The Chartered Institute of Management Accountants outlined its strategic policy recommendations to drive long-term growth for Hong Kong.
The move comes ahead of the 2025 Policy Address of John KC Lee, GBM, SBS, PDSM, PMSM, Chief Executive of the Government of the Hong Kong Special Administrative Region.
In its submission, CIMA outlines the following key recommendations:
- Celebrating Hong Kong as a key financial capital market by delivering policies that promote its strengths and long-established role as the international gateway to the capital markets, enhancing its attractiveness and competitiveness.
- Prioritising long-term economic growth through a future-looking agenda that appeals to local, regional, and international business and finance communities, fostering a resilient and competitive business environment.
- Diversifying the economy beyond finance and trade through a holistic Industrial Strategy spanning business, education, technology, and infrastructure, providing long-term certainty, supporting investment, and positioning Hong Kong to lead in the wider regional and global economy.
- Setting a proportionate and predictable regulatory framework that enables businesses to plan with long-term confidence, allocate resources effectively, and invest in innovation and talent development. This will reinforce business confidence, attract investments, and enhance Hong Kong’s reputation as a premier global business destination.
- Providing policy certainty through a stable and predictable policy environment to strengthen Hong Kong’s position as a trusted and forward-looking global business hub.
- Leading the business sustainability agenda by devising targeted legislation and enforcement mechanisms to address greenwashing, maintain market integrity, and enhance public trust. As Hong Kong introduces the new HKFRS Sustainability Disclosure Standards, the Government must continue to promote sustainable business practices, encouraging investment, strengthening resilience, and supporting inclusive economic development.
- Focusing on education by giving more prominence to policies that support the educational demands of the future workforce, including the promotion of STEM (Science, Technology, Engineering and Maths) subjects, and the recognition of accountancy as a STEM subject. CIMA also continues to support expanding the Continuing Education Fund (CEF) to include global professional qualifications and credentials, delivered by digital providers outside Hong Kong, boosting career development and enabling businesses to access a stronger talent pool.
- Promoting Hong Kong as a place to live and work for global talent who value career mobility, job security, long-term professional development, and a fiscal environment that supports a high quality of life. In addition, the Government must continue to strengthen the talent pipeline across both private and public sectors.
