Hong Kong’s return to the top three in the IMD World Competitiveness Yearbook is more than a statistical milestone; it is a testament to the collective efforts of our entire society. Our government, business, academia and civil society have all played a part in restoring confidence, stability and ambition. This resurgence has not come easily, and would not have been possible without a clear-eyed reassessment of Hong Kong’s place in a changing world.
There are several key reasons behind this progress. First, the transformation in governance over the past few years has brought a renewed sense of direction and purpose. With the current administration championing a results-oriented approach, we have become more decisive and focused on long-term outcomes. This has laid the foundation for more effective coordination across sectors and more efficient allocation of public resources.
Second, Hong Kong’s rule of law, one of its most enduring advantages, has been further consolidated. Hong Kong ranked sixth in East Asia and the Pacific in 2024 in the World Justice Project Rule of Law Index. This continues to be the bedrock of our international reputation as a safe, reliable and trusted place to do business.
The steady reinforcement of legal certainty, alongside institutional transparency and judicial independence, sends a strong signal to investors and entrepreneurs alike that Hong Kong remains open and dependable.
Third, our integration into national development strategies has deepened. Hong Kong’s role in the Greater Bay Area continues to grow, offering access to a vast domestic market and a dynamic regional innovation ecosystem.
Participation in the Belt and Road Initiative has also created fresh opportunities for professional services, infrastructure partnerships and cultural exchange. These linkages have become tangible economic drivers.
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