London Institute of Banking and Finance (LIBF) Global Financial Challenge
The LIBF Financial Capability Challenge, hosted by Seedasdan, is designed for high school students interested in finance. Participants can compete individually or in teams to showcase financial literacy and analytical skills. The competition generally requires registration, with an entry fee applicable. The event evaluates contestants through financial knowledge tests and case studies, allowing for online or in-person submissions.
Interested in the competition?
Competition Overview
Junior: 11-15 years old
Senior: 16-18 years old
Eligibility
Free
Entry fee
March 23, 2024
Offline Exam Registration
March 30, 2024
Online Exam Registration
April 6, 2024
Preliminary Round
July 2024
National Round
Competition Details
1. Competition Introduction
Founded in 2011, ASDAN China is a branch of the UK’s ASDAN (Award Scheme Development and Accreditation Network), and it offers internationally recognized educational programs and competitions. ASDAN China hosts the Global Financial Challenge in partnership with the London Institute of Banking and Finance (LIBF).
2. Competition Rounds
There are two rounds to the competition: the Preliminary Round and the National Round. The Preliminary Round is divided into 2 parts: Financial Ability Assessment and Stock Exchange Challenge. Students with outstanding grades will advance to the National Round.
Preliminary Round
Junior and Senior will compete individually (online/offline) in the Financial Ability assessment and Stock Exchange Challenge. To prepare for the course, students take a 48-hour online course that covers: Personal Finance, Money Management, and Finance Career Paths.
1. Financial Ability Assessment
The test assesses students’ understanding of personal finance, money management, and career paths in finance. Each question is worth one point and students have 105 minutes to answer all the questions. The total score for this assessment is 35 (15 points for Unit 1, 10 points for Unit 2, and 10 points for Unit 3).
Participants who achieve the qualification benchmark will receive a LiBF LiFE Certificate.
2. Stock Exchange Challenge
Within 240 minutes, students have to
- Round 1: Provide an allocation plan for the asset of $100,000 dollars
- Round 2 and 3: 2 operation rounds, where students have to adjust their investment portfolio according to the simulation
- Round 4: Live personal behavior analysis report and feedback from instructors
3. Awards
Financial Ability Assessment
- High Distinction: Top 10%
- Distinction: Top 20%
- Credit: Top 35%
- Prize Award: Full scores
- LiBF LiFE Certificate: Qualifiers to National Rounds
Stock Exchange Challenge
- High Distinction: Top 10%
- Distinction: Top 20%
- Credit: Top 35%
National Round
Preliminary Round Qualifiers will be invited to the National Round, participating in a 4-part competition individually and in a team to win awards and recognition.
1. Team
To participate, students need to be in a team of 3-4, so the organizing committee will assign them to a group.
2. Competition Content
- Financial Knowledge Test (Individual Written Test)
- Stock Market Simulation and Investment Decisions (Team Competition): Students will play different roles in the investment bank and make multiple rounds of investment decisions
- Financial Bowl (Team Competition): The team will prepare the answers to the questions provided by LIBF
- Financial Case Analysis and Roadshow (Team Competition): Students will prepare for the cases and questions provided by LIBF, and prepare for the roadshow accordingly.
