China offers a financial industry exam in English, first test on May 4

China has been highlighting its plans to open up, as part of managing tensions with the US including President Donald Trump's threats to impose tariffs

Industry exams in English are the latest example of China’s financial opening up.

Starting next month, for the first time, foreign senior staff of private securities funds will be able to take the industry’s qualifying exam in English, the Asset Management Association of China said on its website April 12. The tests are for staff including chairmen and presidents, as well as investment, research and trading heads.

Fidelity International, UBS Asset Management and Man Group are among foreign firms licensed for China’s 2.6 trillion yuan ($414 billion) private securities funds industry, which caters to qualified domestic companies and wealthy individuals, rather than