IFPHK and FPSB China Sign Cross-Border Collaborative Agreement
Mainland China and Hong Kong share a long-standing commitment to foster talent exchanges and training within the financial planning industry. In support of this shared objective, the promotion of the esteemed and globally renowned CFP Certification will significantly contribute to the industry's growth and provide greater benefits to consumers on both sides.
The Institute of Financial Planners of Hong Kong (IFPHK) and the Financial Planning Standards Board China (FPSB China) formalized a cooperation agreement at the Four Seasons Hotel Shenzhen on 18 March 2024 with an aim to strengthen collaboration in education and examination. The IFPHK and FPSB China are the licensing bodies authorized by Financial Planning Standards Board Limited to grant the CFP Certification in Hong Kong, Macau, and Mainland China.
The signing ceremony was attended by distinguished delegates, including Chairman of IFPHK, Mr. Chris Tse; CEO of IFPHK, Mr. Dennis Lau; Vice Chairman of FPSB China, Mr. Jun Zhang; and CEO of FPSB China, Ms. Cathy Zhang.
Mr. Tse commented that in the first 11 months of 2023, the Quality Migrant Admission Scheme attracted a significant number of workers from mainland China, accounting for 98% of the approved applicants, with 32% employed in the financial industry. He also noted that the Top Talent Pass Scheme, designed to attract high-quality talented professionals, brought over 50,000 individuals to Hong Kong, with a majority working in the financial sector. Among the professionals recruited through this scheme, the median monthly income is HK$50,000, with over 20% earning over HK$100,000 and more than 10% earning over HK$200,000.
He further remarked that these talent admission schemes have already attracted over 100,000 skilled individuals to Hong Kong. The dynamic dissemination of the CFP certification is poised to accelerate the development of the financial industry in the Greater Bay Area.
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