HKSI Paper 4 case studies
HKSI Paper 4 · Put your knowledge to work in context.
HKSI Paper 4 is one of the licensing examinations administered by the Hong Kong Securities and Investment Institute (HKSI Institute) for individuals seeking registration with the Securities and Futures Commission (SFC) to carry out regulated activities. It is typically associated with Type 4 (advising on securities) and Type 6 (advising on corporate finance) regulated activities, though the SFC determines the exact paper requirements for each role. The HKSI Paper 4 case studies are 5 cases and about 2,849 words.
1Tamar Fintech: Model Portfolios, Discretionary Routing and a Fund Bulletin Board
Tamar Fintech Limited is a Hong Kong-incorporated company with 22 staff and no SFC licence. Its mobile app has 4,000 retail users.
637 words, about 3 min2Skyline Biotech IPO: Related-Party Lease, Discounted CFO Sale and a Connected Allocation
Skyline Biotech Limited is a Cayman-incorporated, Hong Kong-based pre-revenue biotech company seeking a Main Board IPO under Chapter 18A. Its lead drug is in Phase II trials; pre-money valuation is HKD 900 million.
619 words, about 3 min3Harbour Peak Credit Fund: Retail Feeder, Illiquid Valuations and Performance Fees
Harbour Peak Asset Management Limited is a Type 9 licensed corporation managing the Harbour Peak Credit Opportunities Fund, a Cayman Islands SPC with HKD 500 million in assets. The fund has 25 investors, all individual professional investors with portfolios above HKD 8 million.
564 words, about 3 min4Victoria Bank: Worst-of Equity-Linked Note for a Retired Balanced Client
Victoria Bank (Hong Kong) plans to distribute a 3-year worst-of equity-linked note to retail clients. The note is linked to three HK-listed technology stocks, pays an 8% annual coupon, has a 60% knock-in, and returns principal at maturity only if no knock-in has occurred.
510 words, about 3 min5Pacific Wealth: Discretionary Account Churning and a Client Complaint
Lee, aged 75, is a retired widower with HKD 12 million in a discretionary account at Pacific Wealth Securities, licensed for Type 1, 4 and 9 activities. His risk profile is 'conservative income', and his risk score was last updated three years ago.
519 words, about 3 min