To support the continuous development of the adults for pursuing their learning aspirations or enhancing their professionalism through professional training and examination, the Hong Kong Government launched the “Pilot Programme to promote talent training for the asset and wealth management (WAM) sector” scheme and “Continuing Education Fund (CEF)” to provide the subsidies to the learners.
Apart from being the service training provider to offer the professional training programmes related to Wealth and Asset Management sector under the WAM scheme starting from 2016, nine modules under our Certified Banker (Stage I) and Certified Banker (Stage II) programmes were also successfully approved as the CEF Reimbursable Courses on 4 September 2020.
[Download Government Subsidy Flyer]
1. Continuing Education Fund (CEF)
The Continuing Education Fund (CEF) subsidises adults with learning aspirations to pursue continuing education and training. From 1 April 2019, eligible applicants may submit unlimited number of claims for reimbursement of fees up to a maximum sum of HKD20,000 within one year upon successful completion of CEF reimbursable courses.
The below modules under CB (Stage I) and CB (Stage II) are eligible for the CEF reimbursement. For more details about the CEF reimbursable courses, please visit CEF website https://www.wfsfaa.gov.hk/cef/en/index.htm
CB (Stage I) |
CEF Course Code |
Validity Period |
1. Fundamentals of Banking |
89Z129352 |
4 September 2020 - 14 February 2022 |
2. Professional Ethics and Compliance |
89Z129360 |
|
3. Fundamentals of Accounting |
89Z129387 |
|
4. Introduction to Banking Law |
89Z129379 |
|
5. Risk Management |
89Z129395 |
|
CB (stage II) |
CEF Course Code |
Validity Period |
1. Business and People Management |
89Z129409 |
4 September 2020 - 14 February 2022 |
2. Finance of International Trade |
89Z129425 |
|
3. Corporate Finance Services |
89Z129417 |
|
4. Technology Management and Innovation in Banking |
89Z129433 |
Both the training and examination fee can be claimed at the maximum of HKD20,000 subsidy (1st HKD10,000 subsidy is 80% and 2nd HKD10,000 is 60%). Any other charges, such as the late charges and change of course fee charges, are not reimbursable.
A "subsidy calculator" is available on the CEF website for applicants to estimate their eligible subsidy.
Applicants should:
The application process is handled by Office of the CEF (OCEF) and the major steps are highlighted as below. For the details about the application requirements or process, please visit CEF website.
Remark:
Enquiries on CEF Scheme or Application:
Please contact "Office of the Continuing Education Fund (OCEF)"
Address: |
Unit 07-11, 25/F., CDW Building 388 Castle Peak Road, Tsuen Wan, Hong Kong |
Opening hours: |
Mondays to Fridays 8:45 a.m. – 1:00 p.m. 2:00 p.m. – 5:45 p.m. |
Website: |
|
E-mail Address: |
Cef_sfo@wfsfaa.gov.hk |
24-hour manned enquiry hotline: |
3142 2277 (Handled by the staff of “1823”) |
Enquiries about HKIB CEF Reimbursable Courses:
Please contact "The Hong Kong Institute of Bankers"
Address: |
3/F Guangdong Investment Tower, 148 Connaught Road Central, Hong Kong |
Opening hours: |
Mondays to Fridays 9:00 a.m. – 6:00 p.m. Saturday, Sunday & Public Holiday: Closed |
Website: |
|
E-mail Address: |
cs@hkib.org |
Hotline: |
(852) 2153 7800 |
2. The WAM Pilot Programme
The Hong Kong Government has launched a three-year Pilot Programme to promote talent training for the asset and wealth management (WAM) sector since 1 October 2016 and extended to the programme until 31 March 2023. The main purpose of the programme is to facilitate the long-term sustainable development of the sector by attracting more talents and enhancing the professional competency of the in-service practitioners in the asset and wealth management area.
One of the initiatives is the Financial Incentive Scheme for Professional Training. It encourages financial services industry practitioners to acquire and upgrade professional skills in the asset and wealth management field.
The below modules are eligible for the WAM application.
Certified Banker (CB) |
Postgraduate Diploma in Credit Management for Certified Bankers
Postgraduate Diploma in Treasury Management for Certified Bankers
Postgraduate Diploma in Operations Management for Certified Bankers
|
Enhanced Competency Framework (ECF) on Retail Wealth Management |
|
ECF on Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) |
|
Certified Private Wealth Professional (CPWP) Module 2 – Ethics and Compliance |
|
The applicant must be:
For more details about the eligibility, please visit the Eligibility Training Programmes page on website of WAM.
The application should be submitted to HKSI Institute within FOUR months from the last day of the course completed. The major steps are highlighted as below.
For the details about the application requirements or process, please visit Application for Reimbursement page on the website of WAM.
Enquiries on WAM Scheme or application:
Please contact "Hong Kong Securities and Investment Institute (HKSI)"
Address: |
Room 510, 5/F, Wing On Centre, 111 Connaught Road Central, Hong Kong |
Website: |
|
E-mail Address: |
info@wamtalent.org.hk |
Hotline: |
(852) 3120 6100 |
Enquiries on HKIB WAM Eligible Training Programmes
Please contact "The Hong Kong Institute of Bankers"
Address: |
3/F Guangdong Investment Tower, 148 Connaught Road Central, Hong Kong |
Opening hours: |
Mondays to Fridays 9:00 a.m. – 6:00 p.m. Saturday, Sunday & Public Holiday: Closed |
Website: |
|
E-mail Address: |
cs@hkib.org |
Hotline: |
(852) 2153 7800 |