Government Subsidies (CEF & WAM)

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

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:

• Be the Hong Kong residents
• Aged between 18-70
• Complete the training with attendance of 70% or above and passed the examination with the passing mark of 50% or above
• Submit the application within one year upon the successful completion of the CEF reimbursable course

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. 

1. Check your eligible subsidy (Use "subsidy calculator" on the CEF website)
2. Download and complete the CEF Application Form [SFO302(2019)]
3. Prepare the supporting documents for submission

• Hong Kong Smart Identity Card;
• One-way permit from the Mainland China (if applicable);
• Documentary proof of course fee paid; 
• Documentary proof of successful completion of the course(s);
• Front page of your bank passbook or bank statement showing your name, account number and bank name / bank code.

4. Pass the completed CEF Application Form together with the supporting documents to HKIB's Reception Counter for HKIB's authorized Stamp Chop as confirmation
5. Retain copies of the documents for own reference
6. Review the "Checklist for Submission of the CEF Application Form" before submission
7. Submit the Application Form through "GovHK" or mail to OCEF or using drop-in boxes

Remark:

• The CEF Application Form is combined for account opening and fee reimbursement. The form is also applicable to applicants who have opened a CEF account before 1 April 2019 to apply for fee reimbursement only.
• Application results will be issued within 6 weeks from the date of receipt of the application for existing CEF account holders or 8 weeks for applicants who submit applications for the first time, subject to provision of complete and satisfactory supporting documents.
• Disclaimer: Applicants would NOT be eligible to apply for CEF reimbursement should the module be solely delivered via FLEX Learning, unless a waiver is sent to the Institute by OCEF or Labour and Welfare Bureau. 

Enquiries on CEF Scheme or Application:

Please contact "Office of the Continuing Education Fund (OCEF)"

Enquiries about HKIB CEF Reimbursable Courses:

Please contact "The Hong Kong Institute of Bankers"

The below modules are eligible for the WAM application.

The applicant must be:

• a Hong Kong resident and lawfully employable in Hong Kong; AND either:
• a full-time in-service practitioner (not necessarily in the field of asset and wealth management) on the commencement date of the course concerned
• the applicant has completed any of the eligible courses and has been certified by the course provider
• the applicant must not have received any other form of subsidy or financial assistance for the 80% of the course fees to be reimbursed under the Scheme from any publicly-funded schemes and/or the applicant's employer

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.

1. Enrol in eligible courses
2. Retain the official receipt (paper or electronic form)
3. Obtain attendance certificate
4. Complete online application form via online application portal with an unique system-generated application number for referencing
5. Print and sign the application form
6. Prepare the five supporting documents

• a copy of the applicant's Hong Kong Identity Card;
• a copy of the certificate issued by the course provider certifying that the applicant has completed the course to the satisfaction of the provider; 
• the original receipt of the course fee payment issued by the course provider (with name of applicant, name of the course attended and course date);
• a documentation of the personal bank account for direct credit of reimbursement in the form of: 
  > a copy of the front page of bank passbook; or
  > copy of the bank account statement; or 
  > copy of a bank debit card; or
  > a copy of blank personal cheque.
• for in-service practitioners currently under employment, an original company letter issued by or an employment certification form ("Form") endorsed by the applicant's employer, with an authorised signature duly signed and the employer's company chop stamped. 

7. Submit application by mail or in person to HKSI Institute's office

Enquiries on WAM Scheme or application:

Please contact "Hong Kong Securities and Investment Institute (HKSI)"

Enquiries on HKIB WAM Eligible Training Programmes

Please contact "The Hong Kong Institute of Bankers"