Exam Structure

(Only the Final Examination is conducted by the HKSI in Hong Kong)

Examination

Duration
(Hours)

Examination Fee
Early-bird Regular
Common Knowledge Examinations
Foundation Level (Total examination hours: 9)
Exam 1
  • Equity valuation and analysis
  • Financial accounting and statement analysis
  • Corporate finance
3hrs 10min
Exam 2
  • Fixed income valuation and analysis
  • Economics
2hrs 40min
Exam 3
  • Derivative valuation and analysis
  • Portfolio management
3hrs 10min
Final Level (Total examination hours: 6)
All examination papers of the CIIA Final Examination are in English or Simplify Chinese, and include full and mini-case study questions and in-depth essays.
Exam 1
  • Corporate finance
  • Economics
  • Financial accounting and statement analysis
  • Equity valuation and analysis
3 hrs HK$3,200 HK$4,000
Exam 2
  • Fixed income valuation and analysis
  • Derivative valuation and analysis
  • Portfolio management
3 hrs HK$3,200 HK$4,000
National Examination
Exam
  • Regulation
  • Ethics
  • Financial statement analysis
  • Market structures and instruments
3 hrs

.