專業考試證券期貨

HKSI 卷一基本證券及期貨規例題庫｜Paper 1 一次過合格

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2207 題專業 8/8/2026

題庫簡介

HKSI證券及期貨從業員資格考試卷一Paper 1「基本證券及期貨規例」題庫，免費線上練習，唔使再靠雞精。涵蓋證券及期貨條例、證監會監管架構、發牌制度及操守準則，附計時模擬測驗。適合報考SFC持牌代表…

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免費體驗 20 題

在香港金融市場的監管架構下，下列哪一項活動最可能被界定為受規管的金融服務業務，並須向相關監管機構申領牌照或受其監管？

李先生在香港經營一項以賺取利息為目的的貸款業務，為趙先生新成立的環保回收廠提供營運融資。 Mr. Li carries on a loan business in Hong Kong for the purpose of earning interest, providing operational financing for Mr. Zhao's newly established environmental recycling plant.

恒信企業利用其自有資金進行直接投資，以全資控股方式成立並營運一家從事精密零件製造的工廠。 Hengxin Enterprise uses its own funds for direct investment to establish and operate a factory engaged in precision parts manufacturing through wholly-owned control.

恒信企業將其名下持有的多層工業大廈物業，長期租賃予一家從事半導體研發的科技公司以獲取租金。 Hengxin Enterprise leases its multi-storey industrial building to a technology company engaged in semiconductor R&D for the long term to earn rental income.

李先生將其個人投資所得利潤交由好友張先生代為保管，張先生僅作為無償受託人，並未從中收取任何服務費或報酬。 Mr. Li entrusts the profits from his personal investments to his friend, Mr. Zhang, for safekeeping; Mr. Zhang acts only as a gratuitous trustee and does not receive any service fees or remuneration.

在維護香港作為國際金融中心的地位與穩定性方面，特區政府及相關監管機構（如金融管理局與證監會）必須採取嚴密的監管框架與防禦機制。根據現行監管原則與《打擊洗錢及恐怖分子資金籌集條例》，下列哪些活動是監管當局明確致力於防範、監控或對抗的對象？ (i) 跨國組織利用本港金融體系進行恐怖分子資金籌集活動 (ii) 國際投機者透過高度槓桿工具對聯繫匯率制度進行系統性狙擊 (iii) 符合《上市規則》第18C章規定的特專科技企業進行首次公開招股 (iv) 獲授權機構在符合審慎監管指引下吸收的外國直接投資流入 (v) 涉及清洗黑錢的跨境資金流動，以掩飾犯罪得益的來源請選擇最準確的組合：

(i), (ii), (v)

(i), (iii), (v)

(ii), (iv), (v)

(i), (ii), (iii), (iv)

在香港的刑事法律制度下，關於舉證責任與法律原則的敘述，下列哪一項是不正確的？

控方必須根據「相對可能性的衡量」標準來證實被告人罪名成立 The prosecution must prove the defendant's guilt according to the standard of "balance of probabilities".

在刑事訴訟中，被告人依法享有委派法律代表進行辯護的權利 In criminal proceedings, the defendant has the legal right to appoint legal representation for their defense.

被告人在未經法院依法定程序裁定有罪前，應被推定為無罪 A defendant shall be presumed innocent until proven guilty by a court in accordance with legal procedures.

舉證責任通常落在控方身上，由控方負責證明被告人犯下所指控的罪行 The burden of proof generally lies with the prosecution, who is responsible for proving that the defendant committed the alleged offense.

在證券經紀商的內部監控架構中，為了貫徹職責劃分以降低舞弊及操作風險，下列哪一項職能通常應由前線部門負責，而非由後勤部門執行？

處理交易差錯並將相關差額記入公司的暫記帳戶 Handling trading errors and posting the relevant differences to the company's suspense account.

接收客戶的買賣盤指令並負責盤房的交易執行 Receiving buy/sell orders from clients and being responsible for trade execution in the dealing room.

編製日終成交單據並向客戶發送交易確認書 Preparing end-of-day contract notes and sending trade confirmations to clients.

將內部交易紀錄與結算所或執行經紀提供的對帳單進行核對 Reconciling internal trade records with statements provided by clearing houses or executing brokers.

根據香港《證券及期貨條例》第XV部的規定，上市公司的董事、最高行政人員及大股東必須在特定情況下披露其在該公司股份中的權益。這項法定披露要求主要體現了下列哪一項監管金融市場的目標？

確保市場參與者具備同等的專業投資技能 Ensuring that market participants possess equal professional investment skills.

將所有形式的內幕交易行為全面刑事化 Fully criminalizing all forms of insider dealing behavior.

提高市場運作的透明度，使投資者能在資訊充足的情況下作出決定 Increasing the transparency of market operations so that investors can make decisions with sufficient information.

強制要求上市公司必須為少數股東提供保證回報 Mandating that listed companies must provide guaranteed returns for minority shareholders.

根據香港證券及期貨事務監察委員會的相關規則，若一名個人投資者已獲中介人評估並歸類為「專業投資者」，關於該投資者要求撤回此身份類別的權利，下列哪項敘述最為準確？

投資者僅能在簽署相關同意書後的 14 天冷靜期內提出撤回要求 The investor can only submit a withdrawal request within the 14-day cooling-off period after signing the relevant consent form.

除非投資者的資產淨值降至法定門檻以下，否則中介人有權拒絕其撤回要求 The intermediary has the right to refuse the withdrawal request unless the investor's net asset value falls below the statutory threshold.

投資者有權在任何時間向中介人提出要求，停止被視為專業投資者 The investor has the right to request the intermediary at any time to cease being treated as a professional investor.

撤回要求必須獲得監管機構的書面核准後，中介人方可執行類別變更 The withdrawal request must be approved in writing by the regulatory body before the intermediary can execute the change in classification.

根據證券及期貨事務監察委員會發布的《打擊洗錢及恐怖分子資金籌集指引》，下列關於持牌法團在履行合規義務時的敘述，哪一項是正確的？

持牌法團在執行客戶盡職審查及持續監控時，應採用風險為本的方法，以確保資源與風險程度相稱。 When performing customer due diligence and ongoing monitoring, a licensed corporation should adopt a risk-based approach to ensure that resources are commensurate with the level of risk.

一旦發現客戶涉及可疑交易，持牌法團必須在不通知監管機構的情況下，立即主動凍結該客戶的所有資產。 Once a client is found to be involved in suspicious transactions, the licensed corporation must immediately freeze all of the client's assets without notifying the regulatory body.

持牌法團應在內部調查確認洗錢行為屬實並取得確鑿證據後，方可向聯合財富情報組提交可疑交易報告。 A licensed corporation should only submit a suspicious transaction report to the Joint Financial Intelligence Unit after confirming the money laundering activity through internal investigation and obtaining conclusive evidence.

所有被標記為可疑的交易紀錄，必須與一般客戶紀錄分開存放，並僅保存在受監管機構指定的境外伺服器中。 All transaction records flagged as suspicious must be stored separately from general client records and kept only on overseas servers designated by the regulatory body.

根據香港《上市規則》及《企業管治守則》的原則，下列哪些項通常被視為上市發行人具備良好企業管治的特點？ (i) 發行人設立了由獨立非執行董事組成的審計委員會。 (ii) 董事會下設薪酬委員會，其主要職能是審核及釐定全體初級職員的月薪及福利待遇。 (iii) 主席與行政總裁的角色有明確區分，且不應由同一人兼任。 (iv) 董事會致力於提升資訊透明度，並確保向股東及公眾作出及時且準確的披露。

(i), (iii), (iv)

(i), (ii), (iv)

(ii), (iii)

以上皆是 All of the above

李志明先生獲恆信證券聘任為其證券交易部門的經理，目前正準備向證券及期貨事務監察委員會（證監會）申請相關受規管活動的牌照。根據《適當人選的指引》，下列哪些情況最有可能對其「適當人選」的資格產生負面影響？ (i) 他曾因一宗涉及詐騙的物業交易而留有刑事犯罪紀錄。 (ii) 他曾被香港律師會採取紀律處分，並禁止其擔任律師。 (iii) 他在大學修讀金融學課程，但最終未能取得學位畢業。 (iv) 他曾被法院頒令，禁止在任何公司擔任董事職務。

(i), (ii), (iv)

(ii), (iii), (iv)

(i), (ii), (iii)

(i), (iii)

根據香港交易所的營運架構與相關規則，下列哪類人士或實體具備資格申請註冊成為香港聯合交易所期權結算所有限公司的結算參與者？

已訂立指定形式結算協議並符合最低流動資本規定的所有註冊機構 All registered institutions that have entered into a specified form of clearing agreement and meet the minimum liquid capital requirements

香港聯合交易所有限公司的期權買賣交易所參與者 An Options Trading Exchange Participant of The Stock Exchange of Hong Kong Limited

獲證券及期貨事務監察委員會發牌進行第 1 類受規管活動的法人團體 A body corporate licensed by the Securities and Futures Commission to carry out Type 1 regulated activity

香港期貨交易所有限公司的結算參與者 A Clearing Participant of the Hong Kong Futures Exchange Limited

根據《證券及期貨條例》，若一名執業會計師在執業過程中從事了符合第 4 類受規管活動（就證券提供意見）定義的活動，該會計師在何種情況下可獲豁免而無需向證券及期貨事務監察委員會領取牌照？

必須領取牌照，因為會計師僅在從事資產管理（第 9 類受規管活動）時才享有法定的特別豁免 Must be licensed, as accountants only enjoy a special statutory exemption when engaging in asset management (Type 9 regulated activity)

無需領取牌照，因為所有執業會計師均受其所屬專業團體監管，自動豁免於所有受規管活動的發牌制度 Need not be licensed, as all practising accountants are regulated by their respective professional bodies and are automatically exempted from the licensing regime for all regulated activities

無需領取牌照，前提是該等活動的進行純粹是附帶於其會計師專業服務的過程中 Need not be licensed, provided that the activities are carried out wholly incidentally to the practice of their profession as an accountant

必須領取牌照，因為《證券及期貨條例》並未對從事受規管活動的專業人士提供任何形式的豁免 Must be licensed, as the Securities and Futures Ordinance does not provide any form of exemption for professionals engaging in regulated activities

在《證券及期貨條例》的法律框架下，關於民事程序與刑事程序之間差異的描述，下列哪項最為正確？

若某人已被裁定刑事罪名成立，法律上將禁止受害者就同一行為透過民事訴訟追討賠償。 If a person has been convicted of a criminal offence, the law prohibits the victim from seeking compensation through civil litigation for the same act.

民事法庭與刑事法庭均有權判處監禁，惟民事法庭所判處的刑期通常較短。 Both civil courts and criminal courts have the power to impose imprisonment, although the sentences imposed by civil courts are usually shorter.

民事法的核心目的在於為受損害方提供法律補救或補償，而非旨在對違法者施行懲罰。 The core purpose of civil law is to provide legal remedies or compensation to the injured party, rather than to impose punishment on the offender.

在舉證標準方面，民事訴訟要求達到「無合理疑點」的程度，而刑事訴訟則僅需「基於可能性的權衡」。 Regarding the standard of proof, civil litigation requires proof 'beyond reasonable doubt', while criminal litigation only requires proof on the 'balance of probabilities'.

根據香港《公司條例》的規定，關於私人公司向其董事提供貸款或類似性質的信貸，下列哪項陳述最為準確？

公司僅可向執行董事或董事總經理提供貸款，非執行董事則不在此列。 A company may only provide loans to executive directors or managing directors, while non-executive directors are not included.

原則上禁止向董事提供貸款，除非該建議已獲得公司成員的事先批准。 In principle, providing loans to directors is prohibited unless the proposal has received prior approval from the company's members.

公司雖不得向自身董事貸款，但可自由向其控股公司的董事提供貸款。 Although a company may not lend to its own directors, it is free to provide loans to the directors of its holding company.

公司不得向董事個人提供貸款，但可向該董事持有控制權益的關連公司提供貸款。 A company may not provide loans to a director personally, but it may provide loans to a related company in which the director holds a controlling interest.

根據《證券及期貨(成交單據、帳戶結單及收據)規則》，在下列哪一種情況下，持牌法團無須為其客戶製備成交單據？

持牌法團僅就某項首次公開招股向客戶提供投資建議，而未涉及代其申購 The licensed corporation only provides investment advice to a client regarding an initial public offering, without involving subscription on their behalf

持牌法團作為代理人，代表客戶在香港交易所執行證券買賣交易 The licensed corporation, acting as an agent, executes securities trading on the Hong Kong Stock Exchange on behalf of the client

持牌法團代表客戶訂立一份期貨合約交易 The licensed corporation enters into a futures contract transaction on behalf of the client

持牌法團與客戶訂立一份槓桿式外匯交易合約 The licensed corporation enters into a leveraged foreign exchange trading contract with the client

根據香港現行法律及監管準則，關於反洗錢及打擊恐怖分子資金籌集的法律義務與定義，下列哪一項陳述是不正確的？

若某人知悉或懷疑任何財產代表從販毒活動中獲得的得益，法律規定其必須向獲授權人員作出披露。 If a person knows or suspects that any property represents proceeds obtained from drug trafficking activities, the law requires them to make a disclosure to an authorized officer.

若某人處理其明知或有合理理由相信代表從販毒中獲得的得益之財產，即屬違法。 It is an offence for a person to deal with any property that they know or have reasonable grounds to believe represents proceeds obtained from drug trafficking.

洗錢是指將慈善機構收到的合法捐款，在未經授權的情況下轉移至創辦人私人業務的挪用行為。 Money laundering refers to the misappropriation of legitimate donations received by a charity, where the funds are transferred to the founder's private business without authorization.

若某人知悉已有人向聯合財富情報組作出披露，而向他人洩露該項披露的內容，可能構成「通風報信」罪。 If a person knows that a disclosure has been made to the Joint Financial Intelligence Unit and discloses the content of that disclosure to another person, it may constitute the offence of 'tipping-off'.

證券及期貨事務監察委員會（證監會）正就一宗懷疑市場失當行為進行正式調查。證監會委任的調查員根據《證券及期貨條例》第183條，要求私人投資者林女士出席調查會面並提供相關記錄。關於林女士在調查過程中的法律責任，下列哪些陳述是正確的？ (i) 由於林女士僅為私人投資者而非持牌人，她並無法律義務出席該調查會面。 (ii) 林女士在法律上有責任就調查員所提出與調查事項有關的問題作出解釋。 (iii) 若林女士在會面中故意向調查員提供具虛假或誤導性的資料，即屬犯罪。 (iv) 若林女士故意向調查員提供具有關鍵性的虛假文件，可被裁定犯罪。

(i), (iii)

(iii), (iv)

(ii), (iii), (iv)

(ii), (iv)

在香港的證券及期貨監管體系中，證券及期貨事務監察委員會採取「以披露為本」的監管方針。關於此監管制度的核心運作方式，下列哪項描述最為準確？

由監管機構根據發行人的業務優劣及投資價值作出實質判斷，決定其是否具備上市資格。 The regulator makes substantive judgments based on the issuer's business merits and investment value to determine whether it qualifies for listing.

透過限制高風險投資產品的銷售對象，以確保市場中介人的經營風險降至最低。 By restricting the target audience for high-risk investment products, the regulator ensures that the operational risks of market intermediaries are minimized.

要求市場參與者（如上市公司）及時且準確地披露所有重大資料，讓投資者在資訊透明的基礎上自行評估風險並作出決定。 Market participants (such as listed companies) are required to disclose all material information in a timely and accurate manner, allowing investors to assess risks and make decisions independently based on transparent information.

僅透過公開持牌中介人的違規紀錄與誠信評級，作為保障市場穩定性的唯一手段。 The regulator uses the public disclosure of disciplinary records and integrity ratings of licensed intermediaries as the sole means of safeguarding market stability.

根據《證券及期貨條例》及證監會的相關規定，下列關於持牌法團負責人員的陳述，哪些是正確的？ (i) 每一名擔任持牌法團執行董事的個人，均須獲證監會核准為負責人員。 (ii) 每一間持牌法團必須委任最少兩名負責人員，以監督其獲發牌的受規管活動。 (iii) 若持牌法團不持有客戶資產，可向證監會申請豁免委任負責人員的法定要求。 (iv) 只有不直接參與受規管活動的高級管理層，方可獲委任為負責人員。

(i), (ii), (iii)

(ii), (iii), (iv)

(iii), (iv)

(i), (ii)

恒信企業是一家在香港註冊的開放式基金型公司。該公司董事局最近決定自願終止該公司。根據《開放式基金型公司守則》的規定，在啟動終止程序時，下列哪一項是該公司必須採取的合適行動？

恒信企業必須在發出終止通知前，先向證監會申請撤銷其註冊 Hengxin Enterprise must apply to the SFC for de-registration before issuing the termination notice.

恒信企業必須委任一名由證監會指定的獨立清盤人，負責監督整個資產變現過程 Hengxin Enterprise must appoint an independent liquidator designated by the SFC to oversee the entire asset realization process.

恒信企業必須向證監會提交終止理由，並確認其具有償債能力 Hengxin Enterprise must submit the reasons for termination to the SFC and confirm its solvency.

恒信企業必須指示保管人立即凍結所有資產，直至獲得證監會的最終清盤指令 Hengxin Enterprise must instruct the custodian to freeze all assets immediately until a final winding-up order is obtained from the SFC.