The Hong Kong Institute of Certified Public Accountants (CPA Australia) has called on the Hong Kong government to continue its reform efforts, particularly in its upcoming Policy Address, to maintain the city's international standing.

Ye Yunkai, President of CPA Australia's Greater China Division for 2024, stated that the institute recommends expanding the diversity of exchange-traded fund (ETF) products to enhance trading activity. Additionally, the Hong Kong government should consider providing more comprehensive information to help the public understand complex concepts such as digital assets.

To establish Hong Kong as a leading region for Web 3 and virtual assets, CPA Australia proposes the creation of a dedicated Web 3 development task force that integrates the development and regulation of these technologies.

Regarding the further development of Hong Kong as an international innovation hub, the institute believes that the government should consider whether a comprehensive regulatory framework for the safe use of artificial intelligence (AI) is necessary. This framework could be either risk-based or rule-based. The CPA Australia also recommends measures in the Policy Address to support small and medium-sized enterprises (SMEs) in adopting AI solutions, rapidly enhancing technology, increasing SME's network flexibility, and improving employee digital skills.