The Association of International Certified Professional Accountants (AICPA) has announced that Hainan Province in China has introduced a new programme to develop finance talent in support of its broader Free Trade Port strategy.
As part of the initiative, the Chartered Global Management Accountant (CGMA) designation has been officially recognised as meeting the programme’s professional entry criteria.
This recognition gives CGMA holders a direct route to participate in the scheme.
The designation is being positioned within the province as a standard for finance professionals who want to engage with China’s changing economic environment.
Its formal inclusion in Hainan’s initiative reflects a broader pattern across China, where municipal and regional authorities are increasingly aligning skills and qualification requirements with international benchmarks.
The new two-year programme aims to develop management-oriented finance specialists with an emphasis on strategic thinking and value creation.
The training content spans strategic financial management, finance digital transformation and the practical use of management accounting.
Participants who complete the programme will receive official certification from provincial authorities and will be added to a “high-level talent pool”.
Inclusion in this pool will open up opportunities such as research participation, advisory assignments and faster career progression within the region.
In September 2024, more than 100 new candidates in Gaborone, Botswana, received the CGMA designation.
The awards were conferred at a convocation organised by the AICPA and the Chartered Institute of Management Accountants (CIMA), operating jointly as the Association of International Certified Professional Accountants.
The CGMA designation, established in 2012 by the AICPA and CIMA, is claimed to be a verification to the high standard of quality and competence in the field of management accounting.
“Hainan endorses CGMA in new finance talent drive, AICPA says” was originally created and published by The Accountant, a GlobalData owned brand.
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