According to an article by Hong Kong Legislative Council member Carmen Kan published in Ming Pao on June 26, Hong Kong’s *Inland Revenue (Amendment) (Automatic Exchange of Information) Bill 2026* was passed by the Legislative Council on June 17, primarily aimed at optimizing the registration of reporting institutions, record-keeping, and penalty arrangements under the Automatic Exchange of Information (AEOI) framework.

The article noted that the bill for the *Crypto-Asset Reporting Framework (CARF)*, which adopts a similar compliance framework, has also entered the review stage. Kan expressed welcome for the authorities to follow up on optimization suggestions during the review of the crypto-asset bill, including directors' record-keeping responsibilities after entity dissolution, statutory defense clauses, and the scope of administrative penalties.