Dear members,
Over the past quarter, the Institute has made significant strides in engaging stakeholders, nurturing the next generation of talent, and driving the ongoing development of our industry. Through a range of initiatives, we have strengthened connections within our professional community, supported learning and growth opportunities, and advanced key priorities shaping the future of accounting in Hong Kong and beyond.
As the designated sustainability disclosure standards setter for Hong Kong, the Institute welcomed the IFRS Foundation’s publication in June of Jurisdictional Profiles on adoption of ISSB Standards, which recognizes Hong Kong’s leadership in aligning local sustainability disclosure standards with the global baseline. Hong Kong stands among the first jurisdictions to set a target for full ISSB Standards adoption, reinforcing its position at the forefront of global sustainability disclosure and market transparency.
Building on this momentum, we hosted the inaugural HKICPA Sustainability Forum, supported by CA ANZ and ICAEW. Focused on the theme of climate and data readiness for HKFRS S1 & S2, the event brought together CFOs, sustainability leaders, investors, and data experts to explore how climate and nature assessments, backed by strong ESG data governance, are driving meaningful progress and business impact in the profession.
Indeed, training remains a cornerstone of our mission, whether it is building capacity in sustainability reporting, or fostering the next generation of CPAs. The Institute is advancing the future competitiveness of the city’s professionals through programmes like the Certificate on Sustainability Reporting and the Certificate in Accounting and Business equipping them with cross-disciplinary, sustainability-focused skills essential for today’s dynamic global financial landscape.
Meanwhile, we continue to foster international collaboration and professional mobility through landmark agreements to enhance career mobility and professional opportunities for our members within an increasingly interconnected global accounting environment, reinforcing Hong Kong’s stature as a leading international accounting hub. Read about all these efforts to build capacity and equip our members in this issue’s Institute Insights.
“The Institute is advancing the future competitiveness of the city’s professionals...
equipping them with cross-disciplinary, sustainability-focused skills essential for today’s dynamic global financial landscape.”
Our commitment to nurturing talent and building trust also took us beyond Hong Kong to the rest of the Mainland. The annual visit to Beijing in May brought us to meet with seven organizations, including the Ministry of Finance of the People’s Republic of China, Hong Kong and Macao Work Office of the State Council of the People’s Republic of China, Chinese Institute of Certified Public Accountants. These meetings enabled closer ties with our Mainland counterparts, opening pathways for deeper cooperation and knowledge exchange.
In line with this dynamic engagement, we recently signed memoranda of understandings with 10 leading universities across the Mainland. This initiative promotes academic exchange, professional excellence, and will nurture the next generation of accounting talent, seamlessly bridging our professional community across borders. This partnership will facilitate joint initiatives, including the dissemination of exclusive industry insights and Qualification Programme (QP) updates through the New Partnership Scheme, and will facilitate the administration of QP module exemption assessments for designated courses.
As we reflect on these achievements, it’s also important to highlight a few recent events that embody our commitment to engaging the profession and our members.
Over the past few months, we’ve held several President’s Luncheons to connect with members face-to-face and gather feedback – a vital part of our ongoing improvement. While this year’s sessions have concluded, we look forward to continuing the conversations at the upcoming annual Members’ Forum, further strengthening member engagement and idea-sharing across our community.
Building on this spirit of engagement and collaboration, the CPA Sports Carnival 2025, co-organized with the Society of Chinese Accountants and Auditors, brought together over 1,000 accounting professionals and their families at Hammer Hill Road Sports Ground for a day of athletic competitions and wellness activities.
Whether on the sports field or through our professional initiatives, the HKICPA community exemplifies the values of perseverance, innovation, and collaboration. Let us continue to harness these strengths to build trust, nurture talent, and drive transformational growth for a vibrant and sustainable future. Thank you for your continued dedication and support.
Edward Au
President
