The latest World Competitiveness Yearbook (WCY) 2026, published by the International Institute for Management Development, ranks Hong Kong second globally, up from previous positions, according to a statement from the Hong Kong Trade Development Council (HKTDC). The ranking underscores the city's institutional strengths and market efficiency across a range of indicators.
Hong Kong leads the world in "Tax policy" and "Business legislation", ranks second in "Finance", and third in "International trade", "International investment", "Management practices", and "Education". These results highlight the city's competitive advantages as the 'Four Centres and One Hub', a designation that encompasses its roles as a financial, trade, shipping, and aviation hub, as well as a center for legal and dispute resolution services.
Prof Frederick Ma, Chairman of the 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, he added, demonstrate that Hong Kong is the premier two-way springboard connecting the Chinese Mainland and international markets.
Prof Ma stated that the HKTDC will continue to actively 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.
The WCY rankings reflect Hong Kong's clear institutional strengths and market efficiency, which are critical for attracting international business and investment. The HKTDC, celebrating its 60th anniversary this year, promotes Hong Kong as a two-way global investment and business hub through over 50 offices globally, including 13 in the Chinese Mainland. The council organizes international exhibitions, conferences, and business missions to create opportunities for companies, particularly SMEs, in the mainland and international markets. For more information, visit the HKTDC Media Room and the official website at www.hktdc.com/aboutus.
