Hepatitis B virus (HBV) is responsible for more than 50% of hepatocellular carcinoma (HCC) in HBV hyperendemic areas like the Asia-Pacific region. Several hepatitis B viral factors are involved in HBV-related hepatocarcinogenesis. Hepatitis B viral load has been confirmed to be the most important risk factor of HCC development. In addition, HBV integration, HBV genotype C, core promoter mutations are also associated with risk of HCC development. For untreated chronic hepatitis B (CHB) patients, the estimated HCC incidence rates per 100 patient-years were 0.03-0.17 in inactive carriers, 0.07-0.42 in asymptomatic carriers, 0.12-0.49 in chronic hepatitis, and 2.03-3.37 in cirrhosis. Complementary to HBV DNA, the serum levels of HBsAg and HBcrAg can predict the occurrence of HCC for untreated patients with low and intermediate viral loads, respectively. For patients receiving antiviral therapy, the risks of HCC occurrence are decreased by 40-60% than untreated patients. The treated patients with residual detectable HBV DNA or intrahepatic cccDNA are still having HCC risk. The serum levels of HBcrAg, M2BPGi and FIB-4 index are predictive of the risk of HCC development in treated patients. Several well developed HCC risk scores help clinicians identify high-risk CHB patients for HCC surveillance, irrespective untreated or treated patients. 4Through these strategies, the goals of diverting the threat of HCC and prolonging the survival of CHB patients will be achievable.