Inventory｜Hong Kong 2024 is as glamorous as ever! Repeatedly dominating the global

In 2024, Hong Kong is still going strong and continues to make steady progress at a positive pace on the road to rapid advancement.

Speaking at a meeting of the Legislative Council on 19th of this month, the Under Secretary for Labor and Welfare, Mr. Ho Kai-ming, said that as at the end of November 2024, nearly 420,000 applications had been received under the various talent admission schemes and more than 260,000 applications had been approved, with a total of about 175,000 talents arriving in Hong Kong with their family members during the same period.

Hong Kong, with its outstanding performance, is continuously rewriting many of the top global ranking lists for 2024!It has won widespread attention from investors around the world.

#01

World's freest economy

On October 16, the Fraser Institute of Canada released the "World Economic Freedom Report 2024", in which Hong Kong stood out among 165 economies in the world and was rated asThe freest economy.

Among the five major assessment categories covered, Hong Kong ranked among the top three globally in three indicators, of which"Freedom of international trade"together with"Regulation"Both took the top spot in the standings, the"Sound money"It also jumped to the third position in the world.

#02

Hong Kong tops Asia's financial charts

Released September 2024Global Financial Hubs Competitiveness ReportAmong them, Hong Kong's overall rating was the highestthird place! Right behind New York and London, it leads the way in Asia!

In major segments of the financial industry, such asAsset management, insurance, bankingup toProfessional Servicesand other areas have achieved an overall jump in rankings, especially"Investment management"In the field, its global ranking climbed to the first place!

#03

Hong Kong has the third highest average wealth in the world

In the Global Wealth Report 2024, UBS provides in-depth income and wealth data analysis for 56 economies covering 92% of global wealth.

The report reveals that, in dollar terms, Hong Kong adults'Average wealth reaches $582,000(equivalent to approximately HK$4,540,000) atThird highest in the global rankings!

#04

Hong Kong ranks 9th in terms of talents

published by the International Institute for Management Development (IMD) in Lausanne, Switzerland.World Talent Ranking 2024Hong Kong once again ranked among the top 10 in the world with an outstanding performance in the ninth position! This achievement underscores Hong Kong's outstanding strength in promoting talent development, attraction and retention.

#05

Hong Kong ranked fifth in the world in terms of competitiveness

In the June release of the International Institute for Management Development'sGlobal Competitiveness Annual Report 2024Hong Kong's ranking has risen significantly toFifth in the worldThe

exist"International trade"together with"Commercial regulations"In two areas, Hong Kong demonstrated its global leadership by topping the list. Hong Kong also ranked among the top five globally in a number of key areas, including "Tax Policy", "International Investment", "Infrastructure", "Finance" and "Education". "Education", Hong Kong also ranked among the top five globally in a number of key areas.

#06

Hong Kong's existing single home office surpasses Singapore's

The number of family offices is one of the key indicators of the overall strength of a region's wealth management industry.

According to the latest figures revealing that Hong Kong has brought together 2,703 single family offices as at the end of last year.This figure is almost double that of Singapore.This further reinforces Hong Kong's leading position as the preferred destination for family offices and wealth holders worldwide!

#07

The largest wealth management center in the world

With the continued influx of capital, Hong Kong's wealth management sector is entering a new phase of growth with vibrant vitality and vigor.

The Secretary for Financial Services and the Treasury of Hong Kong, Mr. C.Y. Hui, announced thatHong Kong's assets under management have now exceeded the HK$30 trillion mark.It is also expected that by the end of 2025, Hong Kong is expected to leapfrog to become the world's premier wealth management center!

In 2024, Hong Kong has performed impressively in a number of highly respected international rankings and has secured a leading position. These brilliant achievements are undoubtedly proof thatHong Kong's solid foundation and outstanding leadership as a world-class financial center!

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