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This Postgraduate Diploma Programme in Global Finance (PDGF) targets banking and financial service professionals who seek to advance to executive positions. The Programme explores the challenges and opportunities opened up by the current financial tsunami and trains students to apply financial and management theories to real-world problems.
Unique Features
- Quality Teaching–PDGF is primarily taught by senior faculty members from our highly-ranked MBA/EMBA programmes. We also invite guest lecturers from the financial sector.
- Seamless Transition to our Prestigious OneMBA—Our OneMBA, Global Executive MBA exempts PDGF graduates from 3 out of the 10 required courses. Those participants taking this PDGF/OneMBA path would enjoy a substantial discount (over $70,000) if they enroll in the OneMBA programme. The cross-credit arrangement allows students to acquire dual awards in 21 months*.
- Modular Lectures—Tailored modules from Fridays to Mondays every 3 months.
- Guided Action Learning Project
- Competitive Tuition—HK$50,000
* The discount depends on the fees set by the University, which can be adjusted. The fast track option requires students’ concurrent enrolment in both the PDGF and OneMBA programmes. Interested candidates should seek prior approval from APIB before applying for OneMBA.
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Message from the Dean, Faculty of Business Administration
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T J Wong, PhD (UCLA)
Professor of Accountancy
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For over 40 years, our Faculty of Business Administration has been a pioneer and leader in management education in the region. We have nurtured more than 20,000 business professionals who are now successful business leaders and entrepreneurs, holding prominent management positions in local and overseas corporations. An uncompromising insistence on quality and innovation continues to strengthen our status as the leading business school in Asia. We continually push the frontiers of research and scholarship. These efforts have received international recognition. Our EMBA Programme was ranked No. 11 and our OneMBA, Global Executive MBA No. 27 by Financial Times. We cultivate students from our experience and our academic strengths, and this Postgraduate Diploma in Global Finance is no exception. Let me welcome you to this challenging yet rewarding opportunity. |
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Message from Programme Director and Executive Director, APIB
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Leslie Young, D. Phil. (Oxon)
Professor of Finance
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The Asia-Pacific Institute of Business (APIB) is positioned as the premier provider of executive education in Hong Kong. The current financial turmoil has stressed financial systems around the world. Innovative instruments have detrimentally transferred the risks of US financial giants to international financial markets. To help practitioners meet these challenges, APIB has assembled a consortium of senior academics and seasoned professionals to teach this Postgraduate Diploma in Global Finance. We do not offer standard solutions to the crisis; we develop students’ critical thinking and systematic reflection on their working institutions. We are committed to ensuring that this programme meets the high standards that you expect as a responsible financial executive. |
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Objectives
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PDGF aims to:
- enhance students’ understanding of the macroeconomic and industry trends that drive the business of different financial institutions;
- develop students’ critical analyses of the core businesses, positioning, strengths and weaknesses of financial institutions; and
- practise students’ management skills of strategic thinking, influencing people, cross cultural collaboration, and networking.
Graduates are expected to become a professional rounded in banking knowledge and skills.
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Programme Structure
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Students are required to complete 16 units as follows:
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| * Students may be given an option to substitute modules from other graduate courses taught at CUHK to meet the 3-unit requirement. These courses may be held on weeknights or Saturday evenings over 13 to 14 consecutive weeks. |
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Exemption Policy
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In general, course exemption will not be granted unless the student has taken a course elsewhere in the past 3 years that is comparable in scope and standard to the PDGF course and has achieved a grade of A- or above. Courses that are exempted will not count in the cumulative GPA but will appear on transcripts as the total number of units recognized for transfer. In no case will student’s normative period of study be shortened or tuition fee be reduced.
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Teachers
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Some teachers who may contribute to intake 2009-2010 are as follows:
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Medium and Method of Instruction
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The medium of instruction is English. Lectures, seminars, case studies, and presentations will be used throughout the programme. |
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Duration
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The whole programme normally lasts for 15 months. Classes will be arranged from Fridays to Mondays every 3 to 4 months. In most cases, classes are held from 9 a.m. to 1 p.m., and from 2 p.m. to 6 p.m. every day. Students will receive a Programme Timetable after admission. |
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Tuition Fees
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The tuition fee for the academic year 2009-2010 is HK$50,000, which must be paid before the deadline that is stated on the official notice of admission. The fee covers the costs of instruction, access to university libraries, and the campus network, but excludes the cost of textbooks. |
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Admission
Requirements
Enrolment in this program is limited, so entry is highly competitive. Candidates must have:
- Graduated from a recognized university with at least a Bachelor’s degree
- Demonstrated English proficiency in one of the following ways:
- A pass grade in English in Hong Kong Advanced Level Exam (AS Level) / Hong Kong Higher Level Exam / CUHK Matriculation Exam
- A degree from a university in Hong Kong or an English speaking country
- Acceptable scores for TOEFL / GMAT (Verbal) / College English Test (CET) of PRC / IELTS (please submit scores for APIB assessment)
- A recognized professional qualification awarded in Hong Kong or an English speaking country.
- Work experience in the finance industry is preferred.
Applicants will normally be selected for enrolment based on (i) work experience; (ii) academic achievements/professional qualifications; and (iii) letters of recommendation. Under special circumstances, applicants may be invited to attend an interview on campus with advance notice.
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Admission Procedure
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We are inviting applications for the academic year 2009-2010. Candidates can apply online or on a paper form obtainable from Graduate School or APIB. The closing date for the 2009-2010 intake is August 15, 2009.
In addition to the materials specified in the Notes for Applicants on the online application page and on the paper form, APIB requires the following specific materials:
- 1 recent photograph in size of 1.5 X 2 inches;
- A copy of testimonial or other evidence of your current and past working experience and job responsibilities; and
- A one-page essay on your motivation for enrolment, your academic / career plans and potential contribution to the programme.
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Grading
and Graduation Requirements
Students shall be evaluated mainly on the basis of their performance in course examinations and assignments. Other modes of evaluation may be chosen by individual instructors. The grading system is as follows:
| Letter Grade |
Grade Points |
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| A |
4.0 |
Excellent |
| A- |
3.7 |
Very Good |
| B+ |
3.3 |
Good |
| B |
3.0 |
| B- |
2.7 |
| C+ |
2.3 |
Pass |
| C |
2.0 |
| C- |
1.7 |
| D |
1.0 |
Failure |
| F |
0.0 |
Bad Failure |
To be awarded
the Postgraduate Diploma in Global Finance, participants must:
- have achieved a cumulative
grade-point average of at least 2.0 (C);
- have submitted all required essays and group projects;
- have passed all examinations; and
- have attended at least 80% of the lectures.
Student IT Proficiency Requirement
All students are required to pass the IT Proficiency Test before they graduate. Students may choose to attend an intensive course before sitting the test. Students who do not pass the test at the first attempt can attend the intensive course again and retake the test. They will be barred from graduation if they do not pass the test. Students who have passed the International Computer Driving Assessment may apply for exemption from the IT Proficiency Test. Tests will be graded Pass/Fail and multiple attempts are allowed. Upon graduation, the transcript will show ‘IT Proficiency Passed’.
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Routes of Articulation
Credit for PDGF coursework may be recognized by other Faculty graduate-level degree programmes subject to students’ satisfactory performance and the approval of the Programme Director(s).
Route 1: Advancement to OneMBA, Global Executive MBA 1
Postgraduate Diploma in Global Finance
(15 months)
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PDGF graduates who proceed to the OneMBA, Global Executive MBA Programme can enrol in either the General Stream or the Management of Financial Institutions Stream and would be exempted from the following courses:
| General Stream | | Management of Financial Institutions Stream |
| ACY5012 Accounting | | FIN6220 Financial Markets and Instruments |
| DSE5210 Strategic Information Systems | | FIN6030 Management of Financial Institutions |
| DSE5012 Macroeconomics for Business Executives | | FIN6240 Advanced Management of Financial Institutions |
Route 2: Concurrent Enrollment in both PDGF and OneMBA
Students can complete both PDGF and OneMBA simultaneously within 21 months. Interested candidates should seek prior approval from APIB before they apply for the OneMBA. This route requires students to take FIN6220, FIN6030, and FIN6240 (instead of taking ACY5012, DSE5210, and DSE5012) which are the compulsory courses in PDGF.
Route 3: Advancement to other CUHK Masters programmes
PDGF graduates advancing to other CUHK masters programmes may be granted exemptions based on their satisfactory completion of relevant PDGF courses. Candidates are advised to approach the offering departments of masters programmes which may have different unit exemption policies.
1Applicants wishing to be admitted to OneMBA are normally required to have at least seven years of work experience, five years of which should be in a management position. Admission to OneMBA is competitive and places are not guaranteed.
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Enquiry
Miss Sharon Wu / Mr. Jeremy Cheng
The Asia-Pacific Institute of Business
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Course Description
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FIN6030 Management of Financial Institutions (3 Units)
The purpose of this course is to explore strategies in managing financial institutions in this challenging period. The financial and environmental problems in the acquisition and uses of funds, and the risk/return trade-off, for financial institutions are key issues. The course emphasizes the fundamental principles underlying organizational structure and the management of depositary institutions. Topics include interest rate risk and management; liquidity, credit and capital risk and management; asset/liability management techniques; and other major policy areas.
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FIN6121 Seminar in Global Financial Systems and Corporate Governance (3 Units)
To explain the economic basis for financial systems and the corporate form of business organization and how they operate in various cultural and legal environments around the world.
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FIN6220 Financial Markets and Instruments (3 Units)
Financial markets play a pivotal and central role in the formation of investment capital and, therefore, societal wealth. This function, in addition to many others, is explored in this course. Attention will also focus on the forms and structures of financial markets (i.e., equity, debt, derivatives, gold and foreign exchange markets) both locally and internationally. Within this brief, detailed consideration is also given to the various institutions participating in the markets and to the form and functions of instruments quoted.
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FIN6240 Advanced Management of Financial Institutions (3 Units)
This course is intended for students who wish to have an in-depth understanding of issues facing financial institution managers and how these issues are resolved. The course will include an analysis of the major global trends in the financial services industry and how specific banks in financial centers adjust to these trends. The course will cover risk management such as liquidity risk, credit risk, operational risk, sovereign risk and insolvency risk. The rules for Basel II will be discussed to enable students to understand how financial institutions comply for capital adequacy. The course will also require students to analyze and present their credit decisions regarding hypothetical loans to actual corporations based on current financial data and market and industry conditions. Finally, the course will use case studies to examine mergers and acquisitions in the financial services industry and raise questions concerning the pros and cons of universal banking. Throughout the course, actual bank financial statements and annual report data will be extensively used. Students will be expected to actively participate in the classroom sessions through individual and group presentations.
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MGT6140 Strategic Management (3 Units)
Encountering an increasingly competitive business environment, how managers interpreting and responding to it is crucial to the success of a business. This course is designed to provide students with a concept of competition and an understanding of the role of managers in the process of strategy formulation, implementation, and evaluation. Major topics include organizational mission, analysis of business environment, strategic planning, formulation and implementation of strategies at both business and corporate level, strategic change, and strategic evaluation and control. Cases, in-depth readings, and contemporary issues will be discussed in the class.
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GLF5001 Action Learning Project (1 Unit)
Students form Action Learning Groups. Each group identifies a strategic issue in consultation with the top management of a sponsoring financial institution. They collect information and work on the projects throughout the programme, remaining in contact with sponsors and CUHK supervisors. They submit an essay on the issue and make a presentation to the sponsor and to CUHK professors.
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