It comes as no big surprise that China is already becoming a dominant force in world financial circles. As a result, I scan the newspaper China Daily (in English, of course) on a regular basis to see what's happening in the business world over there. What I just read was a bit surprising and suggestive of what is yet to come.Apparently, a 31-year old chap named Liang Hui is taking the first ever associate financial planner (AFP) examination in Beijing, along with some 500 others, and if he passes, he will become the first insurance practitioner in the Chinese mainland (he is presently the marketing manager at Shanghai-based Aegon-CNOOC Life Insurance company, to receive this AFP designation which is being awarded by the Financial Planning Standards Council of China. Translated, it means that Liang will receive a diploma for qualified financial planners in China as a prerequisite to the higher-level certified financial planner (CFP) certificate that is accepted globally.

Incidentally, the Council will be authorized to grant this CFP designation when it becomes an affiliate member of the Financial Planning Standards Board with its more than 45,000 CFPs worldwide.

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