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At a glance
Deliberating whether to move overseas for career advancement is both exciting and daunting. On one hand, it promises professional growth, cultural exposure and the chance to step outside your comfort zone. On the other, it demands sacrifices including distance from loved ones and navigating unfamiliar systems.
What is at stake is more than a job — it is a lifestyle, identity and career trajectory.
Could Hong Kong be the next stop on your career journey? Here is a snapshot of what it can offer.
This article is part of a spotlight series featuring information for accounting and finance professionals looking to expand their career by working in popular APAC destinations.
Spotlight on Hong Kong
Population: 7.52 million
Land area: 1,115 km²
Time zone: GMT+8
Currency: Hong Kong dollar
Official languages: Chinese and English
A gateway into global markets for many multinational companies, Hong Kong has a long history of welcoming expats. Hong Kong ranks third in the Global Financial Centres Index, just behind New York and London, and takes the top spot for the Asia-Pacific region.
With deep and liquid capital markets, a strong regulatory and legal framework and a unique position between China and global investors, accountants are in high demand in the region, especially in banking, asset management and capital markets. Private wealth is also a key source of employment for accountants, with Hong Kong home to more than 2700 single family offices.
While Hong Kong consistently ranks as one of the most expensive cities in the world for expats, it presents huge career opportunities for accountants.
What industries are thriving in Hong Kong?
Financial services remains the core pillar of the Hong Kong economy, accounting for more than 26 per cent of GDP and over 7 per cent of employment. Its free market economy, tax-friendly business environment, world-class infrastructure and role as a gateway to China make it a key player in global business and investment.
As a regional hub for sustainable finance, the Hong Kong Monetary Authority is extending Hong Kong’s Green and Sustainable Finance Grant Scheme to 2027. Launched in 2021, the scheme supports the issuance of eligible green and sustainable bonds and loans to foster the development of sustainable finance.
Hong Kong is also home to a vibrant capital market. Its stock market is the sixth largest in the world by market capitalisation, recording an average daily turnover of approximately US$32.79 billion (A$47.26 billion) in January to November 2025. It is also a major hub for IPO activities — last year, Hong Kong’s IPO market reclaimed the top position globally for capital raised, reaching HKD285.8 billion (A$52.77 billion).
Tourism, along with trading and logistics, are also among Hong Kong’s key industries, while its professional services industry is supported by a highly educated, skilled and globally-experienced workforce. The accounting sector is dominated by the global Big Four and supported by mid-tier firms and prominent regional players.
What skills are in demand in Hong Kong?
Finance and accounting skills are in high demand in Hong Kong, with shortages across various sectors including banking, insurance, securities and investment banking. Research from Randstad shows accounting employers in Hong Kong value skills in data visualisation tools like Power BI and Tableau, as well as stakeholder and conflict management, and effective communication skills.
The introduction of Hong Kong’s stablecoin licensing regime in August 2025 is also driving growth in compliance, risk management and blockchain engineering roles in the financial services sector.
Demand for artificial intelligence (AI) talent remains strong, with data scientists, machine learning engineers and AI-product specialists high on the skills list. A recent study by Amazon Web Services shows hiring AI-skilled talent is a priority for nearly 70 per cent of Hong Kong employers, and that AI skills could boost Hong Kong workers’ salaries by up to 28 per cent.
What roles are in demand in Hong Kong?
The Hong Kong economy recorded robust performance in late 2025, supported by a surge in exports, sustained expansion in domestic demand and a booming stock market. This is positive news for finance professionals seeking opportunities in the special administrative region. Data from Morgan McKinley notes that demand for talent in the accounting and finance sector is high, with key in-demand roles including:
- finance business analysts
- finance transformation leads/managers
- internal audit and controls specialists
- project managers (finance change)
- managed shared service centre leaders.
What are the salary expectations for accountants in Hong Kong?
While salaries vary depending on experience and role type, data from Michael Page puts the average base salary for accountants in Hong Kong at HKD420,000 (A$77,650). However, expats with desirable skills or experience could expect higher salaries.
Expats working in Hong Kong for 60 days or more are taxed at the lower of either a progressive rate ranging from 2–17 per cent, or a standard rate of 15 per cent on the first HKD5 million (A$920,000) and 16 per cent on the remainder.
Hong Kong has Double Taxation Agreements (DTA) with countries like India, Malaysia, New Zealand and Singapore, which ensures residents of these countries are not taxed twice. It does not yet have a DTA with Australia, though CPA Australia is advocating for the Australian Government to sign the DTA with Hong Kong.
What might life look like living in Hong Kong?
Recognised for its towering urban skyline, Hong Kong is one of the most densely populated regions in the world, but a surprising 63 per cent of its land is dedicated to protected countryside, including beaches, parks and wetlands. Home to 263 islands, its vibrant arts scene, buoyed by major events like Art Basel Hong Kong and diverse culinary choices add to its appeal as a liveable city.
However, Hong Kong is also known for a high cost of living. Time Out ranks it as the tenth most expensive city in the world for expats and rental costs may take a significant cut of a pay packet (although house allowances may apply to some salary packages).
In areas such as Mid-Levels or Discovery Bay, which are popular among expat families due to their close proximity to expat schools, rent can range from HKD40,000–50,000 per month (A$7370–9210) for a three-bedroom apartment. In the exclusive Peak area, rent for a three-bedroom apartment can soar beyond HKD100,000 (A$18,000) per month.
The Mass Transit Railway (MTR) system covers all major districts in the territory, including stops at the border with Mainland China. MTR ticket prices start from about HKD4.50 (A$0.83).
While ride hailing apps like Fly Taxi are useful for booking taxis, Hong Kong’s Transport Department’s travel app HKeMobility provides useful information about various forms of public transport. An Octopus card can be used to pay in most instances, while contactless debit and credit cards are also widely used.
Hong Kong’s iconic Star Ferry service provides one of the best ways to enjoy the skyline. A service from Central to the bustling shopping district of Tsim Sha Tsui costs HKD5 (A$0.92) for a top-deck seat.
Work culture in Hong Kong tends to be hierarchical and business practices thrive on strong relationships. Work hours are generally considered to be long, with an average working week stretching from 40–50 hours.
Hong Kong’s cosmopolitan environment blends Chinese traditions with international influences. Expats have long been drawn to its unique energy and career opportunities. Its global status, institutional strength and vibrant financial ecosystem remain strong drawcards for finance professionals.
One member’s advice
Cyrus Cheung FCPA, a partner at PwC Hong Kong and CPA Australia’s Greater China divisional president, has worked in Hong Kong all his life.
“Over the years, I have witnessed rapid urban developments and cultural shifts in Hong Kong.
“For finance professionals relocating here, understanding its dynamic work culture is essential. The city is renowned for its fast-paced, competitive environment, with a strong emphasis on efficiency and results. Although tight deadlines may lead to long working hours, companies increasingly recognise the importance of work–life balance, offering flexible work arrangements and wellness programs.
“Building strong working relationships in Hong Kong requires respect for hierarchy and clear communication. Networking is vital, making attendance at industry events and engagement with local professional groups highly beneficial.
“Hong Kong also boasts a vibrant social scene, exceptional dining options and a variety of recreational activities. Embrace the city’s multicultural atmosphere and diverse community to fully enrich your experience.”
