Hong Kong Securities & Futures Licensing
HKSI Licensing Examination (SFC LE)
港試通: 證券牌照 · PrepLicense
Free practice questions for the HKSI Licensing Examination (LE), covering all 17 papers across regulation, market knowledge and product practice. Every question and explanation is provided in both English and Traditional Chinese. Exam FAQ →
About the HKSI Licensing Examination
The HKSI Licensing Examination (LE) is set by the Securities and Futures Commission (SFC) and administered by the Hong Kong Securities and Investment Institute (HKSI Institute). Anyone seeking to be licensed or registered for SFC Regulated Activities (RA 1–10) must pass the specific combination of papers required for their RA as a statutory competence requirement.
Paper types overview (17 papers)
- Regulation papers: securities, futures, margin financing, corporate finance, collective investment schemes, asset management, depositary services — covering rules and compliance requirements for each line of business
- Practice papers: financial markets, securities, futures & options, corporate finance, collective investment schemes, asset management, depositary services — business knowledge and day-to-day practice
- Common core: Paper 1 — Fundamentals of Securities and Futures Regulation, required for every RA applicant
Specific RA-to-paper mapping, exemptions for professional credentials (CFA, CPA etc.), and per-paper question count, time limit and pass mark follow the HKSI Institute's latest examination handbook. Exam FAQ → Independent study aid. Not affiliated with the SFC or the HKSI Institute.
HKSI Licensing Examination — 17 Papers
Fundamentals of Securities and Futures Regulation
Regulation of Securities
Regulation of Securities Margin Financing
Securities and Futures — Compliance
Regulation of Futures and Options
Regulation of Corporate Finance
Financial Markets
Securities
Regulation of Collective Investment Schemes
Collective Investment Schemes
Corporate Finance
Futures and Options
Securities Margin Financing
Regulation of Asset Management
Asset Management
Regulation of Depositary Services
Depositary Services
Why PrepLicense
Independent
Independently developed. Not affiliated with the SFC or HKSI Institute — built purely for candidates.
Fully bilingual
Every question and explanation in both English and Traditional Chinese — prepare in whichever language you'll sit the exam in.
Aligned with the syllabus
Questions written against HKSI Institute's official Study Manuals, covering all 17 papers' regulation and product knowledge.
Works offline
The question bank is stored on-device — practice anywhere, no connection required.
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Complete question bank, mock exams and progress analytics across all 17 HKSI Licensing Examination papers — aligned with official syllabus and related regulations, every explanation in English and Chinese.
Independent study aid. Not affiliated with or endorsed by the Securities and Futures Commission (SFC) or the Hong Kong Securities and Investment Institute (HKSI Institute).
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