Use a spaced repetition app (Anki is free and works with PDF exports). This is far more effective than rereading.
Forums like Discuss.com.hk and Reddit’s r/HKFinance sometimes have shared Google Drive links to study notes from past candidates. While free, these are often incomplete or based on pre-2020 syllabi. If you use these, cross-check every fact with the official SFC Code of Conduct (freely available on the SFC website) to avoid studying wrong information.
The Hong Kong Securities and Investment Institute (HKSI) Licensing Examination (LE) is the gold standard for professionals seeking to enter the securities and futures industry in Hong Kong. Among the various papers, Paper 1 (Fundamentals of Securities and Futures Regulations) acts as the gateway. It is the prerequisite for almost every license type, making it the most popular and arguably the most critical exam for aspiring practitioners. hksi paper 1 study material pdf
Theory without application is useless. The PDF should include end-of-chapter quizzes and at least one full mock exam (80 questions to be completed in 2 hours). Crucially, answers must come with explanations referencing the specific SFO section or Code of Conduct paragraph.
Paper 1 rarely asks about section 376 of the SFO (custody of records). It heavily focuses on sections 102–109 (interim and injunctive powers), 193 (market misconduct), and 213 (restitution). A poor PDF often lists every section equally. A good one highlights high-yield areas. Use a spaced repetition app (Anki is free
Assuming you have a of about 200–300 pages (condensed notes) plus a mock exam, here is a realistic schedule:
: Use PDF question banks to simulate exam conditions. Simply reading the manual is often not enough to handle the specific phrasing of the questions. While free, these are often incomplete or based
: When you register for the exam, you typically receive access to an electronic version (PDF) of the manual through the HKSI online portal.