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： | April 2025 |
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
- Global Economy and Financial Markets
- Corporate Value Management and growth
- IPO Planning and Operations
- M&A and Corporate Restructuring
- Refinancing and Capital Expansion
- Corporate Governance and Compliance Management
- Management of Investment and Financing in Global Markets
- Family Office and Succession Planning
- Overseas Study Tour (Elective)
- Final Project
Teaching Members’ Qualifications
梁定邦博士
Dr Anthony Neoh, SC, JP
学院顾问委员会主席兼客座教授，国际欧亚科学院院士，香港资深大律师，中国证监会首席顾问，原香港证监会主席
孙明春博士
Dr Mingchun Sun
客座教授，香港中国金融协会副主席，中国金融四十人论坛成员，中国首席经济学家论坛名誉理事
沈明高博士
Dr Minggao Shen
客座教授，广发证券全球首席经济学家兼产业研究院院长，中国首席经济学家论坛理事
单伟建博士
Dr Weijian Shan
太盟投资集团执行董事长，阿里巴巴集团董事，曾任宾夕法尼亚大学沃顿商学院教授
叶伟文先生
Mr Patrick Yip
Adjunct Professor, Vice Chair at Deloitte China
虞锋先生
Mr Feng Yu
客座教授，云锋基金创始人、主席，云锋金融集团主席
信跃升先生
Mr Eric Xin
客座教授，中信资本的高级董事总经理，私募股权投资部门（信宸资本）管理合伙人，香港竞争事务委员会委员
王勇博士
Dr Yong Wang
Adjunct Professor, the Chairman of Tianfeng Securities International (Hong Kong)
洪伟力博士
Dr David Hong
客座教授，国内PE/VC母基金领域领军人物，原华人文化控股集团总裁，原歌斐资产管理合伙人
胡一帆博士
Dr Yifan Hu
客座副教授，瑞银董事总经理，瑞银财富管理亚太区投资总监及宏观经济主管
苏日娜女士
Ms Rina Su
客座副教授，波士顿咨询公司(BCG)董事总经理，全球合伙人 BCG能源专项中国区联席负责人
房凯先生
Mr Kai Fang
客座副教授，建银国际投资银行部董事总经理
黄冰洁女士
Ms Emily Huang
客座副教授，野村国际董事总经理，国际财富管理大中华团队主管
何浩先生
Mr Elvis He
客座副教授，精神与金融超级链接人，原瑞银证券（UBS）中国TMT主管、董事总经理，原中信里昂证券TMT主管，董事总经理
陈昌濠先生
Mr Changhao Chen
瑞银投资银行部董事总经理、瑞银投资银行部中国金融机构组主管
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 (2024-2025 Cohort) 468,000 HKD (2025-2026 Cohort) 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 to practise the idea of "lifelong learning" and achieve higher career goals, institute has set up the "Lifelong Learning Scholarship" (HK$30,000 per eligible alumnus). The alumni who continue to strive for excellence will be supported to pursue further studies. | |