BWC Financial Education Center Grand Opening
Taken the advantage of CEPA policy, foreign banks are opening branch offices in Foshan City, Guangdong Province. However, most local talents are lack of practical experience in integration with international financial standard to cope with the requirement. In view of the progressive demand for international financial professionals, BWC Financial Group approached and worked with the Government authorities to get a financial education license. After several years of preparation and planning, BWC Financial Group got the license on November 24, 2010 and set up the first financial education centre wholly owned by foreign enterprise in Foshan.
With the aids of multi-media tools to make it more interesting, the courses held by BWC Financial Education Center focus mainly on teaching international financial knowledge and enhancing practical application. Such way is very different from those of local traditional mainstream education institutions. The Financial Education Board would oversee and monitor the content of core courses. It would also design and review new and additional materials. Experienced and senior practitioner of Hong Kong financial sector, university professors and analysts from international banks were appointed as trainers. Discussions are processing with 4-5 financial institutions on various staff training courses. In addition, the cooperation with Education Bureau is established with the assistance of local Government authorities and trainers are delegated to deliver lectures at local high school and university.
BWC Financial Group Chief Executive Officer Mr. Edmond Chow estimates that there will be 6,000 mainland students graduated each year. As financial markets in Beijing and Shanghai are yet to be opened, the primary development goal is the provincial market. The size and number of centers would be developing with the rapidly growing demand accordingly. The courses are divided into three categories: Elementary courses provide basic financial knowledge while advanced courses would include investment psychology and risk management of financial institutions. Condensed courses explore investment markets and products with those working in the financial market. The course fees range from thousands to 20 thousands at an average of about $5,000 each. In addition, students would be awarded with certificates after completing the respective courses. The financial education center will also arrange students to enroll for financial professional examinations, such as the Hong Kong Securities and Futures Intermediaries Qualifying Examination, which paved the way for future career development and promotion.