The latest World Competitiveness Yearbook (WCY) 2026, published by the International Institute for Management Development, shows Hong Kong's global competitiveness ranking has risen to second place, reflecting strong performance across multiple indicators. The city leads in "Tax policy" and "Business legislation," ranks second in "Finance," and third in "International trade," "International investment," "Management practices," and "Education." These results underscore Hong Kong's clear institutional strengths and market efficiency.
Prof Frederick Ma, Chairman of the Hong Kong Trade Development Council (HKTDC), said the WCY 2026 reaffirms Hong Kong's competitiveness and business advantages. He noted that recent international reports show Hong Kong has become the world's fifth-largest trading entity, overtaken Switzerland to rank first globally in cross-border wealth management, and remained among the top global destinations for IPO fundraising. These developments highlight Hong Kong's competitive advantages as the 'Four Centres and One Hub' and demonstrate its role as the premier two-way springboard connecting the Chinese Mainland and international markets.
Prof Ma added that 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 better integrate into and contribute to the nation's overall development.
For more details, visit the HKTDC Media Room or contact the Communications & Public Affairs Department. The original release is available on New Media Wire.
