The Hong Kong Trade Development Corporation (HKTDC) has responded to the latest World Competitiveness Yearbook (WCY) 2026, published by the International Institute for Management Development, which ranks Hong Kong second globally in competitiveness, up from previous years. The city excelled across multiple indicators, securing first place in "Tax policy" and "Business legislation," second in "Finance," and third in "International trade," "International investment," "Management practices," and "Education." These results highlight Hong Kong's institutional strengths and market efficiency.
Prof Frederick Ma, Chairman of the HKTDC, stated, "The WCY 2026 reaffirms Hong Kong’s competitiveness and business advantages." He noted that recent international reports have also shown Hong Kong becoming the world’s fifth-largest trading entity, overtaking Switzerland to rank first in cross-border wealth management, and remaining a top global destination for IPO fundraising. "These positive developments highlight Hong Kong’s competitive advantages as the ‘Four Centres and One Hub’ and demonstrate that Hong Kong is the premier two-way springboard connecting the Chinese Mainland and international markets," Ma added.
The HKTDC will continue to support the Hong Kong Special Administrative Region government in aligning with the national 15th Five-Year Plan and Hong Kong’s Five-Year Plan. Leveraging the city’s unique strengths as a superconnector and super value-adder, the HKTDC aims to help Hong Kong integrate into and contribute to the nation’s overall development. For more details, visit the HKTDC Media Room.
