HKU ICB
PgDip in Public Financing and Capital Market (PFCM)
Mode and Schedule： | Part-time Weekend Mode, with 2.5 days per session (Friday, Saturday, and Sunday), the overall programme is completed in approximately 15 months. |
Location： | Hong Kong (or Mainland China) and overseas |
Medium of Teaching： | Chinese and English (English classes with simultaneous interpretation in Putonghua) |
Scheduled Inauguration： | November 2024 |
Increasingly complex and fierce competition places greater emphasis on the ability of enterprises to raise and allocate resources. Entrepreneurs and strategic decision-making management need to shift from product thinking to financial thinking, from asset management to capital operation, and to integrate more quality resources for better corporate value management - on the premise of fulfilling the corporate vision, introducing new resources, new strategies and strategic investors, leveraging on the international capital market, and formulating an overall execution plan to maximise returns to shareholders and investors. This will in turn allow companies to realise sustainable growth over time.
Initial Public Offerings (IPOs) provide a boost to a company's growth by, for instance, expanding access to finance, obtaining greater capital raising capacity, increasing the liquidity of shares, enhancing the credibility and visibility of a company in the eyes of business partners and the public, reducing the personal investment and guarantees of the original shareholders, strengthening employees' sense of belonging, and thus engaging and retaining talented employees. IPOs have become a method of corporate legacy and allow companies to raise capital in the capital markets.
An IPO is a very broad corporate exercise, involving new ways of thinking regarding management training, business restructuring, divestment of non-core businesses, corporate governance, risk assessment, financial reporting, and operational processes.
Programme Objectives
The programme aims to develop systematic financial thinking among the core strategic executives of pre-listed companies, senior managers of financial-related organisations and controlling family members who are planning for capital operations to enable them to critically analyse the multi-layered capital markets of companies, apply capital thinking to build corporate financing channels, design corporate industrial capital strategies and prepare corporate listing arrangements, and breakthrough corporate financing bottlenecks. Students will also be able to understand the listing process and the roles of professional teams, and effectively lead their teams to implement listing-related projects - formulating appropriate pre-listing arrangements, listing execution plans and post-listing corporate governance and management plans.
By studying this programme, students will be able to:
- Develop a listing structure that meets the capital requirements of primary and secondary markets, major financial markets, and financial regulators, and apply a corporate capital strategy and analysis-related operations to effectively develop an overall corporate listing strategy.
- Integrate and organise all areas of expertise and practical skills in IPO planning to execute the IPO plan.
- Establish and standardise corporate governance and risk management systems to meet the expectations of stakeholders, including financial regulators and investors.
- Integrate IPO planning and develop appropriate wealth succession plans based on the wealth management needs of controlling shareholders (and families) and relevant market operating models.
Programme Content
- Residential Workshop — From Being Excellent To Exceeding
- Capital Operations and Financial Management
- Corporate Governance and Compliance Management
- M&A and Corporate Restructuring
- Private Equity and Strategic Investor Management
- Strategic Value Management
- IPO Planning and Operations
- Post-IPO Obligation and Investor Relations
- Family Office and Succession Planning
- Overseas Study Tour
- Final Project
Teaching Members’ Qualifications
With global perspective and experience, students will be guided to systematically analyse and develop corporate capital strategies based on the characteristics of the Mainland Chinese capital market, to provide a comprehensive and executable plan.
金弘毅先生
Mr. David Chin
Formerly served as President of UBS China and Head of Investment Bank, Asia Pacific
Bruce VonCannon先生
Mr. Bruce VonCannon
Managing Director of Vanheel Management Ltd., former CEO of Rothschild Asia Pacific, Senior Executive at UBS
张名扬先生
Mr. Mike Cheung
Managing Director and the Head of Family Office of Goldman Sachs 丶 Full member of the Society of Trust and Estate Practitioners (STEP)
徐霄羽博士
Dr. Sue Xu
Postdoc Fellow, Stanford University, Managing Partner, AMINO Capital, Founding Scientist, GlycoMira
杨保中教授
Prof. Baozhong Yang
H. Talmage Dobbs Jr. Chair and Associate Professor of Finance at the Robinson School of Business, Georgia State University, USA丶Director of the FinTech Lab at the Robinson School of Business, Georgia State University, USA丶PhD in Finance from Stanford Univ
邓智杰博士
Dr. Jacky Tang
Adjunct Associate Professor at HKU ICB; Head of Investment Management, Goldman Sachs (Asia); Master of Studies (Sustainability Leadership), Cambridge University, UK
王迎阳先生
Mr. Jack Wang
Part-time Lecturer at HKU ICB
陈侱儫先生
Mr. Peter Chen
Head of Tikehau Capital China Region
翁健先生
Mr. Kin Yung
Director of the Corporate Finance Division at CCB International Capital Limited (“CCBI”)
梁霭中先生
Mr. Philip Leung
Bain & Company Global Partner Chairman of Asia Pacific Region and M&A Business, Bain & Company
马丁先生
Mr. Martin Ma
Executive Director of Goldman Sachs, Former Private Banking Client Investment Advisor at JPMorgan Chase.
陈少瑜先生
Mr. Nova Chan
PwC partner of PwC Member of the Hong Kong Society of Accountants (HKICPA) Senior member of the Institute of Chartered Accountants (FCCA) Senior member of the Royal Institute of Chartered Surveyors (FRICS) Hong Kong and Macao certified public valuer
廖于勤先生
Mr. Eugene Liu
RSM Hong Kong Managing Partner and Director of Consulting Services, Chairman of the Hong Kong Institute of Certified Public Accountants, Chairman of the Hong Kong Chapter of the International Association of Certified Valuation Analysts
陆晨博士
Dr. Chern Lu
Adjunct Associate Professor at HKU ICB; Distinguished Professor of Business Psychology at Harvard University; Distinguished Advisor of Hong Kong International Family Office Association; Applied Math Ph.D of Courant Institute of Mathematical Sciences, New
高俊先生
Mr. Gary Gao
The Partner and the Head of Compliance Team of Beijing Zhong Lun Law Firm panel of HKIAC,SHIAC,SIMC
卢麒元先生
Mr. Qiyuan Lu
Chairman of the Board of Directors of Ward International Management Consulting Co., Ltd., formerly worked for the Ministry of Finance of the People's Republic of China and the China Open Economic Trust and Investment Corporation
叶荣铿博士
Dr. Angus Yip
Adjunct Associate Professor at HKU ICB, HKU, Doctor of Business Administration from Trinity Saint David, University of Wales, Master of Management from Harvard University, Master of Sustainability Leadership from Cambridge University, External As
Programme Features
Moving from a private company to a listed enterprise, a company faces a series of changes, including a change in corporate culture and structure. Before launching an IPO, management teams have rules to follow to assist companies in analysing the value that an IPO will create, planning the appropriate timing of the IPO, and finalising the location and the IPO model.
The programme takes a practical approach to assist students in properly addressing each aspect of the IPO preparation process that needs to be considered for planning, such as:
1. Preparation for an IPO - An IPO is a key event in the development of a business. It also provides an opportunity for companies to review their business strategies and further promote effective management practices.
2. Selecting the appropriate intermediary team - With the broad spectrum of capital market operations, understanding the strengths and weaknesses of different advisors is critical to the IPO process. Management can lead companies in selecting the best professional organisations and intermediary teams to provide services to them.
3. Project management and assessment of market conditions and investor preferences – In the face of volatile capital markets, the most important thing is to ensure that the timing of the IPO is right and that the project management of the whole process is revised in real-time to ensure that different important events in the process are completed on time.
4. Capital appreciation story and independent valuation – guide managers in the preparation of business plans in line with the direction of the business and changes in the investment market, while providing an independent valuation of the company's business to assess the IPO offer price.
5. Post-IPO market capitalisation management – assist managers in managing market expectations of the company in a way that is consistent with the company's growth plans and investor expectations.
Content：The programme aims to help companies analyse and understand financing options to support their growth. It provides practical knowledge and experience to assist companies in understanding specific financing operations, analysing capital markets, and providing effective assistance in making financial decisions.
Faculty：Faculty members of this programme have more than 20 years of experience in international and Mainland Chinese capital markets or the management of large-scale multinational corporations. They are skilled at using a global perspective and have extensive experience in capital operations and corporate governance to lead students to analyse and develop a systematic corporate capital strategy and plan an implementable global solution based on the characteristics of the Mainland Chinese capital market.
Overseas study tour： Capital financing reaches out across borders and the capital market is becoming increasingly globalised. The overseas study tour is specifically designed to broaden students' global perspectives and enhance their global strategic thinking. The overseas study will be conducted in collaboration with world-renowned universities, and the programme includes a variety of formats such as thematic lectures, seminars, and corporate visits.
Extracurricular activities：In addition to classroom learning, we also arrange for students to visit financial institutions, and attend alumni events and cultural activities to enhance their learning experience.
Certificate：Internationally recognised Postgraduate Diploma
Chinese and English bilingual teaching (English lectures with Chinese interpretation). An internationally recognised Postgraduate Diploma will be awarded to those who pass the assessment.
Overseas Study Tour
Capital financing reaches out across borders and the capital market is becoming increasingly globalised. The overseas study module is specifically designed to broaden students' global perspectives and enhance their global strategic thinking. The overseas study will be conducted in collaboration with world-renowned universities, and the programme includes a variety of formats such as thematic lectures, seminars, and corporate visits. Mainly consisting of:
- An in-depth understanding of global capital markets: an overview of the global economy, and the impact of the United States on the IPO market.
- Understanding IPO planning and execution: capital investment strategies, investor roadshow planning.
- Understanding investor expectations for post-IPO management: investor relationship management, rating and valuation triggers.
- Lectures on corporate transformation management and leadership as well as visits to exchanges and seminars about hot topics in capital markets (e.g., virtual currencies, blockchain, etc.).
Admission Requirements
- Have at least 10 years' work experience or more
- Hold a recognised undergraduate degree or equivalent
- Obtain recommendation and support or sponsorship from an organisation
- Hold a senior management position within the organisation
Graduation Certificate
Upon completion of the "Residential Workshop", 8 compulsory modules and the "Public Financing and Capital Market Final Project", and after passing the evaluation, students will be awarded the "Postgraduate Diploma in Public Financing and Capital Market" by the University of Hong Kong at the postgraduate level.
Fees and Charges
Tuition fee： | 398,000 HKD Remarks: The Institute will provide and arrange accommodation and meals (except dinner) for all modules offline and during the overseas study tour. Students are responsible for covering their own transportation, visa fees and other expenses. Students may also opt out of the accommodation or meals arranged by the Institute but will be responsible for any costs incurred thereof. In addition, if, due to the pandemic or any other reasons and the above modules are completed online, or if the above accommodation and meals are not undertaken, the Institute will not refund any money to the student or cover any additional accommodation and meals. |
To encourage alumni of the HKU Institute for China Business (HKU ICB) to practise the idea of "lifelong learning" and achieve higher career goals, HKU ICB has set up the "Lifelong Learning Scholarship" (HK$30,000 per eligible alumnus). ICB alumni who continue to strive for excellence will be supported to pursue further studies in a series of senior executive programmes in partnership with the business school of the University of Cambridge, medical schools of prestigious academic institutions in the United States and Euromed Marseille Ecole de Management. | |