Hong Kong's global competitiveness has risen to second place in the World Competitiveness Yearbook (WCY) 2026, published by the International Institute for Management Development (IMD). The city excelled across multiple indicators, ranking first 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, according to the Hong Kong Trade Development Council (HKTDC).
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 have also shown Hong Kong becoming the world's fifth-largest trading entity, overtaking Switzerland to rank first globally in cross-border wealth management, and remaining among the top global destinations for IPO fundraising. "These positive developments highlight Hong Kong’s competitive advantages as the 'Four Centres and One Hub,'" Ma added, emphasizing that the city serves as a premier two-way springboard connecting the Chinese Mainland and international markets.
The HKTDC plans to actively support the Hong Kong Special Administrative Region government in aligning with the national 15th Five-Year Plan and Hong Kong’s own Five-Year Plan. By 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 HKTDC's media room provides further details: https://mediaroom.hktdc.com/en.
The WCY 2026 rankings underscore Hong Kong's resilience and attractiveness as a global business hub, particularly in finance, trade, and investment. The city's strong performance in education and management practices also points to a well-rounded competitive environment. As the HKTDC celebrates its 60th anniversary, it continues to promote Hong Kong as a two-way global investment and business hub through international exhibitions, conferences, and business missions, creating opportunities for SMEs in mainland and international markets. More information about the HKTDC is available at www.hktdc.com/aboutus.
