HK ranked world's freest economy

September 25, 2025

The Fraser Institute’s Economic Freedom of the World 2025 Annual Report published today once again ranked Hong Kong as the world's freest economy. 

 

Among the five areas of assessment in the report, the city maintained the top position in "Freedom to trade internationally", while securing the third position in "Sound money" and "Regulation".

     

In a statement, the Hong Kong Special Administrative Region Government said the Fraser Institute's report has reaffirmed Hong Kong's strengths as a free-market economy, as well as its open and efficient business environment with a level-playing field. 

 

Amid the intensifying geopolitical tensions and rising unilateralism and protectionism that disrupt the international trade system and global economic order, Hong Kong will as always steadfastly uphold its status as a free port.  

 

Hong Kong will maintain free trade policies and a simple, low tax regime, while ensuring the free flow of capital, information, goods and talent – fully leveraging its role as a “super connector” and “super value-adder”, the statement said, adding that local and overseas enterprises and talent are welcome to invest and pursue business and career opportunities in the city.

     

The statement noted that while the global economy has been facing significant uncertainties stemming from unilateral tariffs since the beginning of this year, the nation’s commitment to high-level two-way opening up, along with continuous breakthroughs in technological innovation, has injected stability and growth momentum into the regional and global economies.

 

Under the “one country, two systems” framework, Hong Kong retains its unique advantages in connectivity, internationalisation, diversity and inclusiveness. 

 

These strengths, combined with stable and predictable economic and financial policies, as well as an open, efficient and fair market environment, continue to attract global investors, enterprises and talent. 

 

Additionally, the strong performance of Hong Kong's stock market, the sustained growth in bank deposits, and the expanding asset and wealth management sectors, are clear indicators of international investors' confidence in the city. 

 

Moreover, Hong Kong continues to achieve outstanding results in various global competitiveness rankings across finance, innovation and technology, education and talent, underscoring the international recognition of its core strengths and the Hong Kong SAR Government's efforts to promote economic and social development.

     

Looking ahead, the statement said that Hong Kong will proactively integrate into the overall national development plan and align with national development strategies, while maintaining a free, open and fair business environment. 

 

The city will capitalise on its core advantages, and strengthen connectivity with both the Mainland and the world, to create greater value and opportunities for global investors. In addition to consolidating its strengths in the traditional sectors, Hong Kong is committed to nurturing emerging industries and expanding into new sectors. 

 

While deepening ties with established markets, Hong Kong is also making great strides in enhancing its engagement with the Global South, the statement said.

 

With the country’s staunch support, plus the concerted efforts of the Hong Kong SAR Government and the community at large, Hong Kong's path from stability to prosperity is set to shine even brighter, it added.

     

As to references on Hong Kong's national security laws in the 2025 Report, the statement highlighted that the Hong Kong SAR Government protects the rights and freedoms of Hong Kong residents in strict accordance with the Constitution of the People's Republic of China and the Basic Law. 

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