Board
The Board of the Accounting and Financial Reporting Council (AFRC) comprises the following members in accordance with the Accounting and Financial Reporting Council Ordinance.

Dr. Sun is the Chairman of the Accounting and Financial Reporting Council. He held the position of Director of Audit at the Audit Commission of the Hong Kong SAR Government from 2012 to 2018. Before joining the Hong Kong Government, Dr. Sun served as the Chairman and Managing Partner of Ernst & Young Greater China and the Far East and was a member of the Ernst & Young Global Executive Board from 2006 until his retirement in 2010. In 2003, he was the President of the Hong Kong Institute of Certified Public Accountants.
Throughout his career, Dr. Sun has held numerous significant roles, including Chairman of the Council at City University of Hong Kong, Chairman of the Mandatory Provident Fund Schemes Advisory Committee, and a member of the Exchange Fund Advisory Committee of the Hong Kong Monetary Authority. He has also served as a Non-Executive Director for the Hong Kong Mortgage Corporation and the Mandatory Provident Fund Schemes Authority, Treasurer for both the Hong Kong University of Science and Technology and Hong Kong Metropolitan University, and a member of the Listing Committee of The Stock Exchange of Hong Kong. Additionally, he has contributed to the Process Review Panel for the Securities and Futures Commission and has been a member of the Hong Kong Housing Authority.
Dr. Sun obtained a Bachelor’s degree of Science in Business Administration from Kansas State University in United States of America, a Master’s degree in Accounting Science from University of Illinois at Urbana-Champaign, and an Honorary Doctorate of Business Administration from the Hong Kong Metropolitan University. He is a fellow member of the Hong Kong Institute of Certified Public Accountants and a member of the American Institute of Certified Public Accountants.

Mr Best was a partner of Deloitte Touche Tohmatsu and is a former President of the Hong Kong Institute of Certified Public Accountants. He has chaired the Hong Kong Institute of Certified Public Accountants Financial Reporting Standards Committee and has also been a member of the Standing Committee on Company Law Reform, the Stock Exchange Listing Committee, the Securities and Futures Appeals Tribunal, the Quality Assurance Council of the University Grants Committee, the Hong Kong Council for the Accreditation of Academic and Vocational Qualifications and the IFRS Advisory Council.

Ms Chan is the Chief Executive Officer of Lee Kee Group, responsible for developing the Group’s direction and long-term policies development. Her expertise in the metal industry and commodity business is complemented by her leaderships, she actively leads the industry in strategic planning and market development.
Clara serves the Operations Review Committee of the Independent Commission Against Corruption, the Listing Review Committee and China Commodities Advisory Group of HKEX. Also, the Executive Deputy Chairman of the Federation of Hong Kong Industries.

Mr Chan has been the Chief Investment Officer of Hong Kong Cyberport Management Company's Macro Fund since 2018. He is President of the Hong Kong Venture Capital and Private Equity Association, having served as its Chairman from 2007 to 2011, and assumed the Chairmanship of the Global Venture Capital Congress (GVCC) in 2024.
He has been a member of the Market Misconduct Tribunal, established under the Securities and Futures Ordinance of HKSAR, since 2023, and is also a member of the Securities and Futures Appeals Tribunal. Mr Chan serves as an Independent Non-Executive Director of several listed companies.
He was Deputy Chairman of the Listing Committee of the Stock Exchange of Hong Kong 2021-2024 and a member of the judging panel of the HKEx Research Funding Scheme of the HKEx Foundation. From 2000 – 2019, he was the CIO of Softech Investment Management, the manager of the Hong Kong Government Applied Research Fund.
Mr Chan has a BA Hons in Economics from the London Metropolitan University, an MBA from Bayes Business School, City, University of London and a Postgraduate Diploma from FINSIA, Australia.

Mr Fung is an Executive Director and Chief Financial Officer of the Henderson Land Development Company Limited and a non-executive of the Hong Kong and China Gas Limited. He holds the Bachelor of Arts Degree from the University of Hong Kong and the Honorary Fellowship of Lingnan University. He was an executive director and the Head of Global Banking & Markets of Hang Seng Bank Limited. He is the Professor of Practice (Finance) in the School of Accounting and Finance of the Hong Kong Polytechnic University, the Adjunct Professor of the Hang Seng University of Hong Kong.

Ms Hui is a Partner of Iu, Lai & Li Solicitors and Notaries. She specializes in corporate finance and commercial matters, with a focus on listed companies, and also maintains a practice in wealth planning and family trust law.
She serves as a member of several public bodies, including the Independent Police Complaints Council, the Corruption Prevention Advisory Committee of the Independent Commission Against Corruption (ICAC), Sham Shui Po District Fight Crime Committee and the Insurance Appeal Tribunal.

Mr Hung is a Past President of the Law Society of Hong Kong. He is currently the Chairman of the Law Society’s Legal Education Committee and Criminal Law and Procedure Committee.
In his own capacity, Mr. Hung serves as the Chairman on the Board of Review (Film Censorship), and the Vice Chairman of Professional Services Advancement Support Scheme Vetting Committee. He is also the Convenor of Disciplinary Tribunal of the Financial Dispute Resolution Centre, and a member of Law Reform Commission, Duty Lawyer Service Council, the Standing Committee on Judicial Salaries and Conditions of Service, and the Securities and Futures Appeals Tribunal.
Mr. Hung is an Adjunct Professor of Law of the Hong Kong Shue Yan University and the Law School of Beijing Normal University. He is also a Visiting Professor of the Faculty of International Law of China University of Political Science and Law in Beijing, China and a part-time tutor in the Faculty of Law of University of Hong Kong.

Ms Kwok has been serving China Construction Bank (Asia) Corporation Limited for over 37 years and is now the Non-Executive Director of the bank. She is the Chairman of the Process Review Panel for Securities and Futures Commission, and a member of the Council of City University of Hong Kong, Risk Management Committee of the Hong Kong Exchanges and Clearing Limited, as well as the Standing Committee on Judicial Salaries and Condition of Service. Ms Kwok graduated with an Honorable Bachelor of Social Sciences Degree in Economics and Management from the University of Hong Kong in 1984, and graduated with honors from the Graduate School of Retail Bank Management of the Consumer Bankers Association in the United States in July 2001.

Ms Lai is the Chief Executive Officer (CEO) and Executive Director of the AFRC since April 2024. Ms Lai joined the AFRC in August 2022 as the Head of Inspection and took on the additional role of Acting CEO in October 2023. With decades of experience in Mainland China and Hong Kong, her background includes auditing, talent development and business transformation. Ms Lai has extensive knowledge of regulatory frameworks and cross-border compliance. Before joining the AFRC, Ms Lai was a Partner of two leading international accounting firms for over 17 years. She has a Bachelor of Economics from the University of Sydney and is a fellow member of the Hong Kong Institute of Certified Public Accountants and CPA Australia.

Ms Leung served as Vice Chair, International of CPA Australia until June 2024 and was Executive General Manager International from 2018 to 2023. She oversees strategies and operations for international markets, including Europe, Greater China, Indonesia, India, Sri Lanka, Malaysia, the Philippines, Singapore, Vietnam, and the UAE, leading over 50,000 members. She is an Honorary Advisor for Greater China to CPA Australia.
With over 40 years in accountancy, Ms Leung has held roles at Ernst & Young and PricewaterhouseCoopers in Hong Kong, as well as in the financial services and hospitality sectors in Hong Kong and Canada before joining CPA Australia. In recognition of her expertise, she was named an Accounting Advisor for Hong Kong by the Chinese Ministry of Finance in 2021.
Ms Leung has also served on advisory boards and committees for universities in Hong Kong and Australia.
A fellow member of CPA Australia, Ms Leung also belongs to several professional organisations, including the Hong Kong Institute of Certified Public Accountants and the Chartered Professional Accountants of Canada. She holds a Bachelor of Commerce degree from the University of British Columbia, Canada.

Dr Lin is a Senior Partner of Davis Polk & Wardwell. His practice focuses on corporate finance and mergers and acquisitions.
He serves as Director of the Hong Kong Investment Corporation and is a member of the Exchange Fund Advisory Committee at the Hong Kong Monetary Authority.
Dr Lin holds an A.B. degree from Harvard University, J.D. degree from Harvard Law School and D.Phil. degree from Oxford University.

Mr Lip is a seasoned executive with over four decades of leadership experience in accounting, auditing, and corporate governance. Appointed as an Independent Non-Executive Director of the Company and BOCHK in June 2023, he chairs the Audit Committee and contributes to the Risk, Strategy and Budget, and Sustainability Committees, playing a vital role in shaping governance and strategic direction.
During his illustrious career at Deloitte China, Mr Lip held senior leadership roles, including Audit Managing Partner, Chief Quality and Ethics Officer, and Reputation and Risk Managing Partner. His tenure on Deloitte’s Management Committee saw him leading initiatives in risk management, operational excellence, and ethical leadership—establishing him as a trusted authority in the profession.
Mr Lip is a fellow member of the Hong Kong Institute of Certified Public Accountants and the Association of Chartered Certified Accountants. He is widely recognized for his expertise in corporate governance, risk management, and sustainability, making him a sought-after voice in professional forums.

Mr Lui was the Executive Director (August 2006 – August 2019) of the Supervision of Markets Division of the Securities and Futures Commission (SFC). During his service at the SFC, he was the Chairman of the Investor Compensation Fund Committee and the Securities Compensation Fund Committee, and a member of the Advisory Committee, Investment Committee, and SFC (HKEC Listing) Committee. He was also a member of the Statutory Risk Management Committee of Hong Kong Exchanges and Clearing Limited. He had worked for various financial institutions in the US and Hong Kong in the areas of deposit taking and lending, asset management and investment banking.

Professor Mo is currently the Professor and Head of the Department of Accountancy at Hang Seng University of Hong Kong. Previously, Professor Mo served as Professor of Accountancy at the City University of Hong Kong (2011-2024) and Lingnan University (2006-2011). She was a member of the Auditing & Assurance Standards Committee of the Hong Kong Institute of Certified Public Accountants, a member of Board of Review (Inland Revenue Ordinance, Hong Kong), and a Specialist of Hong Kong Council for Accreditation of Academic & Vocational Qualifications (HKCAAVQ). Currently, she is a member of the Sustainability Assurance Advisory Panel of HKICPA.

Mr Yuen has over 30 years of experience in finance and accounting for various companies, including multinationals, with the last position as the Area Finance Director of Pepsi-cola International, and Hong Kong listed companies, with the last position as the CFO of Hsin Chong Construction Company Ltd.