Corporate Finance Certificate: training and certification for corporate finance practitioners in China
Corporate finance consultants (CFCs) are professionals in commercial banks, security brokerage firms, insurance companies, trust firms, asset management companies and other financial institutions who offer financial services such as financial planning, investment management, capital structure management, financial risk management and financial consultation to enterprises.
The CFC training & certification system is an international financial certification system accredited by the International Capital Market Association (ICMA) together with the ICMA Centre, University of Reading. CFC was introduced to China in 2009 by the National Development and Reform Commission (NDRC) with the support of the China-UK Economic and Financial Dialogue and State Bureau of Foreign Experts Affairs special fund.
The CFC training & certification system includes three tiers of certification: Corporate Finance Comprehensive Consultant (CFCC), Corporate Finance Consultant (CFC) and Corporate Finance Specialist (CFS). The programme is run in Mandarin and is available in China through the Beijing Oriental JingRong Education Tech. Co.Ltd. (BOJC), which is closely affiliated with the training centre of the NDRC. English version certificates are issued by ICMA and the University of Reading.
Students of the Corporate Finance Comprehensive Consultant (CFCC) are required to take five thematic courses and one practical course, totaling 48 hours of study. Thematic courses include: Macroeconomics, Industry Analysis and Corporate Financial Business; Corporate Financial Analysis; Corporate Tax Planning; Corporate Financial Risk Management; Corporate Investment and Financing Planning (Integrated); Corporate Financial Consulting and Marketing Practice.
Students of the Corporate Finance Consultant (CFC) are required to take 15 courses totalling 48 hours of study, including:
- Introductory Theory: Corporate Finance Consultant and Comprehensive Service of Financial Institutions;
- Macroeconomics and Industrial Trends Analysis;
- Corporate Financial Analysis;
- Corporate Tax Planning;
- Corporate Risk Management and Hedging Instruments Application;
- Corporate Life Cycle and Financing Planning;
- Corporate Financing Choice between Listing on Chinese and Overseas Stock Market and Comparative Advantage Analysis;
- Corporate Financing Choice between Bond Financing on Chinese and Overseas Market and Cost Analysis;
- Corporate Financing Cost and Financing Decisions;
- Financial Market and Financial Instruments;
- Portfolio Management and Investment Methodology;
- Corporate Valuation;
- Merger & Acquisition, Restructuring;
- Corporate Cash Management and Investment Decisions;
- Comprehensive Case Analysis.
A textbook especially for the Chinese CFC training project, "Corporate Finance Consultant Series" has been published, alongside an online training & certification system.
By the end of 2020, more than 15,000 trainees had taken part in CFC training and 9,000 of them were approved as CFC certificate holders.
Click here to see lists of the CFC certificate holders.
Visit our official website http://www.cfcedu.org.cn/ for more details.
About Beijing Oriental JingRong Education Tech. Co.Ltd. (BOJC)
Beijing Oriental JingRong Education Tech. Co.Ltd. (BOJC), securities code: 837052, is the exclusive authorized training institution of ICMA in mainland China. BOJC has been organizing CFC projects for financial institutions in the past years. BOJC was formerly the corporate finance consultant (CFC) international cooperation project executive company of the training center of the NDRC. Closely cooperating with ICMA and the University of Reading, BOJC undertook training, research and development in the field of corporate finance, accumulating extensive experience in CFC training.
About NDRCTC (Training Center of the China National Development and Reform Commission)
ICMA works in co-operation with the Training Center of the NDRC in accrediting the Corporate Finance Consultant Certificate (CFC) Programme, an international professional qualification in the specialised field of corporate finance. It is based not only on research on how to help enterprise financing, investment and risk management issues by experts both in China and abroad, but also on the financial needs of Chinese based enterprises, especially SMEs. To date, almost 4,000 delegates have successfully achieved the CFC qualification.