Accountancy seen as key to China's lead in finance

A global association of accountancy professionals expects China to play a more significant role in promoting globalization and in developing international financial standards and regulatory frameworks.

The Association of Chartered Certified Accountants or ACCA said the China-led Belt and Road Initiative has the potential to connect participating countries "in a truly modern and mutually beneficial way".

The B&R Initiative is exciting as the nation's accelerating opening-up will "increase prosperity and bring in invaluable cross-cultural exchanges", said Helen Brand (pictured), chief executive of ACCA.