Page 3 - Opportunities of Belt Road Initiative

The Organizer

“World Chinese Accountants Conference - Opportunities of Belt Road Initiative (WCAC)”, the

first of its kind, will be launched by the Society of Chinese Accountants and Auditors (SCAA)
on 18-22 May 2018 at the Hong Kong Convention Centre and in Beijing, with an expected
attendance in the region of 500.

Since the unveiling of the Belt Road Initiative in 2013, it has become the key development
strategy of the PRC government. SCAA believes that Hong Kong could build on this historic
opportunity to leverage its status as China’s most cosmopolitan city while Belt Road Initiative

brings vast opportunities to accountants around the globe. Under the Belt Road Initiative,
accountants would play an important role in developing the financial sector in many of the Belt
Road countries for furthering the growth of their economies. Chinese accountants from all over
the world, in particular, are well positioned to take advantage of the governmental efforts in

Belt Road Initiative due to cultural proximity, local expertise and East meets West
perspectives. On one hand, they can contribute to Belt Road Initiative with their professional
expertise and on the other, they can benefit from exploring the plentiful and diverse
opportunities that arise through close collaborations with the Belt Road countries/cities.

Against this backdrop, SCAA, being one of the leading accountancy bodies in Hong Kong with
a history of 105 years, is indeed well-placed to act as the convenor to serve as the bridge for

accountants along the Belt Road countries.

In line with our visions, the WCAC to be launched in May 2018 will provide the perfect platform

whereby the aims of connecting accountants from all over the world, encouraging the
exchange of professional knowledge and ideas and promoting to Belt Road countries
international standard accounting system and practices could be achieved. As the convenor
of WCAC, SCAA will act in concert with and show full support in the promotion of Belt Road
Initiative and take a proactive role to unite with Chinese accountants in Hong Kong and those

in the Belt Road countries to further the objectives of WCAC.

WCAC marks the beginning of SCAA as a key supporter of Belt Road Initiative. Going forward,

SCAA will work endlessly with Belt Road countries/cities through contributing professional
advice in finance and accounting issues of both domestic and international concerns.

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