HKSI Exam Pass Rates: Latest Official Results

The table shows official HKSI Licensing Examination results for Hong Kong. We checked each paper’s result page on 18 October 2026. Most papers show August 2026 as their latest published month; Papers 4 and 10 show June 2026.

The result month, source-check date and article revision are different. A historical group pass rate is not the examination pass mark or a prediction of an individual result.

Latest official HKSI pass rates by paper

Each source link opens the matching official paper result.

Source: HKSI Institute. A zero displayed as “.00%” is shown as “0.00%”; a missing result is never converted to zero.

Monthly published results by paper

Histories and displayed averages reproduce the official page checked on 18 October 2026. Reporting windows can differ.

Paper 1: Fundamentals of Securities and Futures Regulation — Sep 2025 to Aug 2026

HKSI displayed average: 50.90%. Official results

MonthPublished pass rate
Sep 202556.19%
Oct 202553.54%
Nov 202561.84%
Dec 202554.17%
Jan 202652.06%
Feb 202649.96%
Mar 202647.40%
Apr 202648.57%
May 202648.58%
Jun 202650.00%
Jul 202644.29%
Aug 202644.24%
Paper 2: Regulation of Securities — Sep 2025 to Aug 2026

HKSI displayed average: 66.69%. Official results

MonthPublished pass rate
Sep 202571.15%
Oct 202568.40%
Nov 202575.00%
Dec 202566.67%
Jan 202669.60%
Feb 202671.90%
Mar 202666.23%
Apr 202663.68%
May 202659.20%
Jun 202663.81%
Jul 202661.72%
Aug 202662.96%
Paper 3: Regulation of Derivatives — Sep 2025 to Aug 2026

HKSI displayed average: 63.88%. Official results

MonthPublished pass rate
Sep 202578.95%
Oct 202573.68%
Nov 20250.00%
Dec 202555.56%
Jan 202646.15%
Feb 202675.00%
Mar 202686.36%
Apr 202688.46%
May 202670.00%
Jun 202661.54%
Jul 202668.75%
Aug 202662.16%
Paper 4: Regulation of Credit Rating Services — Sep 2025 to Jun 2026

HKSI displayed average: 75.00%. Official results

MonthPublished pass rate
Sep 202550.00%
Dec 20250.00%
Jan 2026100.00%
Feb 2026100.00%
Mar 2026100.00%
Jun 2026100.00%
Paper 5: Regulation of Corporate Finance — Sep 2025 to Aug 2026

HKSI displayed average: 55.65%. Official results

MonthPublished pass rate
Sep 202547.37%
Oct 202578.57%
Nov 202566.67%
Dec 202560.87%
Jan 202647.06%
Feb 202668.18%
Mar 202661.54%
Apr 202640.54%
May 202654.17%
Jun 202645.16%
Jul 202650.00%
Aug 202647.62%
Paper 6: Regulation of Asset Management — Sep 2025 to Aug 2026

HKSI displayed average: 60.24%. Official results

MonthPublished pass rate
Sep 202566.84%
Oct 202554.19%
Nov 202580.77%
Dec 202562.60%
Jan 202658.14%
Feb 202657.97%
Mar 202660.89%
Apr 202657.39%
May 202650.00%
Jun 202658.06%
Jul 202661.75%
Aug 202654.29%
Paper 7: Financial Markets — Sep 2025 to Aug 2026

HKSI displayed average: 67.23%. Official results

MonthPublished pass rate
Sep 202562.41%
Oct 202567.38%
Nov 202587.50%
Dec 202573.38%
Jan 202664.90%
Feb 202664.04%
Mar 202665.00%
Apr 202670.32%
May 202661.64%
Jun 202668.58%
Jul 202662.14%
Aug 202659.47%
Paper 8: Securities — Sep 2025 to Aug 2026

HKSI displayed average: 66.01%. Official results

MonthPublished pass rate
Sep 202567.44%
Oct 202563.50%
Nov 202588.89%
Dec 202564.39%
Jan 202665.81%
Feb 202667.01%
Mar 202655.56%
Apr 202668.50%
May 202660.45%
Jun 202662.20%
Jul 202665.45%
Aug 202662.96%
Paper 9: Derivatives — Nov 2024 to Aug 2026

HKSI displayed average: 54.58%. Official results

MonthPublished pass rate
Nov 202460.00%
Sep 202535.29%
Oct 202573.33%
Dec 202558.33%
Jan 202654.55%
Feb 202654.55%
Mar 202628.57%
Apr 202672.73%
May 202666.67%
Jun 202646.67%
Jul 202664.29%
Aug 202640.00%
Paper 10: Credit Rating Services — Sep 2025 to Jun 2026

HKSI displayed average: 60.00%. Official results

MonthPublished pass rate
Sep 2025100.00%
Dec 2025100.00%
Mar 20260.00%
Apr 2026100.00%
Jun 20260.00%
Paper 11: Corporate Finance — Nov 2024 to Aug 2026

HKSI displayed average: 76.15%. Official results

MonthPublished pass rate
Nov 2024100.00%
Sep 2025100.00%
Oct 202583.33%
Dec 202570.00%
Jan 202680.00%
Feb 202666.67%
Mar 202650.00%
Apr 202671.43%
May 202666.67%
Jun 2026100.00%
Jul 202640.00%
Aug 202685.71%
Paper 12: Asset Management — Sep 2025 to Aug 2026

HKSI displayed average: 74.25%. Official results

MonthPublished pass rate
Sep 202571.43%
Oct 202564.52%
Nov 2025100.00%
Dec 202595.00%
Jan 202687.10%
Feb 202669.44%
Mar 202652.94%
Apr 202672.97%
May 202672.22%
Jun 202675.56%
Jul 202668.29%
Aug 202661.54%
Paper 15: Sponsors (Principals) — Nov 2024 to Aug 2026

HKSI displayed average: 82.21%. Official results

MonthPublished pass rate
Nov 202471.43%
Sep 2025100.00%
Jan 2026100.00%
Feb 2026100.00%
Mar 202668.42%
Apr 202657.14%
May 2026100.00%
Jul 202642.86%
Aug 2026100.00%
Paper 16: Sponsors (Representatives) — Sep 2025 to Aug 2026

HKSI displayed average: 66.26%. Official results

MonthPublished pass rate
Sep 202578.83%
Oct 202580.16%
Nov 202577.22%
Dec 202567.28%
Jan 202672.20%
Feb 202664.39%
Mar 202656.59%
Apr 202663.10%
May 202660.12%
Jun 202661.29%
Jul 202654.11%
Aug 202659.78%
Paper 17: Regulation of Takeovers and Share Buy-backs — Sep 2025 to Aug 2026

HKSI displayed average: 65.05%. Official results

MonthPublished pass rate
Sep 202585.71%
Oct 202551.28%
Nov 202580.00%
Dec 202546.67%
Jan 202660.00%
Feb 202659.38%
Mar 202676.92%
Apr 202660.87%
May 202672.00%
Jun 202667.86%
Jul 202658.49%
Aug 202661.36%
Paper 18: Regulation of Providing Depositary Services — Oct 2024 to Aug 2026

HKSI displayed average: 62.12%. Official results

MonthPublished pass rate
Oct 202450.00%
Nov 2024100.00%
Sep 2025100.00%
Dec 20250.00%
Jan 2026100.00%
Mar 202666.67%
Apr 202666.67%
May 202650.00%
Jun 202650.00%
Jul 2026100.00%
Aug 20260.00%
Paper 19: Depositary Services for Collective Investment Schemes — Oct 2025 to Aug 2026

HKSI displayed average: 55.56%. Official results

MonthPublished pass rate
Oct 2025100.00%
Dec 20250.00%
Jan 20260.00%
Feb 2026100.00%
Mar 2026100.00%
May 20260.00%
Jun 20260.00%
Jul 2026100.00%
Aug 2026100.00%

Pass mark and pass rate: what is the difference?

The pass mark is the score you need to achieve. HKSI sets it at 70% for every LE paper. Papers 1 and 7 have 60 questions, so 42 correct answers reach the pass mark. Every other current LE paper has 40 questions, so 28 correct answers reach it.

The published pass rate describes past examination results. It does not change the score you need. A low monthly pass rate does not mean the pass mark has increased, and a high rate does not lower it.

Watch the timing when choosing a practice test: Papers 1 and 7 allow 90 minutes for 60 questions. Paper 11 allows 90 minutes for 40 questions. The other current papers allow 60 minutes for 40 questions.

What do the official averages mean?

HKSI says that when a paper has more than one examination session in a month, the monthly figure is the average of the pass rates for those sessions. The published description does not establish a pooled, candidate-weighted calculation. A session pass rate and a percentage calculated from all candidates across several sessions are not necessarily the same thing.

The expandable histories also show the average displayed by HKSI for each paper. We have preserved that figure instead of recalculating it. Read it alongside the dates shown: the displayed periods differ between papers, and an average for one window is not directly comparable with an average for another window.

The figures cover the LE in Hong Kong. They do not establish the results for examinations held in other locations. They also do not give an individual candidate’s probability of passing.

What can a 0% or 100% result tell you?

A 0% or 100% month describes the reported result for that month. It cannot establish that a paper is impossible or easy. Candidate numbers and the mix of candidates are not supplied alongside these results.

A small group can produce a very different percentage from a large group, but we do not know the group sizes here. Avoid inventing an explanation for a particular month. Use the history for context and your own fresh practice results to identify what you need to revise.

Which HKSI papers are included?

The current LE paper list runs from Papers 1 to 12, then Papers 15 to 19. HKSI explicitly states that the LE does not comprise Papers 13 and 14. This article makes no assumption about future papers.

Papers 1–6 and 18 are regulatory papers. Papers 7–12 and 19 are practical papers. Papers 15–17 address additional competence requirements for sponsor and takeover-related work. The table links each paper to its own revision guide and to the correct official results page.

How to use the figures in your preparation

First confirm which papers you need for your role and the applicable competence requirements. Choose your examination route for that reason, rather than because a different paper has a higher pass rate.

Next, compare your knowledge with the syllabus. Work through a fresh set of questions under the correct time limit, then review every wrong answer and every answer you guessed. Keep a short error log: the topic, the mistake, the correct reasoning and a date to try a different question on the same idea.

If your practice scores depend on recognising familiar questions, use a fresh set before drawing conclusions. Aim to explain why an answer works and why the alternatives do not. A monthly pass-rate statistic cannot do that diagnostic work for you.

Before the examination, check the official study-guide version and any HKSI notices relevant to your sitting. This matters especially for Paper 2: version 2.8.1 applies through 25 October 2026 and version 2.9 applies from 26 October 2026.

Questions candidates ask

Are these October 2026 examination results?

No. October 2026 is the source-check month. The reporting month for every result appears in the table: August 2026 for most papers and June 2026 for Papers 4 and 10.

What score do I need to pass an HKSI LE paper?

The pass mark is 70%: 42 out of 60 questions for Papers 1 and 7, and 28 out of 40 for every other current LE paper. The official pass rate is a separate historical statistic.

Does a 100% pass rate mean everyone will pass the next sitting?

No. It describes a past result. The future candidate group and its preparation may differ, and the published table does not provide candidate counts or a personal prediction.

Why do Papers 4 and 10 have an earlier latest month?

Their official result pages currently end at June 2026. We show that month exactly as published, rather than assigning those figures to July or September. Check the paper’s official link for subsequent updates.

Why does Paper 10 show 0.00% for June 2026?

HKSI displays that result as “.00%”. We add the leading zero for readability, without changing its value. We do not turn absent months into zero results.

Official sources and further reading