Hong Kong! World No. 1 again!

Recently, the Fraser Institute, a leading Canadian think tank, released itsAnnual Report on Economic Freedom in the World 2024Hong Kong is the leading economy among 165 economies in the world, rated"The world's freest economy"Take it away."World's First"The Throne!

01

fact

return to world number one

Hong Kong's overall score8.58 points(out of 10), 0.02 points higher than last year, and 0.3 points higher than second place Singapore, which regained its position as the world's freest economy; Singapore scored 8.56 points, down 0.01 points. The third place is Switzerland, with a score of 8.53 points.

The Annual Report on Economic Freedom in the World 2024 scores out of 10 on the following five major dimensions; among them, Hong Kong's position in the"Freedom of international trade"up to"Regulation"All in first placein"Sound money"The ranking also rose toworld's third largestThe

• Freedom of international trade:Hong Kong scored 9.66 and ranked 1st in the world

• Regulation:Hong Kong scored 8.86 and ranked 1st in the world

• sound money: Hong Kong scored 9.53 and ranked 3rd in the world

• The legal system and property rights:Hong Kong scored 7.49 and ranked 21st in the world

• Size of Government:Hong Kong scored 7.34 and ranked 45th in the world

02

Relevant rankings fully reflect

International recognition of the advantages of the free market

Hong Kong's success in the ranking of financial centers and the ranking of the world's freest economies, one after another, is actually no coincidence. As a spokesman for the SAR Government said:

Benefiting from Hong Kong's free market and favourable business environment, as well as the unique institutional advantage of "one country, two systems", more than 9,000 overseas and Mainland enterprises have chosen to base themselves in Hong Kong, making full use of Hong Kong's role and functions as a "super-contact person" and "super-value-added person". Over 9,000 overseas and Mainland enterprises have chosen to base themselves in Hong Kong, capitalizing on Hong Kong's role and function as a "super contact person" and "super value-added person".Robbing businesses

Since the end of 2022 to date, there have beenOver 100 key startups from around the worldlocating or expanding their business in Hong Kong, they will beInvestment of over HK$50 billionCreateMore than 15,000 jobs.

In the first nine months of this year, Invest Hong Kong assisted 470 mainland and overseas enterprises in setting up or expanding their business in Hong Kong, which is higher than the same period last year.Increase of approximately 57%The

In the area of talent grabbing

In terms of attracting talent, from the end of 2022 to September this year, the various talent programs received a total ofOver 380,000 applicationsThe middle groundNearly 240,000 approvedapproximately160,000 people have already come to Hong KongThe

All these figures reflect the strong attraction of Hong Kong to enterprises and talents at home and abroad.

In addition.The latest policy address has also re-emphasized Hong Kong's pressing need for talents.

Among other things, the list of Highly Talented Persons (HSP) has been expanded again to cover top talents in more fields and industries. At the same time, the Quality Migrant Admission Scheme (QMAS) and the Specialized Talent Scheme (SPTS) have also been optimized, with a view to enhancing the efficiency and attractiveness of the vetting and approval process, and to provide opportunities for more professionals who aspire to develop their careers in Hong Kong.

There are alsoA number of measures are in place to support the development of SMEs in Hong Kong.

All in all, the rising ranking is not only an affirmation of Hong Kong's strength, but also an anticipation of its future development. It also representsHong Kong still has very strong strength and development potential in the competition for global financial centers.

The future of Hong Kong is full of opportunities! If you are interested in obtaining a Hong Kong identity and investing in Hong Kong, please feel free to enquire!