Open Business Environment
Hong Kong has always maintained an open business environment for business activities and commerce.
One Country, Two Systems
Hong Kong has maintained its own currency, political and legal systems. This has allowed the city to continue to flourish as an international business city whilst enjoying the benefits of unrivalled access to opportunities in Mainland China.
Some of the benefits of One Country, Two Systems include:
- No foreign ownership restrictions
- English and Chinese as official languages with English the preferred language for business and contracts
- Free movement of capital, talent, goods and information
- Independent participation in international forums
World’s Most Competitive Economy
Hong Kong has been recognised as one of the world’s most competitive economy. The International Institute for Management Development (IMD) World Competitive Yearbook 2022 ranked Hong Kong 5th out of 63 economies.
The ranking reflects the consistent strides Hong Kong has made in building a favourable business environment. IMD assessed the economy across four competitiveness factors; economic performance, government efficiency, business efficiency and infrastructure. Hong Kong continued to rank favourably in "Government efficiency" and "Business efficiency", and our rankings in "Economic performance" and "Infrastructure” also improved. As regards the sub-factors, Hong Kong continued to top the ranking in "Business legislation", and was amongst the top-three in "Public finance", "Tax policy" and "International investment".
Strong Intellectual Property Protection
The Government of Hong Kong SAR has specific policies and legal protection in place for intellectual property rights. The city’s intellectual property laws have been developed to reach the highest international standards to create a free and fair business environment.