Postgraduate Diploma in Finance and Law (CEF) - HKU SPACE: Finance and Compliance, Common Law and Professional Courses courses
Main content start

Accounting & FinanceFinance and Compliance

Postgraduate Diploma in Finance and Law
財務及法律深造文憑

CEF Reimbursable Course (selected modules only)

CEF Reimbursable Course (selected modules only)

Course Code
FN017A
Application Code
1885-FN017A

Study mode
Part-time
Start Date
24 May 2021 (Mon)
Next intake(s)
09-2021
Duration
12 months to 48 months
Language
English
Course Fee
HK$6,600 per Finance module
HK$10,500 per Law module
How to Apply
Deadline on 31 Mar 2021 (Wed)
Enquiries
2867-8312
2858 4750

Postgraduate Diploma in Finance and Law is designed to give you a sophisticated understanding of the legal and regulatory framework for the local and international financial sector, by taking an integrated approach to finance and law. Financial institutions need leaders who have extensive knowledge relating to the legal issues in international finance and banking.
 
This PGDFL creates a new kind of financial services professional: graduates who are trained in both finance and law. You will develop an advanced interdisciplinary understanding of relevant legal and financial contexts and combines a highly analytic academic core with applications informed by current practice.

 

Programme Aims and Objectives

This dual-discipline programme is specially geared towards the integrated study of finance and law  The programme aims to emphasize the importance of the inter-relationship between law and financial services, and provides an assessment of their interplay in the structure and operations of financial markets.  On completion of the programme, students should be able to critically assess the function of law and corporate financing in the protection and management of financial risks, apply essential quantitative techniques to analyse financial risks and gain wide insights in a globalised financial environment.

Career opportunities

PGDFL graduates having developed finance and legal skills can lead to very successful and lucrative careers.  You will be well prepared for working in the financial services sector or as a regulator with responsibility for financial institutions. Graduates can gain employment in leadership positions in both foreign and domestic financial industries. Hiring organizations include law firms, the government, financial institutions, corporations and non-governmental organizations.

 

Target Student

This programme would appeal to graduates and professionals aspiring to enhance their existing career in financial services.  Practitioners engaged in legal and compliance work are also welcomed to study this programme.

To complete this programme, students are required to study a total of 5 modules, with 2 modules from the law stream, plus 3 further modules chosen from the finance stream. Students are encouraged to study 2 modules per semester, if they wish to complete the programme in one year.  

The Modules are:

Law Stream (choose 2 modules) 

  • Legal Institutions and Business Law *
  • Contemporary Legal Challenges in the Business Environment (Subject to approval)
  • Current Issues in Finance Law

* Compulsory for candidates without prior equivalent qualifications.

Finance Stream (choose 3 modules)

  • Introduction to Finance *
  • Corporate Finance
  • Financial Markets and Regulatory Framework
  • Investment and Venture Capital
  • Anti-Money Laundering and Counter-Terrorist Financing Compliance

* Compulsory for candidates without prior equivalent qualifications.

 

Lecturers

Mr. Sam Law  -  Director, New Spring Capital

Mr. Law is Director of New Spring Capital, a SFC licensed entity that specializes in corporate finance advisory work as well as providing Sponsorship, an activity regulated by the SFC Hong Kong, for companies seeking IPO in Hong Kong. He is also Managing Director, TIC Associates, a professional firm that provides corporate training and advisory services in corporate governance, risk management, M&A, leadership, due diligence and corporate finance. Prior to joining TIC Associates, he was General Manager, Finance, Hong Kong Productivity Council, the largest consulting company in Hong Kong.  As head of Finance, he handles the overall financial management functions as well as the establishment and development of the PRC JVs and WFOEs. In his 30 years of finance and operational experience, Mr. Law has dealt with IPO (Australia), fund raising (USA and Hong Kong), venture capital investment (PRC), M&As’, business development in Asia Pacific region including the PRC.  

 

Mr. Kenny Ip – Retired Chief Superintendent of Police

Mr. Ip has over 25 years of financial crime investigations experience including Commercial Crime Bureau and Interpol Paris Secretariat General, Finance and Economic Crime Group. He was the founder of JFIU and in-charge of Money Laundering Financial Investigation Unit for 9 years. He has testified as Expert Witness in money laundering criminal prosecution cases both in the court of HK and USA. He also organized professional training to officers both in Hong Kong, China and overseas on money laundering and terrorist financing matters. Upon retirement, Mr. Ip worked at HKMA Enforcement Department for a year before joining a local bank, Group Audit Department and Financial Crime Compliance Department responsible for designing and implementing solution on fraud and money laundering cases. Mr. Ip then joined another local bank working both in HK and Shanghai handling AML and Financial Crime Compliance management functions. Currently, Mr. Ip teaches ECF AML/CFT Professional Level courses with HKU SPACE.

 

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. 

 

Mr Augustine Chan -  Executive Director and Compliance Counsel, CICC Group

Mr Augustine Chan is the Executive Director and Compliance Counsel of CICC Group in Hong Kong overseeing the international regulatory legal and compliance matters of the group.     Prior to joining CICC, Augustine worked in the HKSAR Government as Director of the Financial Services Development Council, in which he led various Government and financial industry new policies and initiatives to improve the financial market in Hong Kong.  Mr Chan also worked 7 years in the Hong Kong financial market regulators (including the Securities and Futures Commission and The Stock Exchange of Hong Kong Limited) and practiced as a solicitor in various international law firms in Hong Kong, Mainland China and Australia, specialising in capital market, private equity and corporate regulatory matters.     He is also a lawyer by trade and policy-maker by training, one of the most seasoned financial regulatory compliance professionals in the industry.

 

Ms Jun Wong – APAC  Head Group Investigations, UBS Group

Jun is a qualified solicitor, and is admitted in Australia and Hong Kong.  She worked in private practice in Australia and Hong Kong, before going in-house 15 years ago at Swiss bank UBS.  Jun currently heads the UBS Group Investigations function for the Asia Pacific region.  In her spare time, she enjoys searching for good HK milk tea, reading a good book and trying new recipes.

 

Duration
  • Minimum of 12-18 months and a maximum of 4 years

SYLLABUS

 

Legal Institutions and Business Law  

  • Legal System of Hong Kong/ sources of law
  • Legal reasoning and precedent doctrine
  • Setting up business entities, agency and partnership law
  • Fundamentals of Contract Law    
- Elements of contracts, their essential features          
- Vitiating factors, breach of contract and remedies
  • Tort of Negligence     
- Causation, duty of care; negligence and Statutory Torts, Breach of Duty   
- General principles of liability and vicarious liability  
- Defences and risk management
  • Law in capitalization, financing, capital re-construction and liquidation

 

Contemporary Legal Challenges in the Business Environment 

(Subject to approval)

  • The changing business landscapes due to technology and social trends.
  • Social media and legal implications for business
  • Legal considerations regarding freelancers (Independent contractor- employee relationship)
  • Race, gender, and sexual orientation and the law
  • Anti-corruption and bribery in Hong Kong
  • Use of data, security and privacy
  • Climate change and the law
  • Vulnerable adults and aging population

 

Current Issues in Finance Law

 (Subject to approval)

  • Regulatory environments and role of regulators e.g. Australia royal commission, HKMA, MAS)
  • Corporate governance, corporate culture and whistleblowing e.g. Barclays whistleblower, Tipper X)
  • Financial crime, money laundering, fraud, sanctioned countries e.g. China IPOs, 1MDB)
  • The power of information (confidentiality, banking secrecy, personal data (incl EU directive), info security, market manipulation e.g. JP Morgan princelings, LIBOR, rogue traders)
  • Fintech (digital banking, crypto currency, bitcoin etc.)
  • Conflict of interest, suitability, mis-selling, KYC, cross border, AEI, US Person, remuneration of bankers.
  • The role of banks, pawnbroking, shadow banking, crowd funding, shariah financing.

 

Introduction to Finance 

  • Finance & The Finance Systems
  • Concept of Time Value of Money, Annuity & Perpetuities
  • Financial Analysis
  • Cost of Capital
  • Investment Appraisal – Capital Budgeting
  • Risk and Portfolio Management
  • Efficiency of Capital Market
  • Interest Rates and Bond Valuation
  • Equity Markets and Stock Valuation

 

Corporate Finance 

  • Corporate Finance & Role of Financial Management
  • Investment Principles and Capital Budgeting Decisions
  • Choice of Capital Structure
  • Information Asymmetries & Agency Cost
  • Dividend Policy
  • Mergers & Acquisitions
  • Long-term Financing
  • Options, Futures and Corporate Finance
  • Case Studies

 

Financial Markets and Regulatory Framework

  • Structure, Role & Mechanism of Financial Markets (money market, capital market, equity market & Foreign Exchange market)
  • Types & Role of Financial institutions/Participants in Hong Kong
  • Types of Financial Instruments in Hong Kong Financial Markets – Securities, Options and Futures
  • Regulatory Overview of Hong Kong Financial Industry - Role & functions of Securities and Futures Comission (“SFC”), Hong Kong Monetary Authority (“HKMA”), Hong Kong Securities Institute (“HKSI”) and Hong Kong Exchanges (“HKEx”) as well as principles of relevant Hong Kong Law and the Companies Ordinance
  • Scope of Securities and Futures Commission Ordinance (“SFO”) and Banking Ordinance
  • Market Misconduct, Improper Trading Practices and Compliance
  • Future Development of Hong Kong Financial Markets

 

Investment and Venture Capital

  • Overview of Alternative Investments
  • Private Equity and Venture Capital
  • Role of Venture Capitalist and types of Venture Capital
  • Business Planning
  • Fund Raising: Venture Capital Fund Operations
  • Deal Structuring
  • Investing: Valuation Techniques
  • Post Investment Management – oversee and manage the firm after fund injection
  • Exiting: Potential Exit Strategies
  • New Frontier: Recent Development in Private Equity and Venture Capital
  • Other types of Alternative Investments (hedge funds, real estate, mortgage-backed securities)
  • Case Studies

 

Anti-Money Laundering and Counter-Terrorist Financing Compliance

  • Elements of Anti-Money Laundering compliance
  • Building an effective Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) risk management system
  • Suspicious Transaction Monitoring and Reporting
  • Application of the risk-based approach
  • Law Enforcement Investigations
  • Managing stakeholders effectively

 

 

May 2021 Intake - Tentative timetable

Course Name

Weekday

Time

Date

Introduction to Finance*

Monday

7-10pm

Starting from 24 May 2021 

for 13 weeks

Corporate Finance

Friday

7-10pm

Anti-Money Laundering and Counter-Terrorist Financing Compliance

Wednesday

7-10pm

 

The above tentative timetable may be subject to change without prior notice.* Compulsory Module for Non-finance candidates.

Venue: 
  • Admiralty Centre / United Centre (next to Admiralty MTR station)
  • HKU SPACE Po Leung Kuk Stanley Ho Community College (HPSHCC) Campus (at Causeway Bay)
  • Fortress Tower (near Fortress MTR station)
 
 

Applicants shall hold a bachelor’s degree awarded by a recognized institution.

If the degree or equivalent qualification is from an institution where the language of teaching and assessment is not English, applicants shall provide evidence of English proficiency, such as:

i.      an overall band of 6.0 or above with no subtests lower than 5.5 in the IELTS; or

ii.      a score of 550 or above in the paper-based TOEFL, or a score of 213 or above in the computer-based TOEFL, or a score of 80 or above in the internet-based TOEFL; or

iii.     HKALE Use of English at Grade E or above; or

iv.     HKDSE Examination English Language at Level 3 or above; or

v.      equivalent qualifications.

 

Applicants with other qualifications will be considered on individual merit. 

Application Fee

HK$200 non-refundable

Course Fee
  • HK$6,600 per Finance module
    HK$10,500 per Law module
  • The CEF Institution Code of HKU SPACE is 100
CEF Courses
Introduction to Finance (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07419-4 FEES $6,600 ENQUIRY 2867-8312
Corporate Finance (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07420-8 FEES $6,600 ENQUIRY 2867-8312
Quantitative Methods for Finance (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07421-6 FEES $6,600 ENQUIRY 2867-8312
Financial Markets and Regulatory Framework (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07422-4 FEES $6,600 ENQUIRY 2867-8312
Investment and Venture Capital (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07423-2 FEES $6,600 ENQUIRY 2867-8312
Legal Institutions and Business Law (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07424-0 FEES $10,500 ENQUIRY 2867-8312
Corporate Governance (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07425-9 FEES $10,500 ENQUIRY 2867-8312
Current Issues in Finance Law (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07426-7 FEES $10,500 ENQUIRY 2867-8312

Continuing Education Fund

More information: http://www.wfsfaa.gov.hk/cef/

Continuing Education Fund Reimbursable Course 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.

Postgraduate Diploma in Finance and Law

  • This course is recognised under the Qualifications Framework (QF Level [6])

Application Form Application Form

Enrolment Method

Submit the following documents in person to HKU SPACE enrolment counters.

  1. Application Form and a crossed cheque for HK$200 application fee (Non-refundable) payable to “HKU SPACE”.
  2. Certified photo copies of full educational certificates and transcripts (please produce originals of the documents for certification upon admission at SPACE Learning Centre);
  3. Testimonials or other documentary proof of the applicant’s working experience for non-standard admission requirements;
  4. A recent photo of the applicant.

After screening the documents, Programme Team will inform student by email for paying the course fee.

  1. After receiving the Enrolment form from Programme Team, please submit the Enrolment form and a crossed cheque payable to “HKU SPACE” to enrolment counter.   Credit card (VISA / Master) payment are also acceptable at enrolment counter.
  2. Please issue separated cheques or credit card payment slips to enroll each individual module.
  3. Course fee should be paid by semester.

Note :

  1. An application form without copies of supporting documents WILL NOT be processed. You will be required to produce originals of the documents for certification upon admission to the programme.  Payment for application fee and course fee by credit card (VISA / Master) are also acceptable.
  2. Applicants are required to provide a HKID card for admission assessments and student records. Applicants will be asked to present HKID for verification if applying in person at enrolment counters or to attach a copy of HKID if applying by post.
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.

2. VISA/MasterCard

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.

Notes

  1. Fees paid are not refundable except under very exceptional circumstances, subject to the School's discretion.
  2. 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.
  3. 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.
  4. Receipts will be issued for fees paid but HKU SPACE will not be responsible for any loss of receipt sent by mail.
  5. 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.
  6. 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.

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 (HPSHCC) 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.)
Help us to help you