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HKSI Licensing Examination Paper 8 (Securities) Exam Cheat Sheet (2026)

A free, printable HKSI Licensing Examination Paper 8 (Securities) exam cheat sheet: the 36 highest-yield points to know, grouped into 6 sections that follow the exam's content areas, each section with its published weight.

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  • The real HKSI Licensing Examination Paper 8 (Securities) exam: 40 questions · 60 minutes · 70 to pass.
  • Prints from your browser (Ctrl-P, or Cmd-P on a Mac) — the navigation, buttons and links drop out of the printed copy.
  • 413 free HKSI Licensing Examination Paper 8 (Securities) practice questions on the same material, every one explained.
  • Last updated: August 2026.
Studying in order?

In the HKSI LE Paper 8 (Securities) guide: 12 worked calculations set inside the 6 chapters, where the maths comes up. Practice here stays free.

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Types of Securities

25% of the exam
Study →
  • Equity securities: ordinary and preference shares
  • Bonds and money-market debt
  • Bond price and yield mechanics
  • Warrants, CBBCs and structured products
  • Collective investment schemes: funds, ETFs and REITs
  • Derivatives and margin financing

Primary and Secondary Markets

20% of the exam
Study →
  • Primary versus secondary markets
  • IPO mechanics and the listing syndicate
  • Special listing structures
  • Raising more capital and corporate actions
  • Secondary trading and order types
  • Clearing, settlement and transaction costs

Overview of Securities Investments

15% of the exam
Study →
  • Market structure and venues
  • Indices and the drivers of prices
  • Types of investment risk
  • Measuring return
  • Time value of money
  • Portfolio principles and investor objectives

Participants in the Markets

15% of the exam
Study →
  • Investors: retail, institutional and professional
  • Intermediaries and the licensing framework
  • The IPO syndicate's people
  • Custody, nominees and registrars
  • Market infrastructure and CCASS participants
  • Regulators and investor safeguards

Securities Analysis

13% of the exam
Study →
  • Fundamental analysis and its goal
  • Valuation multiples
  • Profitability, liquidity and leverage ratios
  • Intrinsic-value models
  • Technical analysis
  • Bond yield and duration analysis

Stock Market Administration

12% of the exam
Study →
  • Order matching and trading sessions
  • Volatility controls and trading halts
  • Short selling and disclosure of interests
  • Indices and their construction
  • Corporate actions and price adjustments
  • Clearing, settlement and transaction costs

Now prove you know them

Reading an outline is not the same as recalling it under exam pressure. Drill the free HKSI Licensing Examination Paper 8 (Securities) questions to find the areas you keep missing, then sit a full timed mock.

Study aid, not a substitute for the official material — always confirm the current rule with HKSI Institute — Licensing Examination.

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