock Exchange (SSE).  It will be conducted in Putonghua in HKSI¡¦s training centre in the Sheung Wan Wing On Centre in Hong Kong.  The course will cover the examination syllabus and principles, and aims to help participants to be properly equipped with the required knowledge on the securities related laws and regulations of Mainland China and assist their preparation for the examination.  The course may also be attended by any interested members of the public and other Hong Kong practitioners. Experienced professionals from the Mainland will be invited to conduct the course.  Enrolments will be accepted by the HKSI from Tuesday, 20 January 2004.

For enquiries, please contact:

Ms Tricia Klinger, Director ¡V Corporate Communications on 3120 6158 or

Ms Daisy Lo, Manager - Corporate Communications on 3120 6159

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