HKSI Paper 1 Practice Exam 2026 - Free HKSI Certification Practice Questions and Study Guide

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Match the regulated activity type with its description: asset management.

Type 5

Type 6

Type 7

Type 9

Asset management means actively managing a client’s investment portfolio on their behalf, making buy and sell decisions within an agreed mandate. In HK’s regulated activities, this service is carved out as Type 9. When a firm or individual provides ongoing, (often discretionary) portfolio management for clients or runs a fund on behalf of investors, it falls under this category. That’s why asset management is matched to Type 9. The other activities—such as giving investment advice or dealing in securities—cover different licensed activities, so they don’t describe asset management.