Postgraduate Diploma in Finance and Law (CEF) - HKU SPACE: Finance and Compliance, Common Law and Professional Courses courses
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Accounting & FinanceFinance and Compliance

Postgraduate Diploma in Finance and Law

CEF Reimbursable Course (selected modules only)

CEF Reimbursable Course (selected modules only)

Course Code
Application Code

Study mode
Start Date
07 Sep 2019 (Sat)
Next intake(s)
12 months to 48 months
Course Fee
HK$6,600 per Finance module
HK$10,000 per Law module
How to Apply
Deadline on 09 Aug 2019 (Fri)

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 *
  • Corporate Governance
  • Current Issues in Finance Law

* Compulsory for candidates without prior equivalent qualifications.

Finance Stream (choose 3 modules)

  • Introduction to Finance *
  • Corporate Finance
  • Quantitative Methods for Finance
  • Financial Markets and Regulatory Framework
  • Investment and Venture Capital

* Compulsory for candidates without prior equivalent qualifications.



Dr. Seen-Meng Chew, Head of Research, FinFabrik

Dr. Seen-Meng Chew is currently the Head of Research at FinFabrik, a Hong Kong-based financial technology solutions provider that specializes in capital markets.  Before his current position, he worked as a senior economist at J.P. Morgan, International Monetary Fund and Morgan Stanley, covering Asia Pacific economies.  Prior to returning to Asia, he worked as an economic consultant at NERA Economic Consulting in Chicago, advising multinational corporations on their international pricing strategies.  His written work has been published in well-known business journals such as the Asia Asset Management Journal and the International Tax Review.  He also has substantial lecturing experience at universities in the U.S. and Singapore, for economics and finance courses.  Dr. Chew received a PhD in economics from University of Chicago, an MPhil in economics from University of Cambridge and a BSc in Economics from the London School of Economics.


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.  


Dr. LAM Yat-fai (林日辉), CAMS, CFA, CAIA, FRM, PRM -  Principal, Structured Products Analytics, CapitaLogic Limited  

Dr. LAM Yat-fai is the Principal of Structured Products Analytics, CapitaLogic Limited and Adjunct Professor of Finance, City University of Hong Kong.  He graduated from City University of Hong Kong with a Doctor of Business Administration degree in finance.  Dr. LAM has worked for bank regulator, international banks and sovereign wealth fund, specializing in the areas of anti-money laundering, credit risk management and structured products.


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. 


  • HKU SPACE Po Leung Kuk Stanley Ho Community College (HPSHCC) Campus (at Causeway Bay)
  • Admiralty Centre / United Centre (next to Admiralty MTR station)
  • Minimum of 12-18 months and a maximum of 4 years



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


Corporate Governance 

  • The background Information, including the law in Hong Kong
  • The operation of a company
  • What is Corporate Governance
  • Corporate Governance and Community
  • Financial disclosures - statutory, accounting, compliance and other reporting requirements.
  • Installing corporate governance in Private and Listed Companies
  • Contexts of international corporate governance
  • Applying corporate governance standards and practice


Current Issues in Finance Law 

  • Hong Kong financial regulation
  • Investor protection and complex transactions
  • Derivatives, credit risk transfer and hedge fund regulation
  • Securitization under different legal systems : Uses of security and collateral
  • Market failure and manipulation
  • International Law and Regulation
  • Basel capital accords and regulatory arbitrage.
  • Asian capital market problems and obstacles to regional integration.
  • Change in terms in private financial contracts.
  • Controversial activities in derivative, debt and equity markets.
  • Covenants and contractual issues of control, governance.
  • Examples of failed structured finance.


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


Quantitative Methods for Finance

Applying Analytical techniques in:

  • Portfolio Management
  • Quantitative Performance Management
  • Risk Management
  • Financial Product and Financial Derivatives
  • Financial Statement Analysis
  • Initial Public Offering (“IPO”) Analysis
  • Macroeconomic Forecasting

Remarks: MS Excel & SAS will be used for some topics.


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




Sep 2019 Intake - Tentative timetable


Course Name





Legal Institutions and Business Law


2:30-5:30 pm

7 Sep to 7 Dec 2019

PLES6008 Corporate Governance


7:00-10:00 pm

11 Sep to 11 Dec 2019


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

  • 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$10,000 per Law module
  • The CEF Institution Code of HKU SPACE is 100

CEF SectorFinancial Services

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 $10,000 ENQUIRY 2867-8312
Corporate Governance (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07425-9 FEES $10,000 ENQUIRY 2867-8312
Current Issues in Finance Law (Module from Postgraduate Diploma in Finance and Law Programme)
COURSE CODE 23Z07426-7 FEES $10,000 ENQUIRY 2867-8312

Continuing Education Fund

More information:

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.

Application Form Application Form

Enrolment Method

1.     Please complete one APPLICATION and one ENROLMENT 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  14/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.)
  • Kowloon West Campus G/F, 38-46, Nassau Street, Mei Foo Sun Chuen (Phase 6), Kowloon (Exit B, Mei Foo MTR Station); Tel: 3762 4000 Fax: 2302 1609 (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:

  1. Application Form and a crossed cheque for HK$200 application fee (Non-refundable) payable to “HKU SPACE”.
  2. Enrolment form and a crossed cheque for the course fee payable to “HKU SPACE”(course fee should be paid by semester);
  3. Certified photo copies of full educational certificates and transcripts(please produce originals of the documents for certification upon admission at SPACE Learning Centre);
  4. Testimonials or other documentary proof of the applicant’s working experiencefor non-standard admission requirements.
  5. Copy of HKID card.

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 normally required to have reached the age of 18, and to provide a HKID card for admission assessments and student records. Applicants will also be asked to present HKID for verification if applying in person at enrolment counters.

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.


  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.