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Appointments to Financial Reporting Review Panel
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     The Government announced today (July 10) that the Financial Secretary has, under the authority delegated by the Chief Executive, appointed Mr James Liu Hong-yuen, Mr Benson Wong Wai-bong and Professor George Yang Yong as members to the Financial Reporting Review Panel (FRRP), and reappointed Mr Ernest Lee Chun-ho as Convenor of the FRRP for a term of three years from July 16, 2026, to July 15, 2029.
      
     The appointments and reappointments are made in accordance with the Accounting and Financial Reporting Council Ordinance (Cap. 588) (AFRC Ordinance).
      
     The membership of the FRRP with effect from July 16, 2026, is as follows:
 
Convenors (reappointed Convenor marked with #)
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Mr Paul Donald Hebditch
Mr Ernest Lee Chun-ho #
Mr William Lo Chi-chung
Professor Phyllis Mo Lai-lan
Mr Eric Tang Ying-cheung
Mr Tang Yiu-chung
 
Members (new members marked with *)
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Ms Bella Chhoa Peck-lim
Ms Caroline Chiu Su-yuen
Ms Irene Chu Ngar-yee
Mr Benny Chung Koon-chung
Ms Fanny Hsiang Yuet-ming
Mr Alexander Kaung Wai-ming
Mr Lam Chi-ki
Ms Bernardine Lam Sin-yu
Mr Gilbert Lee Man-lung
Ms Alva Lee Yi-ling
Mr Jacob Lee Chi-hin
Mr Jason Li Jiasheng
Mr James Liu Hong-yuen *
Mr Benjamin Lo Man-chuen
Mr Mak Kwong-fai
Mr Ng Chun-man
Mr Simon Ng Wing-fai
Mr Benson Wong Wai-bong *
Professor George Yang Yong *
Ms Elza Yuen Wai-yiu
 
     A spokesman for the Financial Services and the Treasury Bureau said, "The Accounting and Financial Reporting Council (AFRC) is an independent regulator for the accounting profession, playing a crucial role in upholding the integrity of financial reporting and fostering sound corporate governance. Among its statutory responsibilities, the AFRC is empowered to initiate enquiries into non-compliance with legal, accounting or regulatory requirements in the financial reports of a listed entity.
      
     "The FRRP, a statutory body established under the AFRC Ordinance, is indispensable to the discharge of the AFRC’s statutory functions of enquiries. The work of the FRRP will benefit from the rich experience and professional knowledge of the members.
      
     "We would like to take this opportunity to express our heartfelt appreciation to the outgoing members for their valuable contribution to the work of the FRRP in the past years," the spokesman added.
      
     When an enquiry case arises, the AFRC may appoint one Convenor and four or more members from the FRRP to form a Financial Reporting Review Committee which will enquire into the relevant non-compliance of the case. The Committee will submit an enquiry report on the case to the AFRC for consideration and, where appropriate, follow-up action.
 
Ends/Friday, July 10, 2026
Issued at HKT 16:00
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