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Frequent commercial activities leads to the great demand for account professionals
Under the effects of Mainland China entering WTO and economic globalization, cross-border commercial activities have rapidly increased. Many cross-border companies including Hong Kong's companies invest in the Mainland. On the other hand, mainland corporates are undergoing internal reforms in order to enhance their competitiveness. They also raise capitals in local, Hong Kong and overseas stock markets. Frequent commercial activities not only increased the demand for account professionals, who will have great opportunities for development, but also encounter other challenges.
Commercial activities becoming globalized
Near to the Mainland market is Hong Kong's comparative advantage. Besides, local accountants are biliterate and trilingual. They have thorough knowledge in Chinese culture, which help them easily get used to live in the Mainland. They act as a bridge between the Mainland corporates and overseas markets. The challenges are, due to the globalization of commercial activities, that accountants need to gain deeper knowledge in laws and regulations of different countries. Besides, the change of commercial principals, audit principals, commercial operations and listing regulations has recently become complicated and frequent. Thus, the requirement for accountants' professional knowledge and all-round capability is extremely high.
International-recognized qualification is fundamental
Facing globalization, corporates highly value international recognitions of professional account qualifications. Hong Kong is an international commercial center that contacts different cultures internationally. When our colleagues work in the Mainland, they can display to the Mainland colleagues their worldwide insights and a different working mode. As a result, it will be mutually reciprocal for both sides to have interactions.