HKSI Paper 11 pass rate
Corporate Finance
Across Nov 2024–Aug 2026 (12 sitting months), HKSI Paper 11 averaged 76.15% — ranked 16 of 17 by monthly average pass rate, lowest first. The month-to-month spread is 60 percentage points. The most recent half of the window averaged 69% versus 83.3% earlier — a decline of 14.4 points.
Month-by-month pass rate
Source: 香港證券及投資學會（HKSI Institute）官方「考試合格率」頁 Snapshot 2026-10-02．HKSI publishes a rolling 12-month window only; months outside it are no longer shown officially.
Monthly averages are not weighted by candidate counts. The order compares published pass rates across different candidate groups and papers; it does not measure personal pass probability.
HKSI PAPER 11 · REVISION DESK
Paper 11: Transaction purpose, valuation and financing
Paper 11 is corporate-finance practice, with 40 questions in 90 minutes. Check valuation assumptions and deal structure; the longer duration is not a reason to repeat every calculation.
Official eStudy Guide：v3.2 Verify the edition ↗
FAQ
- What is the pass rate for HKSI Paper 11?
- 76.15% on average across Nov 2024–Aug 2026, based on HKSI's own monthly figures. The best month was Nov 2024 at 100%; the worst Jul 2026 at 40%.
- Is HKSI Paper 11 hard?
- Its monthly average is ranked 16 of 17 by monthly average pass rate, lowest first. Different candidate groups sit each paper and month, so the ranking does not isolate exam difficulty or show that a particular month will be easier. Use your own practice mistakes to plan revision.
Other papers
Pass rates are reproduced from the HKSI Institute for reference only and may be revised at any time; confirm against the official page before relying on them.
