Accounting & FinanceFinance and Compliance
Advanced Diploma in Finance (Investment)
CEF Reimbursable Course
CEF Reimbursable Course (selected modules only)
- Study mode
- Start Date
- 05 Oct 2020 (Mon)
- Next intake(s)
- Jan 2021
- 24 months to 36 months
- Course Fee
The ongoing turmoil in global financial markets continues to strengthen the need for finance professionals. This programme offers in-depth training in analytical aspects used by financial analysts in different settings including finance department within corporations and financial services institutions. These courses teach the strategies and principles of investment, financial risk management, derivative instruments and alternative investments. Graduates can be admitted directly into year 3 of Edinburgh Napier University’s BA (Hons) Financial Services and complete this part-time degree programme in 2 years.
This programme provides strong fundamental knowledge and studies in the theories and principles of finance. Students will have the opportunity to integrate their learning into analytical problem solving skills in financial analysis, risk management and personal financial planning, with added coverage on global financial markets and institutions.
Holders of this programme can be admitted directly into Year 3 of Edinburgh Napier University’s Bachelor of Arts (with Honours) in Financial Services and can complete this BA programme in 2 years.
Holders of this programme may also be eligible for some course exemptions on the various University of London International Degree Programmes. The qualification of this programme is of high academic standard and is recognized for advanced standing on several degree programmes.
Dr. Lewis Chong, Former Head of Research
Dr. Lewis Chong has extensive knowledge and experience in investment analysis, finance, capital markets and eBusiness development. He has over 15 years of industry experience serving listed companies and Big Four accounting firm in the areas of investment, wealth management, business consulting and eBusiness. Dr. Chong obtained his Ph.D at the University of Bath, UK, funded by a prestigious Overseas Research Scholarship (ORS). He also earned a master’s degree in accountancy from the Hong Kong Polytechnic University.
Mr. Walter Lau, Lecturer, HKU SPACE
Mr. Lau has more than nine years of teaching experience in tertiary education and professional examination training. He has been working closely with University of London, University of Edinburgh Napier HKU SPACE, and various overseas and local institutions, specializing in the fields of accounting and finance. After achieved his master degree in finance from the University of Michigan Dearborn, Mr. Lau built his comprehensive teaching portfolio progressively, ranged from various accounting subjects such as financial reporting, auditing and assurance, management accounting and business analysis, to finance topics like corporate finance and corporate risk management. Apart from academic lecturing, Mr. Lau offered also examination preparation and training courses for ACCA, HKICPA, CPA Australia, and FRM respectively, and he was one of the guest speakers for HKICPA exam preparation seminars.
Mr. Nelson Hui, Adjunct Lecturer, HKU SPACE
Mr. Hui is professional training consultant in areas of finance and investment. He has more than 14 years of teaching experience in global economic analysis, personal finance and investment at HKU SPACE. He is a seasoned financial consultant in areas of investment and wealth management in Core Pacific-Yamaichi International. He also provides consultancy and training in logical thinking and business strategy for Pasona education, one of the largest Japanese training institutes in HK. Mr. Hui obtained his master degree at the University of Toronto, Canada.
Dr. Ringo Chan, Senior Programme Director, HKU SPACE
Dr. Ringo Chan has extensive experience in programme development and administrative management of both full-time and part-time programmes ranging from sub-degree to Master degree level in business and finance. He obtained his EdD from the University of Leicester. With more than 12 years of teaching experience, he has specialised in teaching investment management, global financial markets and behavioural finance. He is a financial writer at China Daily and serves as the member of advisory group of Investor Education Centre, mentor of the University of Hong Kong and honorary flight lieutenant of the Hong Kong Air Cadet Corps. His current academic research focuses on lifelong education, educational psychology and financial management. His articles have published in journals such as Active Learning in Higher Education and International Journal of Continuing Education and Lifelong Learning.
Ms. Teresa Wong, Programme Director, HKU SPACE
Ms. Teresa Wong is a Programme Director in HKU SPACE. She mainly focuses on programme development and external relationship with different professional bodies. She also has over 10 years of teaching experience in accounting, finance and marketing courses in various local tertiary institutions. Prior to joining the education field, Ms. Teresa Wong was the Senior Sales & Marketing Manager in asset management companies. She was responsible for recruitment planning, marketing planning as well as training new staff. She has over 16 years of experience in project management, business operation, delivering training and training programme development. On the Community service aspects, she is the judge of the Best Financial Planner Award (BFPA) for the Life Underwriters Association of Hong Kong.
Students will study the programme over 4 terms in 18 months – 3 years, covering the following 10 courses:
- Principles of Accounting
- Mathematics for Finance
- Corporate Finance
- Quantitative Methods
- Global Financial Markets and Institutions
- Financial Risk Management
- Foundation of Personal Financial Planning
- Alternative Investment
Principles of Accounting
This course examines the basic concepts and principles of financial accounting. Areas covered include: basic financial statements, stock valuation, fixed assets and depreciation, alternative valuation approaches, interpretation of financial accounting information. At the end of the course, students are expected to understand the business accounting cycle and appreciate its usefulness in investment decision making.
Topics to be covered include: accounting information systems, fundamental accounting concepts & conventions, fixed assets and depreciation, the accounting cycle, inventory system & valuation of inventory, company accounting, cash flows, interpretation of financial statements.
Mathematics for Finance
This course introduces the relevant mathematical tools to students to allow them to apply these tools to financial analysis. The emphasis is to provide a technical bridge between elementary and intermediate level financial mathematics. At the end of the course, students are expected to appreciate the importance of mathematical tools in understanding the operation of financial services.
Topics include: Elements, Sets & Sub-sets, Functions, Arithmetic Sequences, Geometric progressions, Simple & Compound Interests, Limits, Exponentials, Linear Algebra, Vectors & Matrices, Determinants, Cramer’s Rule, Differentiations, Derivatives, Profit maximization, Critical Points, Optimisations, Integrations.
The course provides a basic understanding of various analytical concepts relating to the theories and principles of microeconomics and macroeconomics .Major topics include: demand and production analysis , pricing theory , consumer preference, law of demand, theory of the firm, market structure, concept of economic efficiency, aggregate demand, fiscal policy, government policy and international trade. At the end of the course, students should be able to apply economic concepts and rationalization to various financial decision making which may arise in normal business operations.
Topics include: Basic concepts and principles of economics, opportunity cost, scarcity & choices, theory of demand and supply, price determination and elasticity, perfect competition, monopoly, oligopoly, aggregate demand vs. aggregate supply, spending multiplier, deflationary & inflationary gaps, fiscal & monetary policy and exchange rate fluctuations.
The course introduces students to the principles and process of financial intermediation with particular reference to the operations of the banking system. It also studies the basic concepts and principles of finance, including financial analysis of a company, valuation of financial assets using discounted cash flow, risk and return analysis and the efficient market hypothesis. Functioning of capital markets, project analysis, the cost of capital, dividend policy and capital structure will also be covered. At the end of the course, students are expected to understand the importance of risk and return and the role of capital structure in affecting investment and financial decision making.
Topics include: time value of money and its applications, bond and stock valuation, capital budgeting with certainty and under uncertainty, market efficiency, CAPM, mergers & acquisitions.
This course helps students to develop basic statistical skills for solving business problems and making managerial decisions. It covers important statistical concepts that are applicable to most managerial fields. Topics include: probability, statistical inference, tests of hypotheses and simple regression. At the end of the course, students are expected to apply the statistical tools in evaluating risk and return in the financial services industry.
Topics include: Descriptive Statistics, Probability & Probability Distributions, Normal & Sampling Distributions, Estimation and Sample Size Determination, Hypothesis Testing and Linear Regressions.
This course introduces students to a comprehensive analysis of various investment vehicles and basic portfolio theories. Areas covered include: stock investments, bond investments, preferred stock and convertible securities investments, modern portfolio theory and asset pricing models, etc. At the end of the course, students are expected to understand and evaluate the usefulness of different investment products to suit different risk and return preferences scenarios.
Topics include: Investment concepts and planning, Stock investments, Fixed Income investments, Securities Analysis, Bonds, Derivatives, Markowitz Portfolio Theory, Capital Market Theory, CAPM and Efficient Capital Markets.
Financial Risk Management
The course aims to enable students to understand the concept and role of corporate risk management within the international business framework. Major topics include features of risk, classification of risks, risk analysis and evaluations and how risk management plays a key component in achieving corporate objectives and to aid decision-making. The basics of various derivatives and financial instruments will also be introduced. At the end of the course, students are expected to understand and evaluate the usefulness of various risk identification tools in different risk management situations.
Topics include: Introduction to risk and risk management, financial derivatives, futures & forwards and hedging techniques, interest rate markets and mechanisms, options & options trading strategies & pricing and swaps.
Foundation of Personal Financial Planning
This course covers the importance and need for personal financial planning. Major topics include financial planning tools, financial planning process and the importance of personal taxation planning. Moral and regulatory duties inherent in the financial services industry will also be discussed. Students are also expected to appreciate the range of saving and investment products to provide for protection and retirement needs.
Topics include: Introduction to financial planning, applications of time value of money in financial planning, overview of financial markets and regulations for a financial planner, personal investment planning, client assessment & risk management, insurance risks & planning strategies, retirement & pension planning, tax planning, estate planning, implementing and monitoring the financial plan.
Global Financial Markets and Institutions
This course covers the structure, function, and management of international financial markets and institutions. Major topics focus on the various financial institutions including investment banks, dealers, mutual funds, venture capitalists, and commercial banks. Emphasis will be placed on the economic rationale for financial intermediation and the products and services they produce.
Topics include: Global financial markets, functions and structures of financial institutions, financial intermediaries, financial regulatory system, Central banking and monetary policy, International stock markets, International money markets, International bond market, Foreign exchange market, International financial system, Commercial and investment banks, Insurance and brokerage industries, Mutual Fund Industry, Asian Economic Crisis.
This course explores alternative investments outside of typical stock and bond investments in financial planning. Investment options include warrants, options, hedge funds, private equity, real estate, exchange-traded funds and equity-linked instruments. A series of cases focused on these investment options in international financial markets will be provided.
Topics include: An introduction to alternative investments, Real estate investments and its Trusts (REITS), Structured products-equity-linked notes and instruments, Private equity, venture capital, leveraged buyouts, Hedge funds and their mechanisms, Credit derivatives, CDS, TRS, MBS, CDO, exotic options, Updated knowledge on structured products (ELN, accumulator), Updated market news/analysis of hedge funds and private equity as alternative investments.
Oct 2020 Intake - Tentative timetable
The above tentative timetable may be subject to change without prior notice.
Mathematics for Finance
Starting from 5 Oct 2020 for 13 weeks
Foundation of Personal Financial Planning
Venue will be arranged at the following centres:
- HKU SPACE Po Leung Kuk Stanley Ho Community College (HPSHCC) Campus (at Causeway Bay)
- Admiralty Centre / United Centre (next to Admiralty MTR station)
- Fortress Tower (near Fortress MTR station)
(a) (i) have gained in HKCEE Grade E in 4 subjects (including Mathematics) and Level 2* in English Language and (ii) one A-level pass or two AS-level passes in any subject or other equivalent post-secondary qualifications; or
(b) have gained in the HKDSE Examination Level 2 in five subjects including English Language; or
(c) hold an Advanced Certificate in Financial Studies or a Certificate in Investment award within the HKU system through HKU SPACE; or
(d) be aged 21 and above.
*With effect from 2007, HKUSPACE recognizes Grade E previously awarded for English Language (syllabus B) (Grade C in English Language (syllabus A)) at HKCEE as an acceptable alternative to Level 2 in this subject at HKCEE.
HK$150 non-refundableCourse Fee
- Course Fee : HK$4380 (per course)
- The CEF Institution Code of HKU SPACE is 100
|Economics (Module from Advanced Diploma in Finance (Investment) Programme)|
|COURSE CODE 21Z06589-0||FEES $4,380||ENQUIRY 2867-8312|
|Principles of Accounting (Module from Advanced Diploma in Finance and Advanced Diploma in Finance (Investment) programmes)|
|COURSE CODE 23Z06799-6||FEES $4,380||ENQUIRY 2867-8312|
|Mathematics for Finance (Module from Advanced Diploma in Finance and Advanced Diploma in Finance (Investment) programmes)|
|COURSE CODE 23Z06798-8||FEES $4,380||ENQUIRY 2867-8312|
|Quantitative Methods (Module from Advanced Diploma in Finance and Advanced Diploma in Finance (Investment) programmes)|
|COURSE CODE 23Z06800-3||FEES $4,380||ENQUIRY 2867-8312|
|Investment (Module from Advanced Diploma in Finance (Investment) programme)|
|COURSE CODE 23Z05775-3||FEES $4,380||ENQUIRY 2867-8312|
|Corporate Finance (Module from Advanced Diploma in Finance (Investment) Programme)|
|COURSE CODE 23Z05771-0||FEES $4,380||ENQUIRY 2867-8312|
|Financial Risk Management (Module from Advanced Diploma in Finance (Investment) Programme)|
|COURSE CODE 23Z05773-7||FEES $4,380||ENQUIRY 2867-8312|
|Foundation of Personal Financial Planning (Module from Advanced Diploma in Finance (Investment) Programme)|
|COURSE CODE 23Z05772-9||FEES $4,380||ENQUIRY 2867-8312|
|Global Financial Markets and Institutions (Module from Advanced Diploma in Finance (Investment) Programme)|
|COURSE CODE 23Z05774-5||FEES $4,380||ENQUIRY 2867-8312|
|Alternative Investment (Module from Advanced Diploma in Finance (Investment) Programme)|
|COURSE CODE 23Z05770-2||FEES $4,380||ENQUIRY 2867-8312|
Continuing Education Fund
More information: http://www.wfsfaa.gov.hk/cef/
|Continuing Education Fund
This course has been included in the list of reimbursable courses under the Continuing Education Fund.
|Continuing Education Fund Reimbursable Course (selected modules only)
Some modules of this course have been included in the list of reimbursable courses under the Continuing Education Fund.
Advanced Diploma in Finance (Investment)
Application Form Application FormEnrolment Method
1. Please complete APPLICATION FORM and submit them in person at any of the following SPACE enrolment centre:
- HKU Campus Room 304, 3/F, T.T. Tsui Building, The University of Hong Kong, Pokfulam Road, H.K. (Next to Swire Hall); Tel: 2975 5680 Fax: 2546 3538 (Opening Hours: Weekdays - 8:30 a.m. - 6:00 p.m.; Saturdays – Closed)
- Admiralty Learning Centre 3/F, Admiralty Centre, 18 Harcourt Road, H.K. (access via the Shopping Arcade escalators through Exit A, Admiralty MTR Station); Tel: 3761 1111 Fax: 2559 4666 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays - 8:30 a.m. - 5:30 p.m.)
- HKU SPACE Po Leung Kuk Community College (HPCC) Campus 1/F, HPCC Campus, 66 Leighton Road, Causeway Bay, H.K.; Tel: 3923 7171 Fax: 3923 7188 (Opening Hours: Weekdays - 9:00 a.m. - 5:30 p.m.; Saturdays – Closed)
- Fortress Tower Learning Centre 1/F, Fortress Tower, 250 King's Road, North Point, H.K. (Exit B, Fortress Hill MTR Station); Tel: 3762 0888 Fax: 2508 9349 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays – Closed)
- Island East Campus 2/F, 494 King's Road, North Point, H.K. (Exit B3, North Point MTR Station); Tel: 3762 0000 Fax: 2214 9493 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays - 8:30 a.m. - 5:30 p.m.)
- Kowloon East Campus 1/F, 28, Wang Hoi Road, Kowloon Bay (Exit B, Kowloon Bay MTR Station); Tel: 3762 2222 Fax: 2305 5070 (Opening Hours: Weekdays - 8:30 a.m. - 7:30 p.m.; Saturdays - 8:30 a.m. - 5:30 p.m.)
2. All applications must be accompanied by:
a) Photostat copies of full educational certificates and transcripts.
b) Testimonials or other documentary proof of the applicant's working experience.
c) One crossed cheque payable to 'HKU SPACE' in respect of the course fee for Term I studies.
d) A separate non-refundable crossed cheque payable to 'HKU SPACE' for HK$150 in respect of the application processing fee. Application fee and course fee can be paid by credit cards at HKU SPACE Enrolment Centres.
Note : When submitting your application in person at any of the HKU SPACE enrolment centres, please bring along the originals of your educational certificates / transcripts and documentary proof of working experience for certification at the enrolment centres. Late applications may only be considered at the discretion of the Course Director.Payment Method
1. Cheque or Bank Draft
Course fees can also be paid by crossed cheque or bank draft made payable to "HKU SPACE". Please specify the programme title(s) for application, student's name, and student card no. (if applicable). You may either:
bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres.
Applicants may also pay the course fee by VISA or MasterCard, including "HKU SPACE MasterCard", at any HKU SPACE enrolment centres. Holders of HKU SPACE MasterCard can enjoy a 10-month interest-free instalment for courses with a tuition fee of HK$2,000 to $40,000. The cardholder must also be the course applicant himself/herself. For enquiries, please contact our staff at any of the enrolment centres.
- Fees paid are not refundable except under very exceptional circumstances, subject to the School's discretion.
- In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries of the relevant subject area for details.
- Fees and places on courses cannot be transferred from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of $120 will be levied on approved transfers.
- Receipts will be issued for fees paid but HKU SPACE will not be responsible for any loss of receipt sent by mail.
- For additional copies of receipts, please send a stamped, self-addressed envelope with a completed form and a crossed cheque for $30 per copy made payable to "HKU SPACE". Such copies will normally only be issued at the end of a course.
- Classes are expected to be held at HKU SPACE learning centers. The health and safety of our students is our top priority. If the situation in Hong Kong requires. HKU SPACE reserves the right to move some classes to other locations, including online teaching platforms.
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- Finance and Compliance