CFP is the qualification you need to obtain if you wish to become a Financial Planner. I don't know the industry in China too much. However, for example, in Canada, CFP is a must for thoses Financial Planners. There are two steps to obtain such a designation. Firstly, you need sign up some courses offered by different providers, such as Canadian Security Institution and others; Upon completion, you could challenge CFP exam.
As per the comparision with CFA, I don't see which one is obviously more valuable, since it totally depends on your own career objective. You should ask yourself who you want to be in the near future, then take the necessary exam to realize your dream. It is not always the more designations you get, the better. If that's not helpful to you career, it is simply a waste of time and money.