AFRC Supports Hong Kong’s First Five-Year Plan and 2026 Policy Address
The Accounting and Financial Reporting Council (AFRC) has endorsed Hong Kong's First Five-Year Plan for Economic and Social Development, as well as the 2026 Policy Address announced by Chief Executive John Lee. The plan aims to align Hong Kong’s economic strategy with national priorities while reinforcing its role as an international financial hub through initiatives like Finance+. AFRC emphasized that expanding cross-border financing channels will open new opportunities in auditing and assurance services. The council also highlighted the importance of green finance, noting it could help establish a structured regulatory framework for sustainability. Additionally, AI integration is expected to boost productivity by transforming traditional accounting practices, allowing professionals to focus on higher-value tasks requiring judgment. AFRC expressed commitment to supporting digital transformation, talent development, and collaboration with stakeholders to enhance Hong Kong’s economic resilience.
Topics: 2026 Policy Address Accounting Regulation AFRC Financial Reporting Five-Year Plan Hong Kong