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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.
Types of Securities
25% of the exam- 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- 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- 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- 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- 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- 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.