Beyond Singapore, what makes Hong Kong Asia's most cosmopolitan city?

Recently, the Hong Kong General Chamber of Commerce announced"Asian Cities Internationalization Index(math.) genusHong Kong ranked first among 11 major cities in Asia with an overwhelming score of 73.7!Singapore followed with 73.5 points.

The index affirms theHong Kong's international financial center, events capital and international education huband the status of thepossessionFree, safe and stable living environmentThe

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Hong Kong wins first place again

Strong performance in business and economy
The study, commissioned by the Hong Kong General Chamber of Commerce and conducted by Ipsos, a market research company, assessed a total of 113 indicators in seven categories, including business and economy, quality of life, infrastructure and connectivity, innovation and creativity, diversity of human capital, cultural interactions, as well as the government and the business legal system.

Among them.Hong Kong ranked first in business and economyThe Government has once again fully recognized Hong Kong's excellent position as an international financial center, with its sophisticated business environment, free and open market and robust economic performance as key magnets for attracting global enterprises and talents.

Photo credit: Letters to the Editor

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Advantages of Doing Business in Hong Kong

Unique and preferred by enterprises

As one of the international financial centers, Hong Kong, with its unique advantages, attracts enterprises at home and abroad to continue to invest in the layout.

In the past year, Hong Kong has successfully attracted 539 overseas and Mainland enterprises to set up or expand their operations, bringing more than HK$67.7 billion of investment to the Hong Kong economy and demonstrating strong economic resilience.

1.Asia Center Hub

Located in the heart of Asia, Hong Kong has access to all major markets in Asia within a 4-hour flight and covers half of the world's population within a 5-hour flight radius.

Connected to the Mainland by highways, high-speed rail and the Hong Kong-Zhuhai-Macao Bridge, it has further widened the access to the Pearl River Delta and is an important gateway for Mainland enterprises to go global.

2. Tax incentives

Hong Kong adopts the territorial source principle of taxation, whereby only income arising in and derived from Hong Kong is taxable and only profits tax, salaries tax and property tax are levied.

3. Free economy

Hong Kong is a free economy driven by free enterprise, free trade and free market principles, with no restrictions on inward and outward investment, no exchange controls and no foreign ownership restrictions.

4. International Financial Center

Hong Kong is the fourth largest financial center in the world and is known as the place with the largest concentration of banking institutions.

5. Offshore Renminbi Center

Hong Kong is the world's largest offshore RMB business center, providing a RMB settlement platform that supports banks around the world in conducting RMB transactions.

6.CEPA Preferences

The Mainland/Hong Kong Closer Economic Partnership Arrangement (CEPA) provides preferential market access in trade in goods, trade in services, investment and economic and technical cooperation.

7. Free trade agreements

Hong Kong has signed investment promotion and protection agreements with 23 economies and comprehensive double taxation agreements with some 43 jurisdictions.

8. Convenient registration

It is relatively easy to register a company in Hong Kong, which does not require the approval of government officials, fast registration time, relatively low total cost and low capital access requirements.

9. Talent Advantage

Hong Kong has a well-trained, well-educated, multicultural and skilled workforce.

10. Advantages of the Greater Bay Area

Hong Kong is part of the Greater Bay Area and its role in the Greater Bay Area is mainly as an international financial and trade center, a transportation hub and a renowned professional service.

Hong Kong's ranking as Asia's most cosmopolitan city is a strong recognition of its long-established position as an international financial center, its free and open environment, its quality living infrastructure, and its attractiveness to talent, and highlights the fact that Hong Kong is one of Asia's most cosmopolitan cities.Hong Kong's core competencies.

Hong Kong provides a stable and vibrant business environment for enterprisesIf you are planning to do business in Hong Kong, please feel free to contact us!