KOKO Business Report: Hong Kong Dominates Free Market Status

Hong Kong’s position as the world’s freest economy remains firmly established, according to the latest Fraser Institute’s Annual Report, published on October 6th. The report ranks Hong Kong as the top 165 jurisdictions worldwide, with Switzerland taking second place. This recognition underscores Hong Kong’s continued strength in ‘Freedom to trade internationally’ and ‘Regulation’ – key indicators of its economic freedom.

The HKSAR Government has lauded the report, emphasizing that Hong Kong’s ‘one country, two systems’ framework, which facilitates close ties with mainland China, contributes to its success. This arrangement allows Hong Kong to leverage its position as a ‘super connector’ and ‘super value-adder,’ attracting global businesses and talent.

Specifically, the report highlights Hong Kong’s robust business environment and its ability to connect Mainland China with the rest of the world. The ‘super value-adder’ role enables Hong Kong to be a crucial gateway for businesses seeking to expand internationally. This strategic positioning is a significant advantage for Hong Kong’s economic growth.