HKSI Paper 9 pass rate
Derivatives
Average
55.73%
Difficulty rank
3/17
Best month
73.33%
Oct 2025
Worst month
28.57%
Mar 2026
Across Nov 2024–Jun 2026 (12 sitting months), HKSI Paper 9 averaged 55.73% — 3th hardest of 17 papers. The month-to-month spread is 44.76 percentage points. The most recent half of the window averaged 54% versus 57.5% earlier — a decline of 3.5 points.
Month-by-month pass rate
Nov 2024
60%
Jul 2025
62.5%
Aug 2025
55.56%
Sep 2025
35.29%
Oct 2025
73.33%
▲
Dec 2025
58.33%
Jan 2026
54.55%
Feb 2026
54.55%
Mar 2026
28.57%
▼
Apr 2026
72.73%
May 2026
66.67%
Jun 2026
46.67%
Source: 香港證券及投資學會（HKSI Institute）官方「考試合格率」頁 Snapshot 2026-07-28．HKSI publishes a rolling 12-month window only; months outside it are no longer shown officially.
FAQ
- What is the pass rate for HKSI Paper 9?
- 55.73% on average across Nov 2024–Jun 2026, based on HKSI's own monthly figures. The best month was Oct 2025 at 73.33%; the worst Mar 2026 at 28.57%.
- Is HKSI Paper 9 hard?
- Relative to the other papers it is 3th hardest of 17 papers. Month-to-month it swings 44.76 percentage points (28.57%–73.33%), so the sitting you pick matters less than preparation.
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.
