June 19, 2025 7:38 AM EDT | Supply: Media OutReach
Hong Kong SAR–(Newsfile Corp. – June 19, 2025) – Hong Kong has moved up two locations to rank because the world’s third best financial system, marking the second successive 12 months that town has jumped two locations within the world rankings to achieve its highest place since 2019.
The World Competitiveness Yearbook 2025 (WCY 2025), printed (June 17) by the Swiss-based Worldwide Institute for Administration Improvement (IMD), assessed 69 economies around the globe. Hong Kong made good points in all of the components of competitiveness: “Authorities effectivity” (second), “Enterprise effectivity” (second) “Financial efficiency” (sixth), and “Infrastructure” (seventh). The IMD remarked that the good points throughout all 4 components of competitiveness mirror a broad-based strategy of Hong Kong to attracting non-public sector funding.
“The World Competitiveness Yearbook reveals that Hong Kong’s scores in total phrases and in lots of areas have improved, indicating that the Hong Kong Particular Administrative Area (HKSAR) Authorities’s coverage instructions are on the proper course and that varied insurance policies have yielded outcomes,” mentioned the HKSAR’s Chief Government John Lee.
Hong Kong has ranked among the many prime 10 on this planet for over 20 consecutive years, for the reason that WCY 2003.
Hong Kong rises to World’s No.3 best financial system
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Mr Lee mentioned the rating additionally “affirms Hong Kong’s world-class enterprise atmosphere, reflecting enterprise leaders’ constructive views on its competitiveness and strengths, together with the rule of regulation, impartial train of judicial energy, a easy tax regime with low tax charges, an environment friendly and clear market, a strong monetary system, and a facilitating atmosphere aligned with worldwide finest practices, in addition to free circulation of capital, data, items and expertise, that are affirmed by the enterprise group.”
Regardless of the present unsure world financial panorama and geopolitical turmoil, Hong Kong recorded strong year-on-year GDP development of three.1% within the first quarter of 2025, with full 12 months GDP development anticipated to be 2% to three%.
Completely, 145,053 native corporations have been newly registered beneath the Firms Ordinance final 12 months, bringing the general variety of native corporations registered to a file excessive of 1,460,494, at end-2024. In the meantime, 1,079 newly established non-Hong Kong corporations have been registered, bringing that total complete to an all-time excessive of 15,126.
“Below the distinctive benefits of ‘one nation, two techniques’, Hong Kong enjoys each the China benefit and the worldwide benefit. We’ll proceed to leverage Hong Kong’s position as a ‘super-connector’ and ‘tremendous value-adder’, strengthen worldwide exchanges and co-operation, increase and deepen regional commerce, discover new markets, with a view to constructing a vibrant financial system, striving for growth and enhancing individuals’s livelihoods on all fronts,” Mr Lee mentioned.
To draw extra non-Hong Kong integrated corporations to re-domicile to Hong Kong, the Authorities launched a brand new firm re-domiciliation regime laws final month, offering a easy and accessible mechanism for re-domiciliation to Hong Kong.
Already, two insurance coverage corporations, AXA Hong Kong and Macau (AXA China Area Insurance coverage Firm (Bermuda) Restricted) and Manulife (Worldwide) Restricted have introduced plans to re-domicile to Hong Kong beneath the brand new regime, topic to regulatory approvals.
Hong Kong is actively driving reforms to strengthen and improve its place as a world monetary, commerce, and delivery centre, trawling for companies and skills. The Workplace for Attracting Strategic Enterprises has attracted over 80 strategic enterprises to ascertain workplaces in Hong Kong, bringing about HK$50 billion complete investments within the years to return, and creating over 20,000 jobs.
Among the many sub-factors within the WCY 2025, Hong Kong got here prime for “Tax coverage” and “Enterprise laws” and second for “Schooling”, “Worldwide funding” and “Finance”.
Ranked as a prime three world monetary centre, Hong Kong’s inventory alternate is a key barometer of monetary market efficiency. By Might 30, 2025, inventory market capitalisation had elevated by 24% year-on-year to over US$5.2 trillion.
Notably, the Hong Kong Inventory Change has seen a surge in preliminary public choices (IPOs), with complete IPO funds raised reaching almost HK$79 billion (US$10.12 billion) to date this 12 months, making it the chief amongst main world exchanges.
Hong Kong is among the world’s prime three ranked world monetary centres
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