Hong Kong is soaring to new heights, climbing to third place in the World Competitiveness Yearbook 2025 published by the Switzerland-based International Institute for Management Development. This marks the city’s return to the top three for the first time since 2019.
Under the institutional guarantee of “One Country, Two Systems,” the Hong Kong Special Administrative Region (SAR) is heading towards an even brighter future, according to a Chinese Foreign Ministry spokesperson on Thursday.
Spokesperson Guo Jiakun highlighted that this achievement affirms Hong Kong’s unique position and strengths. “Hong Kong remains one of the world’s freest economies and most competitive regions,” he said during a regular press briefing.
The Hong Kong SAR has entered a stage of renewed prosperity, becoming increasingly attractive as an international financial center. It is drawing more foreign companies and individuals eager to invest and start new businesses.
Data shows that the Hong Kong Stock Exchange ranked first globally with a fundraising scale of $14 billion in the first half of this year. Additionally, the number of overseas visitors received by Hong Kong in the first five months rose by 18 percent year on year, with numerous major international companies redomiciling to the region.
“Those are votes of confidence for Hong Kong from the international community,” Guo noted.
