Timeline
Yes, if a candidate do not meet the programme's requirement, CX will also send a rejection letter.
I have also read about that story over at hkfa.net, interesting but out come can vary base on individual cases. I wouldnt reply on so much info on it. Take it as a grain of salt.
Just to clearify something, the process take 2 to 3 months, provided that him or her passes very stage.
Take care