Compare HKSI papers
Side-by-side comparisons of HKSI papers: questions, time, fees and which licence type or role needs each one.
Paper 1 vs Paper 7
Paper 1 is the regulation paper (SFO, licensing, Code of Conduct, misconduct).
Paper 8 vs Paper 9
Paper 8 is for securities (Types 1, 4 and 8); Paper 9 is for futures (Types 2 and 5).
Paper 8 vs Paper 12
Paper 8 covers securities dealing and advising; Paper 12 covers asset management (Type 9).
Paper 9 vs Paper 12
Paper 9 covers futures and options trading for Type 2 and 5; Paper 12 covers fund and portfolio management for Type 9.
Paper 1 vs Paper 8
Paper 1 is the regulation paper everyone takes; Paper 8 is the activity paper for securities.
Paper 1 vs Paper 2
Paper 1 is the regulation paper every representative takes.
Paper 15 vs Paper 16
Both papers share one syllabus on IPO sponsor work.
Paper 5 vs Paper 11
Paper 11 is the practical corporate finance paper (accounting, valuation, financing, M&A) for all Type 6 staff.
Paper 6 vs Paper 12
Paper 12 is the practical asset management paper for Type 9 representatives.
Paper 18 vs Paper 19
Paper 19 covers how depositaries of SFC-authorised funds work (custody, oversight, fund types).