The Hong Kong Institute of Certified Public Accountants plans to launch virtual asset accounting and auditing guidelines in the first half of 2026.

The Hong Kong Institute of Certified Public Accountants (HKICPA) responded to Hong Kong Chief Executive John Lee's Policy Address, which outlined a variety of measures to boost economic development. The statement noted that innovative technology will become a new driver of growth for Hong Kong and the global economy. As the standard-setter for Hong Kong's accounting profession, the HKICPA is developing appropriate guidance on accounting and auditing for virtual assets and related matters, with an expected release in the first half of next year. Furthermore, it recommends implementing measures to complement the existing patent box mechanism, including the launch of an intellectual property financing sandbox and the promotion of intellectual property transactions, to encourage local innovation and technology activities and enhance Hong Kong's competitiveness in related fields. Further development of the digital asset market is also recommended. (Aastocks)