HKSI Paper 4 pass rate
Regulation of Credit Rating Services
Across Sep 2025–Jun 2026 (5 sitting months), HKSI Paper 4 averaged 75% — ranked 15 of 17 by monthly average pass rate, lowest first. The month-to-month spread is 50 percentage 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 4 · REVISION DESK
Paper 4: Rating independence and institutional compliance
Paper 4 regulates credit-rating services. Distinguish analytical work, conflicts, institutional controls and disclosure instead of copying a securities-sales workflow into a rating case.
Official eStudy Guide：v2.2 Verify the edition ↗
HKSIPapers provides a guide and official-source links for Paper 4. A dedicated question bank or app for this paper is not currently available.
FAQ
- What is the pass rate for HKSI Paper 4?
- 75% on average across Sep 2025–Jun 2026, based on HKSI's own monthly figures. The best month was Jan 2026 at 100%; the worst Sep 2025 at 50%.
- Is HKSI Paper 4 hard?
- Its monthly average is ranked 15 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.
