Hong Kong maintains leading position as the world’s freest economy

HONG KONG SAR– Media OutReach Newswire — 7 October 2026– Hong Kong has actually once again been ranked as the world’s freest economy, according to the Economic Freedom of the World 2026 Annual Report, released on October 6 by the Canada-based Fraser Institute. Hong Kong stayed leading amongst 165 jurisdictions worldwide with Switzerland in 2nd location.

The Hong Kong Special Administrative Region(HKSAR)Government invited the most recent report, keeping in mind that, amongst the 5 locations of evaluation, the city continued to be ranked initially internationally in “Freedom to trade worldwide”and 2nd in” Regulation”.

” The Fraser Institute’s report as soon as again verifies Hong Kong’s strengths as a free-market economy and its open, effective and reasonable service environment,”a representative for the HKSAR Government stated. “Amid increasing international financial unpredictabilities and increasing trade protectionism, Hong Kong stays strongly devoted to preserving its complimentary port status, zero-tariff policy, and basic and low tax routine, offering a safe, steady, reasonable, foreseeable and internationalised company and financial investment environment for financiers and business owners from all over the world.”

“One nation, 2 systems” benefits

The HKSAR Government highlighted that, under the “one nation, 2 systems” structure, Hong Kong delights in the strong assistance of the Chinese Mainland and preserves close connections with the remainder of the world.

“While providing hassle-free access to both the Chinese Mainland and global markets, Hong Kong continues to practice typical law in both Chinese and English,” the representative stated. “It likewise uses monetary, shipping, trading and expert services that line up effortlessly with global finest requirements, supported by an effective federal government structure and a tidy and expert civil service.”

These strengths allow Hong Kong to completely take advantage of its functions and functions as a ‘extremely adapter’ and ‘incredibly value-adder’, making it the very best entrance for Mainland business to get in global markets and for abroad business to get in the Mainland.

Drawing in financial investment and skill

Far this year, Hong Kong has actually continued to scale brand-new heights in different global competitiveness rankings covering financing, development and innovation (I&T), education and skill, showing large acknowledgment by the worldwide neighborhood of Hong Kong’s core strengths and the HKSAR Government’s efforts to promote top quality social and financial advancement.

Hong Kong’s beneficial organization and living environment, combined with the proactive and collective efforts of the HKSAR Government and all sectors of the neighborhood, continues to bring in business and skill from around the world.

In 2015, the variety of business in Hong Kong with moms and dad business overseas or in the Mainland surpassed 11,000, a boost of 11 percent over 2024 and a record high.

The Office for Attracting Strategic Enterprises (OASES), developed by the HKSAR Government in 2022, has actually effectively brought in over 120 tactical business to date, consisting of numerous worldwide market leaders with a market capitalisation or assessment surpassing $100 billion and having advanced innovations.

On skill tourist attraction, from end-2022 to August this year, over 670,000 applications were gotten and over 470,000 were authorized under different skill admission plans, with more than 310,000 people having actually shown up in Hong Kong.

Over the previous year, Hong Kong tape-recorded significant development in funds raised through going publics, bank deposits and properties under management in the property and wealth management service, showing global financiers’ self-confidence in and acknowledgment of Hong Kong.

Looking ahead

Last month, the HKSAR’s Chief Executive, John Lee, revealed the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030) (Hong Kong’s First Five-Year Plan) and the 2026 Policy Address.

Hong Kong’s First Five-Year Plan mentions that Hong Kong will stay dedicated to a totally free and open financial system and the totally free circulation of capital, items, individuals and info, all of which are Hong Kong’s core strengths under the “one nation, 2 systems” structure.

“These efforts will inject more powerful motivation into social and financial advancement, open more comprehensive advancement potential customers for regional business and the general public, and offer higher chances for business, financiers and skill worldwide,” the spokesperson stated.

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