The Government announced today that the Chief Executive has, pursuant to the Accounting & Financial Reporting Council Ordinance, appointed David Sun as Chairman of the Accounting & Financial Reporting Council (AFRC) for two years starting January 1, 2025.

Mr Sun was Director of Audit between 2012 and 2018, prior to which he was President of the Hong Kong Institute of Certified Public Accountants and Chairman of an international audit firm.

Aside from noting that Mr Sun is an esteemed accounting veteran with abundant experience in public administration, financial markets, and the audit profession, Financial Secretary Paul Chan said that he is also committed to public service and commands respect from the accounting sector.

“I look forward to the AFRC's continued efforts under the leadership of Mr Sun in regulating local financial reporting and driving the development of the accounting profession, thereby contributing to the further development of the financial markets and corporate governance in Hong Kong."

Mr Chan added that the outgoing council chairman Kelvin Wong has made remarkable contributions during his tenure, including leading the AFRC in the smooth implementation of the accounting and audit regulatory reforms, and bringing the regulatory regime in line with international developments in an orderly manner.

“I would like to thank Mr Wong for his endeavours and contributions over the years."