The securities exam is the one that fears the fragmentation of knowledge, the proliferation of concepts and the inability to recall the words. This is six pieces of the first and second core. Come out and help you get the time frame fixed. It'll save you a lot of effort before you take the exam。
Who's qualified? How do you get the certificate
Since 2020, persons who have attained the age of 18 years, have a high school degree or full civil capacity may apply for employment in the securities industryEligibility examinationI don't know. Qualifications are obtained through examinations for basic subjects and one specialized subject organized by the association in a unified manner. Once again employed by a professional body and meeting the character and reputation requirements set out in the scheme, a certificate of practice can only be applied for, without three steps。
Persons who apply for credit evaluation of securities shall have a period of more than two years of experience in securities and the conditions laid down by the csrc. Upon obtaining a certificate of practice, the institution may, on behalf of the employing agency, carry out the securities business operated by the institution. Remember, having passed does not mean being able to go on duty, you must be hired and sent out by a body for the certificate to be meaningful。
Three categories of security
Securities are classified by the nature of the right as commodity securities, currency securities and capital securities. Commodity securities prove that the holder has a right of use or ownership of a particular commodity, typically in the case of bills of lading, and the acquisition of securities is tantamount to the acquisition of ownership of the commodity and is protected by law. Monetary securities such as bank drafts, cheques and capital securities such as equities, bonds and the like are evidence of the return on investment。
Virtual capital is a high-frequency confusion point. It exists in the form of marketable securities, which can yield benefits to the holder, but is independent of actual capital and does not play a role in the production process. The precise definition of a security is "the amount marked on paper as proof that the holder or designated subject has title to and claims over particular property" and is distinct from the definition of general securities。
Issuer and listing threshold
There are three categories of issuers: government securities, government agency securities and corporate securities. Government agency securities are prohibited and not all institutions can issue them. Corporate securities are further broken down into equities and bonds. The central purpose of listing securities is to increase their visibility and to raise capital on favourable terms, depending on whether they are listed, registered and publicly traded on the exchange。
Non-listed securities are not traded on the exchange but can be marketed in other securities trading markets, characterized by liberal auditing, few investors and no publicity systems. Multiple choice of the question "secrets that do not apply for listing or that do not meet the terms of a listed transaction", the answer being a non-listed securities and b non-listed securities, c-listed securities and d-deceased securities are jamming items, and are not subject to "stopping"。
How does the market split vertically
In the horizontal structureSecurities marketSeparated into the stock market, bond market and fund market, this is a single hf entry point, option a. Vertically, they are divided into first-level distribution markets and secondary trading markets, or international and domestic markets. The physical market has a fixed location such as an exchange, the intangible market is an off-site transaction, and the third and fourth markets specifically refer to the sale of listed securities outside the exchange and do not mix with the first-tier market。
Cross-cutting: split across varieties and horizontally. History has also been re-examined, with the new york exchange primarily trading in government bonds before the war of independence before the stock exchange really prevailed. The judgement that "non-listed securities are securities that do not meet the listing requirements and cannot be listed" is correct, so be careful to distinguish them from "cut-off"。
Don't forget the four functions
The equity market has four basic functions: the financing function helps firms to integrate money, the investment function to find a place to finance, the pricing function to create a reasonable market price through transactions, and the capital allocation function to channel resources from inefficient to efficient industries. The four functions often come up with a combination of questions about which of you corresponds to which scene, and do not turn the pricing and configurations in different directions。
Following the implementation of the new securities act, the companies act, the registration system was fully established, the issuance of clearances moved from approval to registration, and the funding threshold and disclosure rules changed substantially. The examination will be conducted in conjunction with the new law, which makes it easier to roll over old school materials, and it is important to keep it up to date with the latest regulations, in particular with regard to the conditions for issuance, exit rules and investor protection provisions。
Who's in the market
Participants included issuers, investors, intermediaries such as coupons and registered clearing companies, self-regulatory organizations, i. E. Securities industry associations, and regulators, i. E. Sec. Hf single selection: securities industry associations and exchanges are by nature self-regulatory organizations, not administrative bodies, the answer is " d " . The main types of institutional investors, and the meaning of individual investors, are also important considerations。
The underlying causes of market creation are the need for new financing instruments in the socialized production and commodity economies, and the fact that self-accumulation and bank borrowing do not meet large financial demands. The stock company system is the real basis for the creation and development of the securities market, with no shares without shares and no exchanges without shares, a causal chain examination often taking the form of judgments。
Which two concepts are most easily confused when you review the knowledge base of securities? The comment section said that you stepped on the pit and found it useful to give it a compliment and forward it to a colleague who had prepared it。
