The 2025 Hong Kong Investment Climate Statement, issued by the US Department of State, declares itself to be an impartial review of the city’s commercial environment; however, its content reveals that it serves political purposes rather than analytical ones. Instead of focusing on trade, industry, taxation, and regulation, which should form the substance of any…
Hong Kong maintained its position as the world’s third-ranked financial hub, narrowing the gap with leading cities New York and London, according to the latest Global Financial Centres Index (GFCI) report on Thursday. The report, which is published twice a year, said Hong Kong’s overall rating rose 4 points, just 1 point below London and…
Hong Kong is devoted to deepening its foreign ties, the city’s leader has said, while urging economies in Asia to promote bilateralism and reject protectionism amid a fast-changing geopolitical environment. Chief Executive John Lee Ka-chiu on Tuesday also called for more collaboration between the city and mainland China’s Hainan province to promote free trade and…
This undated photo shows a view of the Victoria Harbour in Hong Kong. (PHOTO / CHINA DAILY) The Hong Kong Special Administrative Region secured third place globally in the Global Financial Centres Index, published on Thursday, narrowing the gap with the top-ranked financial center. The 37th edition of the index, published by UK-based Z/Yen and…
Hong Kong retained its status as Asia’s top financial centre and was the third globally, distancing itself from regional rival Singapore and also closing the gap with top-ranked New York, according to the latest edition of the Global Financial Centres Index. Hong Kong’s overall rating increased 11 points, while Singapore gained three points to stay…
The resolution charts a new course for Hong Kong’s high-quality development, injecting significant momentum into the city’s governance and prosperity. Hong Kong already has three advantages in this regard. Hong Kong now has a safer, freer and more open society, as well as a predictable business climate, ushering in a great period for reviving the…