The Association of International Certified Professional Accountants (AICPA) has announced that Hainan province in China has introduced a new program to develop financial 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 recognized as meeting the programme’s professional entry criteria.
This recognition provides CGMA holders with a direct route to participate in the scheme.
The designation is being positioned within the province as a standard for finance professionals who wish to engage in China’s changing economic environment.
Its formal inclusion in the Hainan initiative reflects a broader pattern across China, where municipal and regional authorities are increasingly aligning skills and qualifications requirements with international benchmarks.
The new two-year program aims to develop management-oriented financial specialists with an emphasis on strategic thinking and value creation.
The training content covers strategic financial management, the digital transformation of finance and the practical use of management accounting.
Participants who complete the program will receive official certification from provincial authorities and will be added to a “high-level talent pool.”
Inclusion in this group will open up opportunities such as participation in research, consultancy 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 presented at a call organized by the AICPA and the Chartered Institute of Management Accountants (CIMA), which operate jointly as the Association of International Certified Professional Accountants.
The CGMA designation, established in 2012 by the AICPA and CIMA, is stated to be a verification of the high standard of quality and competence in the field of management accounting.
“Hainan backs CGMA in its drive for new financial talent, says AICPA” was created and originally published by The Accountant, a brand owned by GlobalData.
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