HK keeps top spot as freest economy: Fraser Institute

Hong Kong has maintained its position as the world's freest economy, according to a ranking by the Fraser Institute, a Canadian think tank. The annual "Economic Freedom of the World" report, released by the institute, also ranked Hong Kong first in "freedom to trade internationally" and second globally in regulation. A government spokesman stated that the report validated the city's strengths as a free-market economy and highlighted its commitment to preserving its free port status, zero-tariff policy, and simple and low tax regime.

These factors, according to the spokesman, create a secure, stable, fair, predictable, and internationalized business and investment environment for investors and entrepreneurs worldwide. The government added that the city's favorable business environment has attracted global enterprises and talent.