"World Competitiveness Yearbook 2026" released, Hong Kong's competitiveness ranking continues to rise to the second place globally.

In the latest "World Competitiveness Yearbook 2026" released by the International Management Development Institute, Hong Kong's global competitiveness ranking has risen for three consecutive years, climbing one spot to second place globally this year, the highest since 2019. Among the four competitiveness factors in the "2026 Yearbook", Hong Kong ranks second in "Government Efficiency" and third globally in "Business Efficiency"; "Infrastructure" and "Economic Performance" are ranked eighth and eleventh globally, respectively. In terms of sub-factors of competitiveness, Hong Kong ranks first globally in "Tax Policy" and "Business Regulations"; second globally in "Finance"; third globally in "International Trade", "International Investment", "Management Practices", and "Education"; and fourth globally in "Public Finance" and "Basic Infrastructure". A spokesperson for the Hong Kong government stated: "The '2026 Yearbook' once again recognizes Hong Kong as one of the most competitive economies globally, with its ranking rising to second place worldwide, continuing the strong upward trend since 2024 and 2025. The factor of 'Government Efficiency' continues to rank second globally, reflecting the Hong Kong Special Administrative Region (SAR) government's ongoing efforts to promote a free, open, stable, predictable, and business-friendly economic policy, as well as international trust in Hong Kong's legal and regulatory environment. Hong Kong's 'Business Efficiency' being rated third in the world reflects the vibrant financial industry providing strong support for industrial development, and also reflects Hong Kong's seamless alignment with international best practices and business environment." The spokesperson pointed out: "In the rapidly changing geopolitical landscape, Hong Kong, under the 'One Country, Two Systems' framework, stands as a 'value hub' backed by the motherland and connected to the world, with a stable system, open market, and continuous investment in innovation, creating a combination of safety and growth opportunities. In fact, Hong Kong continues to excel in various international rankings in terms of economy, finance, talent, etc.; the International Monetary Fund has recently given positive evaluations of Hong Kong; coupled with major credit rating agencies confirming Hong Kong's credit rating and 'stable' outlook, all echoing the achievements of the '2026 Yearbook'."