HKSI LE Paper 7 study guide
HKSI LE Paper 7 · Work through your exam, one topic at a time.
HKSI Licensing Examination Paper 7 covers financial markets knowledge for individuals working in, or preparing to work in, Hong Kong's securities and investment industry. It sits within the HKSI Institute's licensing examination suite, which local licensed corporations and registered institutions use to satisfy competence requirements for regulated activities. The HKSI LE Paper 7 study guide has 7 sections and about 3,046 words.
01Hong Kong Financial Regulatory Framework and Market Infrastructure
Paper 7 tests how money actually moves through Hong Kong: who regulates each activity, which venue or clearing house stands behind a trade, and what a licensed person may and may not do. This first domain is the structural layer - the regulators, the statute book and the post-trade plumbing - that every later domain assumes you already know.
467 words, about 2 min02Equity Markets and Equity-Related Products
This domain covers the cash equity product set on SEHK and the corporate actions that change what a share is worth. Questions tend to be mechanical: share types, board lots and spreads, short-selling eligibility, and the pricing arithmetic of rights and bonus issues.
440 words, about 2 min03Debt Markets, Fixed Income Securities and Money Markets
This domain tests the HKD debt market, the money market that funds it, and the arithmetic of bond pricing and interest-rate risk. Expect computational items on price, yield and duration rather than long descriptive answers.
403 words, about 2 min04Foreign Exchange and Currency Markets
This domain is compact but highly testable: the Linked Exchange Rate System, the currency-board mechanics behind it, and forward pricing by covered interest parity. Most marks are lost on direction, not on theory.
441 words, about 2 min05Derivatives: Futures, Options, Swaps and Structured Products
This domain covers exchange-traded futures and options on HKFE, the structured products sold to retail investors, and the OTC overlay. Expect contract-specification questions and payoff arithmetic rather than theory.
398 words, about 2 min06Fund Management, Collective Investment Schemes and Asset Allocation
This domain tests collective investment schemes, the SFC authorisation regime and the portfolio mathematics used to appraise performance. A CIS pools property from investors and gives them rights over that property, managed by a scheme operator.
435 words, about 2 min07Corporate Finance, Listing and Advisory Activities
This domain covers the listing pipeline, post-listing transactions and takeovers - the daily work of Type 6 advisers and sponsors. Questions are rule-application: which test, which threshold, which document.
462 words, about 2 min