CFMPTM Programme Details  


The Hong Kong Monetary Authority (HKMA) together with The Hong Kong Institute of Bankers (HKIB) launched the Enhanced Competency Framework (ECF) on Retail Wealth Management (RWM) for banking practitioners on 2 January 2018. This aims to enable talent development and facilitate the building of professional competencies and capabilities for those already working in the retail wealth management stream and those preparing. Relevant Pracitioners who successfully complete the relevant part or the full programme “Professional Certificate for ECF on Retail Wealth Management (RWM)”will be registered as ARWP and CRWP respectively.

The new ECF on RWM Programme is an enhancement from the current Certified Financial Management Planner (CFMPTM) Programme with up-to-date syllabus and learning materials and able to meet the growing needs of retail wealth management practitioners in the banking industry. CFMPTM will be fully replaced by ECF on RWM in Jan 2018. There will be a “conversion and transition arrangement" from CFMPTM to ECF on RWM for existing CFMPTM Programme learners. For the details of ECF on RWM, please go to: www.hkib.org/en/training-examinations/ecf/retail-wealth-management 

Development of Wealth Management Professionals

With the growing affluence of the society, wealth management has become much well received among the general public nowadays in Hong Kong, Macau and mainland China. There is increasing demand for all rounded wealth management professionals – who have a thorough knowledge of financial services as well as the skill to identify individual financial needs, customize financial plan and perform on-going portfolio review in order to achieve the individual financial goals. CFMPTM, a professional designation conferred by HKIB, is the first and only programme incorporating banking and wealth management practices that integrates international standards and local needs.

The certification examination consists of seven subjects in two stages on issues regarding financial regulatory framework, investments, insurance, tax, fund and asset management and financial planning.

Widely Recogised in Hong Kong, Macau & Mainland China

The Hong Kong University of Science and Technology is the academic advisers to CFMPTM Programme (Hong Kong). Together with the professional background of HKIB, CFMPTM encompasses a strong theoretical background and forefront practical knowledge and skills. The programme aims to foster high-performing wealth management human capital helping the banking and financial industry to attain sustainable development.

Banks and financial institutions in Hong Kong, Macau and mainland China recognised CFMPTM as the professional qualification programme for wealth management executives; including AIA, Bank of China (HK), Citibank, DBS, HSBC, Hang Seng Bank, Nanyang Commercial Bank (HK), Wing Lung Bank, Bank of China (Macau), ICBC (Macau), ABN AMRO (China), Bank of Chongqing, Bank of East Asia (China), Nanyang Commercial Bank (China) etc. There are more than 10,000 exam enrollments and 1,000 CFMP holders up to August 2009.

Mutual Recognition with the China Banking Association (CBA)

HKIB has recently concluded mutual recognition arrangement with CBA''s Certification of China Banking Professional (CCBP), making the Institute an important certifying partner of CBA and further promoting the status of CFMPTM in the Mainland.

CBA is an organisation under the auspices of China Banking Regulatory Commission. CCBP was introduced by CBA in 2006 and until today over 1 million people have taken the examination. Under the mutual recognition arrangement, holders of CFMPTM Stage 1(Hong Kong) or above only need to pass CCBP''s ''Banking Fundamental Certificate'' examination and will be awarded ''Personal Wealth Management Certificate'' by CBA. Meanwhile, Chinese holders of CCBP are only required to complete the ''Banking and Financial Planning Regulations'' and pass Stage 1 of CFMPTM (Hong Kong) examination held in the Mainland in order to obtain CFMPTM Stage 1''s ''Financial Planning Certificate''. Furthermore, CCBP''s ''Personal Wealth Management Certificate'' is automatically awarded to members completing Stage 1 of CFMPTM (China).

The first ''Banking Fundamental Certificate'' examination in Hong Kong registered over a hundred entrants was held on 6 June 2009. On the other hand, the first CFMPTM examination will also be held in Beijing, Shanghai and Shenzhen on 8 August 2009 and response has been overwhelming. Such mutual recognition arrangement will further promote exchange of talents across the border

Study Modes

To assist members to better prepare the CFMPTM examinations, HKIB provides flexible examination preparatory public programmes and in-house programmes.

Tuition Programmes (Stage 2)

  • Examination Preparatory Programmes consist of TEN 3-hour lectures for each subject. Assessment test will be taken at the end of each programme.

Self Learning Programmes (Stage 1 & Stage 2)

  • Alternatively, members may also study independently for the examination according to their own pace and schedule. A Self-Study Pack and one tutorial session are complimentarily provided to the members upon enrollment of the examinations.

HKIB and CUSCS (School of Continuing and Professional Studies, The Chinese Univesity of Hong Kong) have jointly collaborated to organize the qualifing programme of Stage 1 for CFMPTM. For further details, please visit www.scs.cuhk.edu.hk/business.