HKSI Exam Questions Explained

Exam-style HKSI questions with the answer, a full worked explanation with its source and the mistake candidates actually make. Pick your paper, then a topic. For a mixed set, try the free sample questions or the free mock.

HKSI Paper 1 questions

36 worked questions across 9 topics

Regulatory overview of the Hong Kong financial industry

Mrs Lau buys units in an SFC-authorised unit trust at the wealth management counter of Kowloon Pearl Bank, a licensed bank registered with the SFC for Types 1 and 4. Which body is the front-line supervisor of its fund sales?
Mr Ho, an individual insurance agent, recommends an investment-linked assurance scheme (ILAS) policy to a client. The ILAS has been authorised by the SFC for offer to the public. Which body licenses Mr Ho and regulates his conduct as an insurance intermediary?
A client complains that Ms Cheung mis-sold her an MPF scheme. Ms Cheung is a subsidiary intermediary attached to Victoria Peak Securities Ltd, a licensed corporation registered as her principal intermediary. How are the regulatory roles split under the MPFSO?
Tsim Sha Tsui Digital Exchange Ltd plans to run a centralised platform in Hong Kong on which clients trade non-security virtual assets such as bitcoin. What licence does the platform operator need?

Hong Kong law and the Companies Ordinance

The Securities and Futures Ordinance (Cap. 571)

Licensing, registration and subsidiary legislation

Business conduct and client relations

Business operations and practices

Participating in the Hong Kong exchanges

Accessing public capital

Market misconduct and improper trading practices

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Original study material mapped to the public HKSI syllabus. Not affiliated with or endorsed by HKSI Institute or the SFC.