Hong Kong’s Securities and Futures Commission (SFC) and Accounting and Financial Reporting Council (AFRC) signed a new memorandum of understanding today, expanding cooperation to financial and compliance reporting by licensed corporations, SFC-licensed virtual asset service providers (firms handling digital-asset services), SFC-authorized funds and registered open-ended fund companies. The framework also covers related auditors’ audit and assurance work, information sharing, case referrals, mutual assistance, and coordinated inspections and investigations involving matters of shared regulatory concern.