Results
Invitation Letter
Dear Student,
Warmest congratulations!
You have excelled in the qualifier round of the 2026 Cambridge Economics and Finance Competition (CEFC), distinguishing yourself among participants from over 40 countries and regions. We are delighted to officially invite you to the Global Round, to be held in Cambridge, one of the world’s most historic and intellectually vibrant academic institutions.
Jointly organised by CUFIS and CamSIF, recognised as the largest financefocused society at Cambridge, CEFC is dedicated to nurturing exceptional young minds with a passion for economics and finance. With only 60 places available worldwide, participation in the Global Round is not only a mark of distinction but also a unique opportunity for both academic and personal growth.
Economics and finance are dynamic, interdisciplinary fields that explore how economic systems operate and how financial decisions shape the world around us. During the Global Round, you will engage in a series of academic challenges, ranging from individual economics tasks to team-based stock pitch competitions. You will work with real-world data, develop strategic solutions, and deliver final presentations as part of a team. Throughout the programme, you will gain insights from Cambridge faculty at the forefront of research, alongside guidance from Cambridge alumni, industry professionals with global experience, and members of CUFIS and CamSIF.
Beyond academics, the Global Round offers the opportunity to immerse yourself in Cambridge’s rich traditions. From experiencing student life through activities such as punting and formal dinners, to gaining first-hand insights into the Cambridge Economics application process, you will gain a true taste of life at one of the world’s most prestigious universities. You will also connect with likeminded peers from around the world and build lasting international friendships.
All awards and outstanding presentations will be announced on the official CEFC website, ensuring your achievements receive global recognition.
This is more than an honour, it is a rare opportunity to broaden your perspective, test your potential, and take a confident step toward your future. We look forward to welcoming you to Cambridge and witnessing your brilliance on the world stage.
With our best regards,
The CEFC Organizing Committee
May 2026

CEFC Global Recognition
The 2026 CEFC qualifier round attracted the active participation of economics students from over 40 countries and regions.

China

United Kingdom (UK)

United States of America (USA)

Belgium

Germany

India

Vietnam

Malaysia

Ghana

Mongolia

Republic of Korea (South Korea)

Thailand

Singapore

United Arab Emirates (UAE)

Qatar

Bangladesh

Kazakhstan

Slovakia
Competitive Sessions

Economic Written Test
Fomat:Multiple-choice questions and short-answer questions, a 90-minute English written test. The content modules are the same as those of the preliminary round, including macro and microeconomics, finance and accounting, and valuation models.
Awards:

Top 10% in the written
test - Platinum award

Top 20% in the written
test - Gold award

Top 35% in the written
test - Silver award

Top 50% in the written
test - Bronze award

Stock Pitch
No prior investment experience is required. CUFIS and CamSIF will provide all participants with a hands-on workshop on financial and stock market analysis, equipping them with essential tools and methodologies. Following the workshop, the Stock Pitch Competition brief will be announced. Students will then work in teams to apply what they've learned in a real-world case analysis, culminating in a group presentation and final report.
Awards:

Winner Team Awards

Runner-up Team Awards

Third Place Team Award
Innovative Team
Location: St John’s College, University of Cambridge
The CEFC Global Round is scheduled to take place at St John’s College, one of the largest and most historic colleges at the University of Cambridge. With a rich legacy spanning over 500 years, the college has produced numerous Nobel laureates, business leaders, and industry pioneers—including Professor Eric Maskin, recipient of the 2007 Nobel Prize in Economics. During the event, students will study, collaborate, and compete on this centuries-old campus, while also experiencing traditional Cambridge activities such as attending a formal dinner at the College.Academic Sessions

Keynote Speech
A Cambridge economics professor will deliver the opening address, offering cutting-edge academic insights.
Last year's guest: Prof. Simon Taylor. Management Practice Professor in Finance, Judge Business School; Director of the Global EMBA programme, University of Cambridge

Alumni Sharing
Cambridge alumni and CUFIS X CamSIF members will share their personal journeys, highlighting the real-world impact of studying economics and finance. Join roundtable discussions for career inspiration and opportunities.



Cambridge Application Workshop
Members of CUFIS and CamSIF will share their experiences applying to study Economics at Cambridge, including mock interview sessions designed to help students prepare for the highly competitive admissions process.

Networking Session
Engage with top young economists standing out from CEFC. Build lasting connections, exchange ideas, and expand your global perspective.



Formal Dinner
Take part in a traditional Cambridge formal dinner—an iconic part of college life. Dressed in formal attire, students will enjoy fine dining, and thoughtful conversation in a historic setting.
Sharpen Core Competencies
● Quantitative Analysis
● Teamworking
Academic Syllabus
● Macroeconomics
● Financial Markets
● Valuation
Schedule
● Location:University of Cambridge
● Eligibility:award-winner in CEFC preliminary round
● Seats:Limited to 60 Globally
* The schedule is for reference only and may be subject to change.
| Time | Calendar of events |
|---|---|
| 10.1 Thursday | Morning: Arrival in Cambridge Afternoon: Opening Ceremony – Welcome speech by Cambridge professors and programme overview Evening: Traditional Cambridge Formal Dinner |
| 10.2 Friday | Morning: Economic Written Test Afternoon: Cambridge Application Lecture Alumni Sharing 1 Evening: Free time |
| 10.3 Saturday | Morning: Stock Pitch Workshop; Task Briefing Afternoon: Alumni Sharing 2 & 3; Networking session Evening: Preparation for the Stock Pitch challenge |
| 10.4 Sunday | Morning: Preparation for the Stock Pitch challenge; Stock Pitch challenge (group presentations) Afternoon: Stock Pitch challenge (Cont.); Closing Ceremony – Awards Presentation Evening: Free time |
| 10.5 Monday | Morning: Punting, Campus Tour Afternoon: Departure |
* The schedule is for reference only and may be subject to change.
Award List
| Name | Nationality | Written test | Presentation | Outstanding Speaker |
|---|---|---|---|---|
| Aahana Dua | India | Third Place | ||
| AARNA BHAVESHKUMAR TAILOR | India | Runner up | ||
| Aarush Verma | India | Outstanding Speaker | ||
| Amarjargal Bat-Erdene | Mongolia | |||
| Ananya Ahuja | India | |||
| ARNAV PRATAP MAAN | India | |||
| Daniel Verrier | Belgium | Runner up | Outstanding Speaker | |
| Dhruva Thanappan | United Kingdom (UK) | Outstanding Speaker | ||
| Frederic Beales | United Kingdom (UK) | |||
| HONG KIU ELLIE TAI | Chinese | Bronze | Runner up | |
| HUANYU YANG | Chinese | Platinum | ||
| JIACHENG YANG | Chinese | Platinum | Runner up | |
| JIAQI WANG | Chinese Hong Kong | Gold | Winner | Outstanding Speaker |
| JUNJIE ZHANG | Chinese | Silver | Innovative Team | |
| Kabeer Verma | India | Innovative Team | Outstanding Speaker | |
| Kavya Mehta | India | Platinum | Innovative Team | |
| KEXIN TANG | Chinese | Gold | Innovative Team | |
| Khushi Bahl | India | |||
| KOBY MORGAN LAU | Australian | Gold | Innovative Team | |
| Lai Ka En | Malaysia | Third Place | ||
| LEYI HU | Chinese | Platinum | Third Place | |
| Matthew Ley | United Kingdom (UK) | Outstanding Speaker | ||
| Namuun Bolor-Erdene | Mongolia | Third Place | ||
| Naran-Anu Bayanmunkh | Mongolia | |||
| Onkar Chowdhury | India | Winner | ||
| Pranay Naik | USA | Outstanding Speaker | ||
| Praneel Agrawal | United Kingdom (UK) | Third Place | Outstanding Speaker | |
| RAPHAEL CAI | Chinese | Silver | Winner | |
| SHAN NAN | Chinese | Bronze | ||
| SHU YANG | Chinese | Silver | Innovative Team | |
| Shubh Umesh Bhasin | India | Bronze | Winner | |
| Sorawit Limvatanayingyong | Thailand | |||
| Sunny Seoyeon Choe | Republic of Korea (South Korea) | Winner | ||
| TONGWEI SU | Chinese | Silver | ||
| TSZ TUNG KATHY WONG | Chinese | Gold | ||
| YANGYANG YU | Chinese | Platinum | ||
| YIFEI PENG | Chinese | Platinum | ||
| YUCHEN GAN | Chinese | Platinum | ||
| YUXI SHEN | Chinese | Bronze | ||
| YUYI GU | Chinese | Gold | ||
| ZEMU LIN | Chinese | Silver | Runner up | |
| ZHUXIN LI | Chinese(Hong Kong SAR) | Bronze | Winner | |
| ZIYAN ZHAO | Chinese | Bronze | ||
| ZIZHENG WU | Chinese |


