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CFA Institute opens office in Beijing, holds excellence award ceremony in Hong Kong
CFA Institute, the global association of investment professionals that sets the highest standards for education, ethics, and professionalism in a global investment industry, has opened its first office in mainland China, Finbuzz reports.
Though the world’s second-largest economy has entered a “new normal” and is no longer a factory of economic growth, China requires world-class financial talents and a mature financial market. With the ongoing internationalization of China’s financial market, the 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.
The CFA Institute Beijing office was formally opened with a ceremony near the office in Oriental Plaza. Speeches were given by members of the CFA Institute global and Chinese leadership teams, financial regulators, and partners.
“China is a key growth market for the CFA Institute, driven by the increasing need for talent in the growing financial and asset management industry,” the CFA Institute said in a press statement.
Today there are more than 3,000 CFA charter holders in China. Last year alone, there were more than 36,000 CFA exam candidates in China, ranking first in the Asia-Pacific region and second after the United States globally in terms of the number of people taking the exam.
“This important milestone in the history of CFA Institute underscores our commitment to China and to the global investment profession,” said Paul Smith, CFA, president and CEO of CFA Institute.
A few days earlier the CFA Institute Russia was honored with the 2015 Excellence Award at the Shangri-La Kowloon hotel in Hong Kong. The award recognizes the work and dedication shown by CFA societies and volunteers in several categories. A total of 12 organizations around the world received recognition for their exceptional performance and outstanding innovation. Globally, there are 146 societies in 71 countries. Each society plays a significant role in supporting the CFA Institute mission on a local level by organizing member education, networking opportunities and by building partnerships with universities and companies.
About the CFA Institute
The CFA charter is one of the most respected professional qualifications in the global investment industry. CFA Institute creates a strong global investment community which raising standards of professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute is present across the Americas, Europe, the Middle East, Africa, and Asia Pacific. Its global operations center is in Charlottesville, Virginia, and it has additional offices in New York City, London, Brussels, Hong Kong, Beijing, and Mumbai.
This story (with pictures) originally appeared in FinBuzz.
Photo: Ade Russell