This Postgraduate Diploma is one of the most comprehensive courses offered by HKU SPACE in Investment Management. It is designed to follow the CFA syllabus and to focus on the current market trends and regulatory progression. This programme attracts a diverse group of students with background from finance, engineering, technology, business, management, government. Tutors are all market practitioners. 

The Postgraduate Diploma in Investment Management programme covers in details a wide range of financial investment concepts. It has a rigorous syllabus. Students will learn the theories that underlie investment decisions, as well as practical real world case studies; Students will also learn how to apply the knowledge and techniques used by market professionals.  Students with quantatative background will be able to learn the financial theories and concepts much easier in this programme.

 

Highlights of programme (30 secs):

Graduates of this programme  have satisfied the Institute of Financial Technologist of Asia (IFTA) requirements for qualification and will be admitted to the CFT programme for the exemption of finance modules (1-3) of Level 1.

 

Modules
1.	Analytical Tools for Investment Management
2.	Financial Management
3.	Debt Investments
4.	Equity and Alternative Investments
5.	Derivative Investments
6.	Portfolio Management

*Please contact programme team for detailed course structure

 

Application Code	2165-FN018A	-

Days / Time

• Mon - Sat, -

Venue

• United Learning Centre
• Admiralty Learning Centre
• Fortress Tower Learning Centre
• HKU SPACE Po Leung Kuk Stanley Ho Community College (HPSHCC) Campus
• Island East Campus

1. Analytical Tools for Investment Management

This module combines Quantitative Methods and Macroeconomics, two basic subject areas that students must master to pursue more in-depth study of investment topics. Quantitative Methods will cover time value of money, discounted cash flow analysis, probability and statistical concepts, regression analysis and time series. Macroeconomics will cover measurement of GDP and inflation, aggregate demand and supply, Keynesian and Monetary policy and exchange rate determination.

2. Financial Management 

This module combines Corporate Finance and Financial Statement Analysis. Corporate Finance topics include capital budgeting and cost of capital, capital structure, dividend policy, warrants and convertibles, mergers and acquisition and corporate governance. Financial Statement Analysis teaches the analysis of financial statements from a user's perspective and includes detailed coverage of major items on the income statement, balance sheet and statement of cash flows. Current topics in accounting are also included.

3. Debt Investments 

This module covers the analysis of various categories of fixed income instruments including bond investments with various embedded options, mortgage-backed securities, asset-backed securities and interest rate derivatives. Strategies for managing a fixed income portfolio will also be discussed.

4. Equity and Alternative Investments

This module introduces the most commonly used methods of valuing equities including the discounted dividend valuation approach, free cash flow approach, residual income valuation and the use of price multiples. Alternative investments such as real estate investments, private equity, venture capital and hedge funds will also be taught in this module.

5. Derivative Investments

This module exposes students to the full range of derivative instruments such as forwards, futures, options and swaps. These instruments are analyzed with respect to various underlying assets such as equity, foreign exchange, interest rates, stock indexes and commodities.

6. Portfolio Management 

This module provides an in-depth study of the two major portfolio theories – the Capital Asset Pricing Model and Arbitrage Pricing Theory. In addition, many current topics in portfolio management will also be covered. These include but are not limited to behavioural finance, strategies for managing personal versus institutional portfolios, ways of rebalancing the investment portfolio, equity indexing, performance measurement and selection of fund managers.

Tutors:

Dr. Zenki Kwan, FRM, CAIA, CB, is the investment director of a listed company and a family office in Hong Kong, responsible for investment strategy and portfolio management across equities, fixed income, currency, funds and structured products. He has previously worked in J.P. Morgan, UBS, McKinsey and Samsung Securities. In addition to his doctoral degree, Dr. Kwan also holds Master of Finance and Master of Applied Business Research degrees, and completed executive education programs at Harvard Law School and Oxford University Saïd Business School, respectively.

Ms. Isa Kwok is a Chartered Management Accountant with over 20 years of post qualification experience in financial, management accounting & tax planning areas. She had substantial financial analysis & management experiences and held management positions in listed/sizeable organizations & government department. She also has 10 years teaching experiences in accounting & management courses in various local tertiary institutions.

Mr. Isaac Lo is currently an investment manager for a Chinese-based fund management firm in Hong Kong. He has more than 20 years of experience in the financial industry. He is also a CFA charterholder. Deep in his heart, he is a Big Data enthusiast. Currently, he is leading Big Data effort in his firm's Hong Kong office. He is a graduate of the Northwestern University's Master of Analytics program, one of the premier master’s program in Big Data. His past projects include improving DVD rental performance for the largest DVD rental kiosks company in the US, creating new credit card default model based on more than 2,000 factors.

Dr. Lai Man-Kit, CFA, is currently a professional trainer at Executive Training and Management Consultancy as well as a visiting scholar at HKUST.  Dr. Lai has extensive knowledge in teaching adult continuing education. He was also an Assistant Professor at City University from 1994-2000.

Mr. Andy Fung is an experienced educator. For almost 20 years, he has been teaching extensively in various programs and in tertiary institutions such as School of Continuing and Professional Studies, The Chinese University of Hong Kong and The Hong Kong Community College.  Prior to joining the teaching profession, Mr. Fung had been working in the business sector for more than 10 years. His job exposure relates to banking, manufacturing and high technology industry. His last position was Finance Manager of Motorola (HK).  Mr. Fung obtained his BSBA degree at The Ohio State University and MBA degree at the University of Illinois, Urbana.

 

2025 January Intake Class Schedule

Module	Weekday	Start Date
Financial Management	Tue	7 Jan 2025
Debt Investments	Mon	17 Feb 2025

Detailed Timetable: 2025 Jan Class Schedule

2024 November Class Schedule

Module	Weekday	Start Date
Derivative Investments	Thur	1 Nov 2024

Detailed Timetable: 2024 November Class Schedule

 

Application Fee

HK$150 (Non-refundable)

Course Fee

• Course Fee: $8200 per module (* course fees are subject to change without prior notice)

Applicants shall hold a bachelor’s degree awarded by a recognized institution. 

If the degree or equivalent qualification is from an institution where the language of teaching and assessment is not English, applicants shall provide evidence of English proficiency, such as: 

1. an overall band of 6.0 or above with no subtests lower than 5.5 in the IELTS; or
2. a score of 550 or above in the paper-based TOEFL, or a score of 213 or above in the computer-based TOEFL, or a score of 80 or above in the internet-based TOEFL; or 
3. HKALE Use of English at Grade E or above; or
4. HKDSE Examination English Language at Level 3 or above; or
5. equivalent qualifications. 

Applicants with other qualifications will be considered on individual merit.

• The CEF Institution Code of HKU SPACE is 100

CEF Courses
Analytical Tools for Investment Management (Module from Postgraduate Diploma in Investment Management)
COURSE CODE 33Z120082	FEES $8,000	ENQUIRY 2867-8476
Financial Management (Module from Postgraduate Diploma in Investment Management)
COURSE CODE 33Z120090	FEES $8,000	ENQUIRY 2867-8476
Debt Investments (Module from Postgraduate Diploma in Investment Management)
COURSE CODE 33Z120104	FEES $8,000	ENQUIRY 2867-8476
Equity and Alternative Investments (Module from Postgraduate Diploma in Investment Management)
COURSE CODE 33Z120112	FEES $8,000	ENQUIRY 2867-8476
Derivative Investments (Module from Postgraduate Diploma in Investment Management)
COURSE CODE 33Z120120	FEES $8,000	ENQUIRY 2867-8476
Portfolio Management (Module from Postgraduate Diploma in Investment Management)
COURSE CODE 33Z120139	FEES $8,000	ENQUIRY 2867-8476

Continuing Education Fund

• The CEF Institution Code of HKU SPACE is 100

	Continuing Education Fund Reimbursable Course (selected modules only) Some modules of this course have been included in the list of reimbursable courses under the Continuing Education Fund.
	Postgraduate Diploma in Investment Management This course is recognised under the Qualifications Framework (QF Level [6])

Application Form Application Form

Enrolment Method

Applicants should fill in the application form and submit it in person to one of the HKU SPACE enrolment centres.  Applicants should include a non-refundable application fee of HK$150 to cover the cost of processing (Cheques should be crossed and made payable to HKU SPACE”). Please also bring photostat copies of your ID card and relevant transcripts and certificates. Original certificates and transcripts must also be brought to one of the HKU SPACE enrolment centres for certification.

Payment Method