CFA exam uses English globally. CFA exam is divided into three levels: 1, 2 and 3, and the content and form of each level are different.

CFA Level 1 exam focuses on the tools of investment evaluation and management, and also includes the introduction of asset evaluation and portfolio management skills.

The first-level exam (1 level) is a multiple-choice question, with 240 questions in total in each volume 120 questions;

CFA Level 2 exam focuses on the application of asset valuation and investment tools (including economics, financial statement analysis and quantitative analysis methods).

The second-level examination adopts the form of multiple-choice questions, with 60 questions in each volume, totaling 120 questions;

CFA Level 3 exam focuses on portfolio management, including the use strategy of investment tools, and the asset evaluation model for individuals or institutions to manage equity securities products, fixed-income securities, financial derivatives and other investment products.

The form of the third-level examination is 50% thesis writing and 50% case analysis.