• Hong Kong Institute of Investors
  
• Hong Kong Management Association

Aims and Objectives
The course is designed to provide students with the overview of legal and regulatory framework for securities and futures industry in Hong Kong and the basic financial practice through which, students can have a thorough understanding of the laws and regulations that govern the Hong Kong securities and futures markets as well as how to practically apply the financial knowledge in the real financial market. The course structure is in line with the syllabus of licensing examination for Securities and Futures Intermediaries required by the Securities and Futures Commission (SFC).

Mode of Delivery
The course will be conducted by experienced market practitioners. To help students mastering the skill for examination, the course will focus on exercises, sample examination questions and mock examinations, supplemented with the study manuals and reference materials provided and recommended by the lecturers apart from face to face lectures.

Medium of Instruction
Cantonese supplemented by English lecture notes

Duration
Total 30 hours

Tuition Fee
HKII and HKMA member : HK$3,400 (including Study Manual for Paper 1)
Non HKII and HKMA member: HK$3,600 (including Study Manual for Paper 1)
【Students are entitled to have a reimbursement of 80% (total HK$2,720 for members / HK$2,880 for non members) of the tuition fee under Continuing Education Fund (CEF) scheme providing that the students fulfill the requirements of being qualified CEF applicants and successfully complete the Course, i.e. the tuition fee is onlyHK$680 for members / HK$720 for non members.】


Course Commencement

Class 1 : CB-20145-2003-1-P (30 hrs)

Saturday, 2:00 - 6:00 pm
15 Nov 03, 22 Nov 03, 29 Nov 03, 6 Dec 03

Saturday, 2:30 - 6:00 pm
13 Dec 03, 20 Dec 03, 27 Dec 03, 3 Jan 04

Venue : Shop 2, G/ F, Pico Tower, 66 Gloucester Road, Wanchai, Hong Kong

Class 2 : CB-20145-2003-2-W (30 hrs)

Tuesday and Thursday, 7:00 - 10:00 pm
11 Nov 03, 13 Nov 03, 18 Nov 03, 20 Nov 03, 25 Nov 03, 27 Nov 03;

2 Dec 03, 4 Dec 03, 9 Dec 03, 11 Dec 03

Venue : 3/F, Management House, 26 Canal Road West, Wanchai, Hong Kong

Qualification Award
Certificate in Financial Practice will be jointly granted by the Hong Kong Institute of Investors and Hong Kong Management Association

Course Outline

Part I : Fundamentals of Securities and Futures Regulation (Cover SFC Licensing Examination for Paper 1) - 24 hours

• Overview of Legal and Regulatory Framework for Securities and Futures Industry
  
• Principles of relevant Hong Kong Law and the Companies Ordinance
  
• Licensing and Subsidiary Legislation
  
• Conduct of Business
  
• Practices and Operations of Business
  
• Securities, Options and Futures
  
• Market Misconduct, Improper Trading Practices and Compliance
  
• Other SFC Regulated Activities
  
  

Part II : Practical Use in Financial Market and Securities Investment (Focus on SFC Licensing Examinations for Papers 7 & 8) - 6 hours

A. Financial Markets (Paper 7) - 3 hours

• Overview of the global and Hong Kong financial systems
  
• Equity market
  
• Debt market
  
• Foreign exchange market
  
• Derivatives market
  
• Financial analysis and risk management
  
• Investment advice and planning
  
• Applications in the financial sector

B. Securities (Paper 8) - 3 hours

• Overview of securities investments
  
• The primary and secondary markets of Stock Exchange of Hong Kong
  
• Types of securities
  
• Stock market administration
  
• Securities analysis and valuation
  
• Trading practices
  
• Portfolio diversification
  
• Market efficiency
  
• Factors affecting securities prices

Assessment
Course work (*) 40%
Final Examination 60%
Totally 100%

* Course work includes two assignments and each carrying 20% of overall assessment mark.

Course Completion Requirement
For the passing criteria, the students should obtain 40 percent in assessment and achieve 70 percent in the attendance rate. If students fail in assessment, they can re-take the examination on the condition that they have achieved 70 percent in attendance rate.

Admission Requirement
Students who are pursing the business or finance related degree in local or overseas universities

Enrolment Methods
Attend the Enquiry & Briefing Session (please read below) and bring along the cheque or credit card or EPS to pay the full tuition fee in advance and complete the procedures of applying CEF during the Session.

Enquiry
Hong Kong Institute of Investors (HKII) Tel: 2392 8466 ......Email : editor@hkii.org

____________________________________________________________________________

Enquiry & Briefing Session (Certificate in Financial Practice)

- Brief you the procedures of completing the application form and applying CEF

- Don't miss the chance by completing the reply slip below to reserve a seat and send it back to Hong Kong Institute of Investors by fax : 2392 4566 / 2111 0286 or email : editor@hkii.org before 23 October 2003.

Speaker : Mr. Ricky Tam, Chairman of the Hong Kong Institute of Investors

Date : 25 October 2003 (Saturday)

Time : 2:30 p.m.

Venue : Hong Kong Management Association
14/F, Fairmont House, 8 Cotton Tree Drive, Central, Hong Kong
________________________________________________________________

Reply Slip for Enquiry & Briefing Session (Fax : 2111 0286)

Name: (Mr. / Ms.) _____________________________________________________

Membership No. _______________ Year / Graduated_______________________

University ____________________ Major : _______________________________

Email:_______________________ Fax :_________________________________

Mobile:______________________ Seat(s) Reserved: _______________________

___________________________________________________________________