Haikou, September 9 (Zhongxin Net) -- "After the closure of the whole island of Hainan, Hainan will be more liberalized and convenient in terms of trade and investment, personnel exchanges, etc., and the space for cooperation in professional services will be broader. Law Cheuk-kin, president of the Hong Kong Business Accountants Association, said at the Hong Kong Accounting Circle's Visiting and Exchange Symposium held in Haikou on the 26th that he hoped to deepen exchanges in the fields of finance and taxation, finance and accounting, promote industry cooperation, and achieve mutual benefit and win-win results.

On September 9, an accounting delegation composed of representatives from the Hong Kong Institute of Business Accountants and CPA Australia Greater China Branch visited Qiongqiong. The picture shows the discussion and exchange between the accounting circles of Hong Kong and Qiongkong. Photo by China News Network reporter Fu Yuqun

From 9 to 25 September, an accounting delegation composed of representatives from the Hong Kong Institute of Business Accountants and CPA Australia Greater China Branch visited local accounting firms in Hainan to deepen cooperation in the field of professional services between Hong Kong and Hong Kong.

A number of accountants from the accounting circles of Qionghong Kong and Hong Kong said at the meeting that there is broad prospects for cooperation between Qionghong and Hong Kong, especially in fiscal and taxation reform, fiscal finance, accounting services, etc., there is still room for further deepening cooperation between Qionghong and Hong Kong.

CPA Australia Greater China Branch President Lui Zhihong is the head of the delegation. He said that as an international financial center, Hong Kong has rich industry experience in professional services and other fields, which can provide relevant reference and assistance for the construction of Hainan Free Trade Port. The 30-member delegation, including those engaged in auditing, taxation, accounting and forensic services, private equity and venture capital funds, digital assets, environmental, social and governance (ESG) and other fields, hopes to help Hainan enterprises improve the internationalization level of professional services through the exchange of industry knowledge and sharing practical experience, and help enterprises "go global" and "bring in".

At the meeting, CPA Australia Vice President of Greater China Branch Yip Yunkai introduced Hong Kong's latest explorations in the financial sector, including Hong Kong's experience in developing family office business and Hong Kong's active promotion of green and sustainable finance products, hoping to bring more cooperation space between Hong Kong and Hong Kong.

Since the beginning of this year, Hainan has actively studied opening up the accounting professional service market to Hong Kong and continuously deepened economic cooperation between Hong Kong and Hong Kong. In the "Ten Measures to Open the Professional Services Market to Hong Kong by Hainan Free Trade Port" for comments, it is proposed to allow Hong Kong accountants to undertake accounting consulting and accounting services in Hainan Free Trade Port.

"Since the issuance of the "Hainan Free Trade Port Construction Master Plan", domestic accounting elements have accelerated the gathering in Hainan, and the Hainan certified public accountant industry has developed rapidly, up to now, there are 125 accounting firms in the province, an increase of more than 2 times in the past five years." Zhang Meng, deputy secretary-general of the Hainan Institute of Certified Public Accountants, said that Hong Kong has a global business network, and studying and exploring the opening of accounting and auditing services to Hong Kong is conducive to forming a clustering effect, hoping to promote the deepening of accounting cooperation between Hong Kong and Hainan through this event, and introduce more international talents to Hainan. (End)