Page 5 - Opportunities of Belt Road Initiative

About World Chinese Accountants Conference

WCAC’s program will include a 2-day conference in Hong Kong, a 3-day visit to Beijing and
the 105th Anniversary Gala Dinner of SCAA. With the extensive global network of SCAA and

support from The Chinese Institute of Certified Public Accountants (CICPA), many
renowned professional bodies, eminent speakers, scholars, government officials engaged in
the Belt Road Initiative and practitioners of the accounting profession, they will be brought
together under the roof of WCAC.

SCAA’s 105th Anniversary Gala Dinner is a platform to network under an enjoyable
atmosphere. The 3-day trip to Beijing provides the perfect opportunity for our guests to gain

insight into China’s growth and development, market trend, culture and opportunities in the
profession through meeting with Government departments and accountancy bodies in
China. WCAC will certainly be an enriching experience for all our guests. Look forward to
seeing you all at WCAC!

About the Survey

A large-scale survey is conducting on “Hong Kong Accountancy Profession’s Opportunities

and Challenges in the Belt Road Initiative” by SCAA in collaboration with the the Research
Centre for Sustainable Hong Kong at City University of Hong Kong (CSHK). The survey aims
to identify the role and functions of the Hong Kong accountancy profession under Belt Road
Initiative and the risks they may encounter in exploring such opportunities.

With renowned reputation of professionalism and a key financial hub in the region and our
inseparable bonding with the PRC, Hong Kong is best-positioned to assume the role as the

“super-connector” in the Belt Road Initiative. In the course of development, it is foreseeable
that accountants will be heavily involved in a multitude of occasions. It is therefore pertinent
that Hong Kong accountants have a holistic understanding of emerging opportunities and
potentials and take positive actions to enhance trust and encourage collaboration among

Hong Kong and Chinese accountants around the globe in order to reap the economic
benefits from the operation of this international platform and partnership in the longer term.

The survey results will certainly provide useful guidance for accountants, in particular
Chinese accountants to unfold opportunities and prepare for challenges as the Belt Road
Initiative progresses.

4