Hong Kong among top freest economies

Hong Kong continues to rank among the top in the Economic Freedom of the World 2023 Annual Report published by the Fraser Institute, coming in second place globally.

Among the five assessment areas in the 2023 report, the city continued to rank top in “Freedom to trade internationally”, and third globally in “Regulation”.

Hong Kong’s scores and rankings in “Size of government” and “Sound money” also improved from those of last year.

In a statement, the Hong Kong Special Administrative Region Government said Hong Kong is one of the most liberal and easiest places to do business in the world, being home to almost 9,000 Mainland and overseas companies. This is a testament to Hong Kong’s distinctive institutional strengths under “one country, two systems”. Hong Kong remains the only place in the world where the global advantage and the China advantage come together in a single economy.