SOURCE / ECONOMY
Hong Kong ranks as world’s freest economy
Published: Oct 17, 2024 05:23 PM
The view of Hong Kong Photo: VCG

The view of Hong Kong Photo: VCG


The Hong Kong Special Administrative Region (HKSAR) has been ranked as the world's freest among 165 economies, according to the Fraser Institute's latest Economic Freedom of the World report.
 
Commenting on this report, Chinese Foreign Ministry spokesperson Mao Ning said on Thursday that since its return to the motherland, the HKSAR has successfully maintained its status as a premier international financial, shipping and trade hub.

The region has preserved a world-class, free, and open business environment, consistently earning recognition from numerous international institutions as one of the freest and most competitive economies globally, Mao said. 

This reflects the international community's high recognition for Hong Kong's unique advantages and the city's promising development prospects under the "One Country, Two Systems" basic principle, Mao said.

Hong Kong's future will be even brighter and business leaders from around the world are invited to seize the opportunities and share the region's prosperity, Mao added.

Hong Kong Chief Executive John Lee Ka-chiu on Wednesday delivered his annual policy address, where he outlined measures to further elevate the city's status as a global financial and commercial hub.

In response to the measures and visions in the policy address, the Hong Kong Productivity Council told the Global Times that it will actively support small and medium-sized enterprises through a series of offers and support measures, along with the application of innovative technologies to transform, realize and commercialize research and development outcomes, in order to accelerate Hong Kong's transformation into an international information and technology center.

Global Times