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Accounting & Finance FinTech and Financial Analytics

Certificate for Module (Stochastic Processes and Financial Analytics)
證書(單元 : 隨機過程與金融分析)

Course Code
FN169A
Application Code
2375-FN169A
Credit
6
Study mode
Part-time
Start Date
02 Mar 2026 (Mon)
Next intake(s)
May 2026
Duration
30 hours
Language
English
Course Fee
Course Fee: HK$10,800 per programme (* course fees are subject to change without prior notice)
Deadline on 16 Feb 2026 (Mon)
Enquiries
2867 8331 / 2867 8424
2861 0278
Apply Now

Accept new applications for Mar 26 intake! There will be practical classes in the computer laboratory.

Highlights

The programme provides a contemporary foundation in stochastic processes and financial analytics. Students will master essential concepts in probability, statistics, stochastic processes, and financial modelling, and learn to apply computational tools and software and numerical methods for pricing assets and derivatives.

Programme Details

On completion of the programme, students should be able to

  1. critically examine probability theories and stochastic processes;
  2. apply statistical methods to analyse time series data and build financial models;
  3. utilise computational tools and software to perform mathematical and statistical analyses, as well as financial analytics; and
  4. discuss numerical methods for financial valuation and pricing, interest rate models, portfolio optimisation and investment decision-making.
Application Code 2375-FN169A Apply Online Now
Apply Online Now

Days / Time
  • Saturday, 1:00pm - 6:00pm
Duration
  • 30 hours per programme
Venue
  • Hong Kong Island Learning Centre
  • Kowloon West Campus
  • Kowloon East Campus

Modules

Course Content :

(1) Foundational probability and statistical computing

  • Introduction to computational tools and software for statistical analysis
  • Probability theories
  • Moments and dependence
  • Essential distributions in finance
  • Conditional expectation and limit theorems

(2) Discrete-time stochastic processes and time series analysis

  • Overview of contemporary stochastic processes
  • Martingales
  • Markov chains
  • Time series analysis and autoregressive integrated moving average (ARIMA) models
  • Modelling multivariate dynamics
  • Regime-switching models

(3) Continuous-time stochastic processes and financial modelling

  • Introduction to computational tools and software for mathematical analysis
  • Random walks and Wiener processes
  • Stochastic integration
  • Itô Integral
  • Stochastic differential equations (SDEs) and stock price modelling
  • Mean-reverting processes: Ornstein-Uhlenbeck processes and their financial applications
  • Diffusion processes: Fokker-Planck and Kolmogorov backward equations

(4) Asset pricing and financial analytics

  • Generative artificial intelligence and machine learning in financial analytics
  • Binomial option pricing model and risk-neutral valuation
  • Black-Scholes-Merton model and option pricing
  • Fundamental theorem of asset pricing
  • Numerical methods for pricing: Monte Carlo simulation and finite difference methods
  • Advanced asset price models: jump-diffusion processes, stochastic volatility models, Lévy processes
  • Term structure models of interest rates: Vasicek model and Cox-Ingersoll-Ross (CIR) model
  • Portfolio optimisation under uncertainty
  • Credit risk modelling
  • Financial analytics and investment decision-making

Assessment method: In-class Exercise + Group Project Presentation

 

Award

Upon successful completion of the programme, students who have passed the assessments with attendance no less than 70% will be awarded within the HKU system through HKU SPACE a "Certificate for Module (Stochastic Processes and Financial Analytics)".

Class Details

Timetable

Lecture Date Time
1 7 Mar 26 (Sat) 13:00-18:00
2 14 Mar 26 (Sat) 13:00-18:00
3 21 Mar 26 (Sat) 13:00-18:00
4 28 Mar 26 (Sat) 13:00-18:00
5 11 Apr 26 (Sat) 13:00-18:00
6 18 Apr 26 (Sat) 13:00-18:00

Remarks: Tentative timetable is subject to change, and course commencement is subject to sufficient enrollment numbers 

Teacher Information

Mr Gary Chong

Background

Gary has been a seasoned professional in Hong Kong’s financial ecosystem since 2008, focusing on the banks’ supervision.  His role involves assessing capital adequacy frameworks, validating internal risk models (IRB), and ensuring regulatory compliance in credit risk modelling.  As a key representative in the Basel Committee’s stress-testing and banking book task force group, he functions like a regulatory “enzyme”, facilitating international financial stability.  Beyond his core role, Gary serves as a lecturer on risk management at CUHK.  Gary is also a columnist, analysing economic trends with evolutionary insight.

Previously, he developed IRB models in global banks, acting as a “genetic engineer” of financial risk framework.  He holds an MPhil in Economics and a BSc in Statistics.

Fee

Application Fee

HK$150

Course Fee
  • Course Fee: HK$10,800 per programme (* course fees are subject to change without prior notice)

Entry Requirements

Applicants should hold an Advanced Diploma, Higher Diploma or Associate Degree awarded by a recognised institution where the language of teaching and assessment is English. Those with a background in business, accounting, finance, economics, mathematics, statistics, science, engineering, IT or computer science would have an advantage.

Applicants with other equivalent qualifications will be considered on individual merit.

**Please upload copy of HKID and proof of degree while applying online

Apply

Online Application Apply Now

Application Form Download Application Form

Enrolment Method
Payment Method
1. Cash, EPS, WeChat Pay Or Alipay

Course fees can be paid by cash, EPS, WeChat Pay or Alipay at any HKU SPACE Enrolment Centres.

2. Cheque Or Bank draft

Course fees can also be paid by crossed cheque or bank draft made payable to “HKU SPACE”. Please specify the programme title(s) for application and applicant’s name. You may either:

  • bring the completed form(s), together with the appropriate course or application fees in the form of a cheque, and any required supporting documents to any of the HKU SPACE enrolment centres;
  • or mail the above documents to any of the HKU SPACE Enrolment Centres, specifying “Course Application” on the envelope. HKU SPACE will not be responsible for any loss of personal information and payment sent by mail.
3. VISA/Mastercard

Applicants may also pay the course fee by VISA or Mastercard, including the “HKU SPACE Mastercard”, at any HKU SPACE enrolment centres. Holders of the HKU SPACE Mastercard can enjoy a 10-month interest-free instalment period for courses with a tuition fee worth a minimum of HK$2,000; however, the course applicant must also be the cardholder himself/herself. For enquiries, please contact our staff at any enrolment centres.

4. Online Payment

Online application / enrolment is offered for most open admission courses (enrolled on first come, first served basis) and selected award-bearing programmes. Application fees and course fees of these programmes/courses can be settled by using "PPS by Internet" (not available via mobile phones), VISA or Mastercard. In addition to the aforesaid online payment channels, new and continuing students of award-bearing programmes with available online service, they may also pay their course fees by Online WeChat Pay, Online Alipay or Faster Payment System (FPS). Please refer to Enrolment Methods - Online Enrolment  for details.

Notes

  • If the programme/course is starting within five working days, application by post is not recommended to avoid any delays. Applicants are advised to enrol in person at HKU SPACE Enrolment Centres and avoid making cheque payment under this circumstance.

  • Fees paid are not refundable except under very exceptional circumstances (e.g. course cancellation due to insufficient enrolment), subject to the School’s discretion. In exceptional cases where a refund is approved, fees paid by cash, EPS, WeChat Pay, Alipay, cheque, FPS or PPS by Internet will be reimbursed by a cheque, and fees paid by credit card will be reimbursed to the credit card account used for payment. 

  • In addition to the published fees, there may be additional costs associated with individual programmes. Please refer to the relevant course brochures or direct any enquiries to the relevant programme team for details.
  • Fees and places on courses cannot be transferrable from one applicant to another. Once accepted onto a course, the student may not change to another course without approval from HKU SPACE. A processing fee of HK$120 will be levied on each approved transfer.
  • HKU SPACE will not be responsible for any loss of payment, receipt, or personal information sent by mail.
  • For payment certification, please submit a completed form, a sufficiently stamped and self-addressed envelope, and a crossed cheque for HK$30 per copy made payable to “HKU SPACE” to any of our enrolment centres.
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