Month: June 2026

Source: Hong Kong Information Services

Secretary for Culture, Sports and Tourism Rosanna Law today expressed sorrow over the passing of Hong Kong theatre veteran Dr Chung King-fai and extended her deepest condolences to his family.

Miss Law said Dr Chung directed and performed in many classic stage productions over the years, including West Side Story, A Sentimental Journey, Death of a Salesman and Tuesdays with Morrie.

“He also appeared in a number of films, leaving us with cherished collective memories. As a teacher at the Hong Kong Academy for Performing Arts, he nurtured numerous renowned artists. His passing is a tremendous loss to Hong Kong’s performing arts sector.

“We will always treasure the memory of this stage veteran and remain deeply grateful for his distinguished contributions to the performing arts in Hong Kong,” she said.

Dr Chung dedicated his life to the performing arts, directing numerous productions and making remarkable achievements in developing local theatrical arts. Leveraging his extensive experience and professional knowledge, Dr Chung advised the Government on theatre programming.

He previously served as a member of the Committee on Performing Arts under the then Home Affairs Bureau, and as a member of the Art Form Panel (now the Art Form Sub-committee) under the Leisure and Cultural Services Department’s Programme and Development Committee. He was also an Arts Advisor (Drama) to the Hong Kong Arts Development Council.

Dr Chung was awarded the Silver Bauhinia Star in 2013 in recognition of his significant contributions.

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Following is a speech by the Chief Executive, Mr John Lee, at Nazarbayev University in Astana, Kazakhstan, today (June 3):

President Professor Waqar Ahmad (President of Nazarbayev University), faculty members, students, distinguished guests, ladies and gentlemen,

Good morning. It is an honour to be here, with you today, at Nazarbayev University, a leading centre of education and innovation in the heart of Eurasia.

I was delighted to learn that your university, Central Asia’s No.1, has been ranked among the top quartile of international research universities. And you achieved this just 16 years after your founding. This is an outstanding record.

Nazarbayev University has made news, and history, in many ways. One of them is the visit in 2013 by President Xi Jinping of my country, the People’s Republic of China. Here, at this very university, President Xi delivered a landmark speech, publicly proposing, for the first time, the joint building of the Silk Road Economic Belt.

That historic moment marked the genesis of today’s Belt and Road Initiative. It is a strategic blueprint for connectivity, shared development and common prosperity. And it has reshaped global co-operation.

Since its inception, the Belt and Road has developed a comprehensive framework for global partnership. It’s anchored in policy co-ordination, infrastructure connectivity, free and unfettered trade, financial integration and, critically, people-to-people bonds.

More than a decade on, the foundations laid here are delivering rewarding results: new trade corridors, stronger financial flows, and a clearer recognition that shared prosperity is the most sustainable path forward.

Lasting prosperity requires shared knowledge, talent, and trust across borders – and that begins with education. Right here at Nazarbayev University, that vision is taking shape. One pioneering partnership is with the Hong Kong University of Science and Technology.

Last year, at the 10th Belt and Road Summit in Hong Kong, the two institutions signed a Memorandum of Understanding (MOU). The agreement includes the launch of a joint Bachelor of Business Administration programme in Eurasian business. The programme features a joint curriculum, with students spending two years at each institution.

This landmark initiative is the first of its kind in Asia. It demonstrates a shared commitment to advancing higher education co-operation under the Belt and Road Initiative. I am confident that the new degree programme will offer far‑reaching benefits for our students and our economies.

Today, we will take another encouraging step forward. After my speech, Nazarbayev University will reach MOUs with Hong Kong’s Education University and Polytechnic University.

These agreements will deepen academic and research collaboration. They will strengthen people‑to‑people ties between Hong Kong and Kazakhstan.

This growing network of institutional partnerships is precisely how we build enduring foundations for long-term co-operation and mutual rewards.

Now, why is Hong Kong the right partner? For many reasons. And I’ll tell you a few of them now. Hong Kong, like Kazakhstan, is an active contributor and beneficiary of the Belt and Road Initiative. Under “one country, two systems”, Hong Kong serves as a “super connector” and “super value-adder”. We add value to everything we do – and to every economy, company and institution we partner with.

An international financial, trade and legal services hub, Hong Kong’s prosperity is underpinned by the common law system, the free flow of capital, and a deep pool of talent. In fact, Hong Kong is the only city in the world with five of the top 100 universities. This talent environment is reinforced by our global standing: last year, Hong Kong ranked first in Asia, and fourth globally, in the World Talent Ranking.

We have long been committed to international co-operation, enabling our companies and professionals to seize opportunities worldwide. And that very much includes the Belt and Road Initiative, and the educational collaborations it enables.

These collaborations do more than grant degrees. Through academic exchanges and joint research, students gain an international mindset, adaptability, and communication and problem-solving skills. These skills help them manage uncertainty, and identify pathways to shared growth.

This year, more than 6,000 students from Belt and Road countries are studying in programmes funded by Hong Kong’s University Grants Committee. I am pleased to note that some 500 of them are from Kazakhstan. That makes Kazakhstani students one of the largest groups of students among our Belt and Road student community.

The HKSAR (Hong Kong Special Administrative Region) Government’s Belt and Road Scholarship scheme sets aside 150 scholarships annually for post-secondary students from Belt and Road countries. Together with the “Study in Hong Kong” initiative, internships, and youth exchange programmes, these efforts are building a shared Belt and Road talent pool.

These initiatives, let me add, go well beyond education. They foster the lasting friendships and mutual understanding that transcend borders. Every student who studies abroad becomes an ambassador for their home country and a bridge to their host community.

The Kazakh community in Hong Kong is growing. And I invite you to look to Hong Kong for your future, too, students here. We welcome talented youth and entrepreneurs with open arms. The opportunities are wide open, too.

Hong Kong is one of the world’s leading financial centres, a rising innovation and technology hub, an arts and culture, sports and entertainment metropolis. And a whole lot more.

And, like you, we Chinese enjoy eating. Last night, I took the delegation for a classic Kazakh dinner – beshbarmak and baursak. We all enjoyed the boiled meat and the deep-fried dough balls. Let me add that Hong Kong has its first Central Asian restaurant opened just a few months ago. I always believe that food is a place’s best ambassador. I look forward to Kazakh restaurants filling up the streets of Hong Kong, so that the over 500 Kazakh students can help introduce their culture in Hong Kong.

Ladies and gentlemen, the partnerships we celebrate today are just the beginning. Each agreement, each student exchange, each shared research project brings our universities and our youth closer together. That is how we turn a vision of shared prosperity into daily reality.

I wish Nazarbayev University every success ahead. I wish the students here bold dreams and bright futures. And I wish Hong Kong and Kazakhstan a partnership that grows stronger with every passing year. Thank you.

Source: Hong Kong Government special administrative region – 4

     Following is a question by Professor the Hon Lau Chi-pang and a written reply by the Secretary for Innovation, Technology and Industry, Professor Sun Dong, in the Legislative Council today (June 3):

Question:

     There are views pointing out that a number of government departments and public organisations have set up facilities known as “resource centres” or “information centres” in various districts across the territory, but the public awareness and usage rates of some of the facilities are relatively low, resulting in public services not being used to their full functionality. In this connection, will the Government inform this Council:

(1) apart from the Parent/Relative Resource Centres subvented by the Social Welfare Department, the Patient Resource Centres under the Hospital Authority and the Computer and Information Centres set up in public libraries, of the current total number of facilities known as “resource centres” or “information centres” set up by various government departments and public organisations; among such facilities, the number of those requiring users to make prior appointments before entering the centres or using the services provided there, together with a list of the names of such centres and the specific reasons why prior appointments are required;

(2) of the annual user counts for the “resource centres” or “information centres” referred to in (1); whether the Government has regularly compiled and published the entry or usage statistics for these centres with a view to assessing their service effectiveness and cost-effectiveness; if so, of the entry or usage statistics for the centres in the past three years; if not, whether the Government will consider putting in place a unified mechanism for statistics compilation and publication;

(3) given that the areas of some information centres mainly used for publicity and exhibition are relatively large, whether the Government will consider opening up part of the space in these centres and providing basic furnishings, such as tables and chairs, to be used by the public for brief rest or self-learning, so as to enhance the practical usefulness of the facilities and their usage rates; if so, of the details and the timetable; if not, the reasons for that; and

(4) with the increasing prevalence of AI and digital information, whether the Government has assessed the need for the continued operation of physical “resource centres” or “information centres”, and the possibility of their services or functions being replaced by online platforms or AI technologies; if so, of the timetable for a review and the consolidation plan; if not, whether the Government will undertake such a review?

Reply:

President,

     In consultation with the relevant policy bureaux and departments (B/Ds), the consolidated reply to the question raised by Professor the Hon Lau Chi-pang is as follows:

     According to information provided by B/Ds, apart from the Parent/Relative Resource Centres subvented by the Social Welfare Department, the Patient Resource Centres under the Hospital Authority and the Computer and Information Centres set up in public libraries, there are currently 26 facilities operated by B/Ds and public organisations under their purview in the name of “resource centre” or “information centre”. Some of these facilities offer appointment services to facilitate arrangement of visits, participation in guided tours or use of specific services, and to ensure proper and safe venue and crowd management, etc. Details are set out at Annex.

     B/Ds should make good use of their properties and facilities, and will regularly evaluate the service efficacy and cost-effectiveness of their resources. As the policy objectives, target service groups, and facility configurations of various “resource centres” or “information centres” vary, B/Ds/public organisations will determine the most effective and cost-efficient operational and spatial utilisation modes based on their service scope, core functions, and actual circumstances for the provision of public services and activity spaces for the citizens. B/Ds/public organisations may also publish relevant information or data on the Open Data Portal.

     Meanwhile, the Digital Policy Office (DPO) has been promoting the development of digital government by providing various digital support services and centralised platforms to B/Ds, such as the iAM Smart platform, Chatbot-as-a-Service, GovHK portal, and digitisation of public service applications. These initiatives facilitate B/Ds in supplementing, optimising, or substituting the existing services of their “resource centres” or “information centres” with digital or online options. That said, some facilities may still require offline or physical operations, for example to display large exhibits, offer interactive experiences and facilitate community access to services. B/Ds will continue to implement various measures to optimise the management and operation of their “resource centres” or “information centres,” while the DPO will continue to assist B/Ds in developing and making good use of various digital government services.

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region – 4

     Following is a question by Dr Hon Elvin Lee and a reply by the Secretary for Labour and Welfare, Mr Chris Sun, in the Legislative Council today (June 3):
 
Question:
 
     According to a research paper issued by the Legislative Council Secretariat last month, the unemployment rate of young people in Hong Kong has been rising in recent years. Last year, about 36 200 young people were “NEETs” (i.e. young people not in employment, education or training), accounting for about 6.3 per cent of the total youth population. It has been reported that the development of artificial intelligence (AI) has led to a reduction in the recruitment of young people for entry-level positions by enterprises. In this connection, will the Government inform this Council:

(1) whether the Government will, in the face of the aforesaid situation, conduct a comprehensive review of youth policies and their actual effectiveness at a macro level, so as to improve the support for youth development and assist young people in seeking employment; if so, of the details; 

(2) given that AI technologies are replacing some entry-level positions, whether the Government will systematically introduce training in AI application skills for young people to help them acquire new skills, thereby enhancing their employability; if so, of the specific policy measures and implementation timetable; and 

(3) given that the proportion of NEETs among young people in Hong Kong is higher than those in Singapore and Japan, whether the Government will formulate targeted support and publicity strategies to provide them with appropriate assistance, enhance their incentive to work, and motivate them to join the labour market; if so, of the specific details; if not, the reasons for that?

Reply:
 
President,

     The Government attaches great importance to and is committed to promoting youth development. In consultation with the Home and Youth Affairs Bureau (HYAB), the Education Bureau (EDB), and the Census and Statistics Department (C&SD), a consolidated reply to the Member’s question is as follows:

(1) The Government released the Youth Development Blueprint (Blueprint) in December 2022, outlining the overall vision and guiding principles for the Government’s long-term youth development work in future. In the Blueprint, various policy bureaux and departments put forward over 160 specific actions and measures, with enhancing the employability of young people being one of the action agendas. The HYAB has been collaborating with various policy bureaux and departments to actively implement the Blueprint and keep under view the latest developments in the society and young people community. This ensures that the Blueprint is progressing with the times and can continue to respond to the evolving needs of young people. Since the release of the Blueprint, relevant policy bureaux have additionally introduced a total of about 130 youth-related new measures, including initiatives to strengthen AI education and training.

(2) The rapid development of AI brings challenges but also creates new opportunities. Various studies have indicated that while automation technologies such as AI could replace part of existing jobs, they would also create new employment opportunities at the same time. Their impacts on the labour market are far-reaching, spanning across all trades and industries as well as jobs at different levels. To keep abreast of the impacts of AI on Hong Kong’s overall labour market as well as various industries and occupations, the Labour and Welfare Bureau is currently conducting a comprehensive analysis and the findings of which will be incorporated into the mid-term update of the Manpower Projections, which is expected for release in the fourth quarter of 2026, to provide a more comprehensive statistical basis for policy formulation in the future.
 
     On education and training, the Government has encouraged the University Grants Committee (UGC)-funded universities to offer programmes which cater for Hong Kong’s development needs, expand the talent pool of important areas such as innovation and technology, and strengthen Hong Kong’s competitiveness. The 2022 Policy Address set out the target that, by the 2026/27 academic year, 35 per cent of the students of the UGC-funded universities will be studying STEAM (science, technology, engineering, art and mathematics) subjects and 60 per cent will be studying subjects relevant to Hong Kong’s development into the “eight centres” (including an international innovation and technology centre) in the 14th Five-Year Plan. In 2023, the UGC also allocated $100 million to establish the Fund for Innovative Technology-in-Education which aims to encourage universities to leverage technology to advance teaching innovation and enrich learning experience, fostering a new generation of well-rounded talent for the digital economy.
 
     In addition, the Study Subsidy Scheme for Designated Professions/Sectors (SSSDP) implemented by the EDB subsidises students to pursue designated self-financing undergraduate and sub-degree programmes (including computer science) that meet Hong Kong’s socio-economic development needs. From the 2027/28 academic year onwards, priority will be given to the inclusion of AI-related programmes under SSSDP. Besides, the Vocational Training Council has included relevant AI content in the compulsory modules on Information Technology for its Higher Diploma (HD) programmes starting from the 2025/26 academic year, and the coverage will be extended to all HD programmes by the 2026/27 academic year.
 
     Meanwhile, the Government is preparing to upgrade the Employees Retraining Board (ERB) to Upskill Hong Kong. Apart from continuing to provide dedicated training programmes for young people aged 15 to 29 covering training on various vocational and generic skills, the ERB will also offer more skill-based training courses on such areas as AI applications to meet market demands, helping service targets including young persons acquire emerging skills to enhance their competitiveness in the job market.

(3) Based on the data from the C&SD, from 2023 to 2025, the number of young people aged 15 to 24 who were not in employment, education, or training (i.e. NEETs) ranged from 33 700 to 36 100, accounting for 5.7 per cent to 6 per cent of the population in that age group (excluding foreign domestic helpers). Historical data reveals that even in years with robust economic growth and keen manpower demand in the labour market, the youth NEET rate in Hong Kong mostly hovered around 6 per cent to 7 per cent, which reflects that local youth generally require a longer time to explore their career directions and secure suitable employment, and therefore have longer job-seeking periods.
 
     The Government has launched a number of comprehensive and diversified measures to assist and promote youth employment. The generally higher unemployment rate among young people is primarily due to the fact that many of them are first-time job seekers lacking work experience. The Labour Department (LD) implements the Youth Employment and Training Programme to provide dedicated and free training and employment support services to young people aged 15 to 29 with an educational attainment at sub-degree level or below. Employers engaging trainees in on-the-job training are eligible to receive a monthly on-the-job training allowance of up to $5,000 per trainee for six to 12 months. The LD also operates two Youth Employment Resource Centres named Youth Employment Start (Y.E.S.), which offer one-stop integrated support services on employment and self-employment.
 
     In addition, the LD implements the Greater Bay Area Youth Employment Scheme, encouraging enterprises to employ Hong Kong young people aged 29 or below with sub-degree or higher qualifications to work in Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area, thereby broadening their career horizons. Enterprises participating in the Scheme may apply for a maximum monthly allowance of $12,000 for each Hong Kong young person employed under the Scheme for up to 18 months.
 
     The LD will review its services in a timely manner in light of changes in the youth employment situation with a view to providing young people with appropriate employment support.

Source: Hong Kong Government special administrative region

     Following is a question by Dr the Hon Webster Ng and a written reply by the Acting Secretary for Financial Services and the Treasury, Mr Joseph Chan, in the Legislative Council today (June 3):
 
Question:
 
     Since its establishment in Paris in 2006, the International Forum of Independent Audit Regulators (IFIAR) has grown to comprise 56 member jurisdictions worldwide. Membership of IFIAR is widely regarded by international capital markets as a key indicator of whether a jurisdiction’s audit oversight system is independent and recognised internationally. Leading financial and commercial centres in the Asia-Pacific region, such as Singapore, Japan, Malaysia, Korea, Taiwan and Indonesia, have long been IFIAR members. However, Hong Kong’s Accounting and Financial Reporting Council (AFRC), which has been transformed into a fully independent regulator of the accounting profession since October 1, 2022, has yet to join IFIAR despite the passage of more than three years. To consolidate Hong Kong’s status as an international financial centre and align with the requirements set out in the National 15th Five-Year Plan for the high-quality development of professional services, will the Government inform this Council:
 
(1) whether AFRC currently fully complies with the core requirements of IFIAR for an “independent audit regulator” (including an independent regulatory framework, inspection powers, investigation and disciplinary powers, stable resource allocation and a high degree of transparency), so as to meet the eligibility for applying to join IFIAR; if not, (i) of the areas in which those core requirements are not met; (ii) whether the authorities have allocated additional resources (including staffing establishment and financial provisions) to assist AFRC in this regard; and (iii) of the specific figures on changes to AFRC’s budget and staffing over the past three years in order to meet the aforesaid core requirements and advance its membership application;
 
(2) whether, since the transformation of AFRC in October 2022, the Government or AFRC has formally initiated the procedure for applying to join IFIAR; if so, of the steps that have been completed and the expected timetable for attaining membership; if not, the specific reasons for not having initiated the procedure and the definite timetable for doing so;
 
(3) whether the authorities will concurrently pursue equivalence recognition from the European Commission (EC) for Hong Kong’s audit oversight system, and whether priorities and specific coordinated strategies have been established for pursuing these two international recognitions from IFIAR and EC, with a view to maximally enhancing the international standing of Hong Kong’s audit regulatory framework; whether an assessment has been made of the quantifiable benefits of IFIAR membership in facilitating collaboration on cross-boundary audits (particularly the alignment of rules for projects in the Guangdong-Hong Kong-Macao Greater Bay Area and under the Belt and Road Initiative, and in attracting Mainland and overseas enterprises to list in Hong Kong;
 
(4) whether the authorities will incorporate achieving IFIAR membership for AFRC into the medium- to long-term strategy for developing Hong Kong’s financial professional services, and establish quantifiable indicators (such as the proportion of complex international projects undertaken by Hong Kong accounting firms, and the number of overseas auditing professionals attracted to Hong Kong); what specific measures the authorities and other departments (in particular the Education Bureau) have in place to cultivate auditing talent capable of meeting international regulatory standards; and
 
(5) whether, in the process of moving towards IFIAR’s international standards, the authorities have assessed the impact on local accounting firms, particularly small and medium-sized practices, in terms of compliance costs and capacity to adapt; whether the authorities will provide the sector with complementary support measures, such as transitional arrangements, capacity-building funding and training in digital accounting and ESG (environmental, social and governance) assurance, so as to ensure that the sector can turn regulatory upgrades into an opportunity to enhance its professional competitiveness?
 
Reply:

President,
 
     Having consulted the Accounting and Financial Reporting Council (AFRC) and the Hong Kong Institute of Certified Public Accountants (HKICPA), the reply to the five parts of the question is as follows –
 
(1) and (2) The Government of the Hong Kong Special Administrative Region has been committed to consolidating Hong Kong’s status as an international financial centre. A high-quality, credible, and internationally aligned system of accounting, auditing, and financial reporting is a vital foundation for the effective functioning of capital markets and the protection of investors’ interests. For this reason, in October 2022, we introduced a new regulatory regime for the accounting profession, under which the AFRC was reformed into a full-fledged independent regulator of the profession in Hong Kong, with its functions and powers comparable to those of audit regulators in other jurisdictions. These include the issuance of practising certificates to accountants, registration of practice units, registration and recognition of Public Interest Entities auditors, as well as the handling of inspection, investigation and disciplinary matters, and the provision of promotion and support for the development of the accounting profession.
 
     International and regional co-operation is part of the work of the AFRC, which maintains close liaison with regulatory counterparts on the Chinese Mainland and overseas in areas such as enhancing audit oversight and improving financial reporting quality. For example, in November 2025, the AFRC hosted the second edition of the Regional Regulatory Forum, drawing over 400 representatives of regulators and industry leaders from Hong Kong, the Chinese Mainland, the Asia-Pacific and other regions, to discuss topics such as corporate governance, audit quality, sustainability disclosure and assurance, and artificial intelligence transformation. Indeed, after more than three years of effort since its reform, the AFRC has aligned its work with international practices, gaining positive recognition among its peers. In 2025, the AFRC published a research report titled “Global Developments in Audit Regulation: Key Insights for Hong Kong”, which indicates that Hong Kong’s accounting and audit regulatory regime is consistent with prevailing international practices.
      
     Since the implementation of the reformed regulatory regime in 2022, the AFRC has focused on enhancing local audit quality, strengthening cross-boundary regulatory co-operation with the Supervision and Evaluation Bureau of the Ministry of Finance, as well as promoting and supporting the development of the accounting profession, among other initiatives. The AFRC has, since then, not submitted an application for membership of the International Forum of Independent Audit Regulators (IFIAR), or initiated any process for seeking equivalence recognition of Hong Kong’s audit regulatory regime by the European Commission. The AFRC will continue to pay close attention to developments in international audit and accounting regulation, and draw on experience from outside Hong Kong in upholding high standards of local audit quality, and establish appropriate modes of co-operation and liaison with other organisations and institutions.
      
     The expenditure and resources required for the work related to the promotion of international and regional co-operation are subsumed within the AFRC’s overall annual budget. The AFRC does not maintain a separate breakdown specifically for such initiatives.
 
(3) and (4) The work of the AFRC is recognised by financial markets. The independence and credibility of its regulatory regime should not depend on membership of any particular international or regional organisation. Cross-boundary audit regulatory co-operation and the listing of overseas enterprises in Hong Kong are influenced by a range of factors, including global market conditions, regulatory regimes, international economic outlook, and geopolitics. Meanwhile, the AFRC will continue to closely monitor the actual operation and effectiveness of the new regulatory regime, as well as developments in international audit and accounting regulations. Subject to Hong Kong’s market conditions, the need for cross-boundary regulatory co-operation, resource allocation, and industry circumstances, the AFRC will maintain communication and liaison with relevant international organisations and regulatory authorities to keep abreast of the latest developments and to facilitate exchange and co-operation. The Government has no plan to set any indicators concerning the participation of AFRC in any individual international or regional organisation.
 
     Regarding the development of audit talent, the Government has been working proactively and closely with the HKICPA, tertiary institutions and industry organisations to strengthen the training of local accounting professionals. Specific initiatives include promoting articulation arrangements between accredited degree programmes and the Qualification Programme (QP) through collaboration with tertiary institutions, so that graduates can be exempted from Associate Level examinations. Moreover, through QP, which is recognised by the Global Accounting Alliance, those who complete the programme will acquire proficiency in accounting standards that are aligned with international benchmarks, and this will enhance cross-boundary professional recognition and mobility of certified public accountants in Hong Kong.
 
(5) Promoting and supporting the development of the accounting profession is one of the statutory functions of the AFRC. While striving to enhance the quality of financial reporting and audits, the AFRC understands that as accounting and audit regulatory regimes undergo continuous enhancement, there is a need for capacity building for local accounting firms, particularly small and medium-sized practices (SMPs). To this end, in carrying out its regulatory functions, the AFRC places great emphasis on maintaining communication with the industry while providing guidance and support, ensuring that the industry can turn regulatory upgrading into an opportunity to enhance professional competitiveness. For example, at the conference co-organised by the HKICPA and the International Federation of Accountants in November 2025, the Chairman of the AFRC highlighted agility as the strength of SMPs, and encouraged practitioners to leverage their professional skills to seize opportunities brought about by regulatory upgrading.
 
     On the other hand, the HKICPA provides professional training, conducts examinations, and handles registration for those who wish to become accountants, and sets requirements for continuing professional development (CPD) for the industry. The HKICPA has overhauled its CPD curriculum that now puts emphasis on practical and hot topics that align with future development trends, including data analytics, common digital tools, and cybersecurity governance. It delivered nearly 700 courses every year, attracting over 100 000 enrolments annually. In addition, in order to promote capacity building on green finance, the HKICPA introduced specialised professional training in ESG accounting, carbon asset management, and sustainability assurance. Moreover, the HKICPA Certificate on Sustainability Reporting was launched in 2025, facilitating practitioners’ transition from financial reporting to high-value sustainability reporting.
      
     Overall speaking, in promoting international and regional co-operation, the AFRC will continue to take into account regulatory requirements and the actual conditions of the industry, maintain close contact with the HKICPA on professional training, and provide appropriate support to the industry, particularly SMPs, so as to ensure the healthy and sustainable development of the accounting profession in Hong Kong.

Source: Hong Kong Government special administrative region

Source: Hong Kong Government special administrative region