Greater Bay Area development to create steady demand for accounting professionals, ACCA boss says
- International accounting guild ACCA says its mainland China membership grew by 20 per cent over the last five years to 29,000
- The number of accountants in Hong Kong is expected to grow after remaining flat over the last few years as business picks up in the post-Covid era, a lawmaker says
The demand for accounting professionals in mainland China has been steadily rising over the past few years, and is only expected to increase further with the development of the Greater Bay Area, according to industry experts.
ACCA, an international accounting body, said its membership numbers in mainland China had increased by 20 per cent to 29,000 in the five years to March 2022, representing 12 per cent of its global total of 241,000.
There are another 169,000 prospective members on the mainland in the form of those studying to qualify as accountants.
“We have seen the demand for accountants rising across China to meet business growth goals, especially post-Covid, following the hiring backlog created by the pandemic,” said Helen Brand, the CEO of ACCA, in an interview with the Post during a recent visit to Hong Kong.
She expects the ACCA’s overall membership to hit the 250,000 mark this year as more accountants qualify in China.