Hong Kong Ranks Second Globally in World Competitiveness Yearbook 2026, HKTDC Highlights Institutional Strengths

Hong Kong has climbed to second place globally in the World Competitiveness Yearbook (WCY) 2026, published by the International Institute for Management Development, according to a press release from the Hong Kong Trade Development Council (HKTDC). The city's strong performance across multiple indicators highlights its institutional strengths and market efficiency, with top rankings in tax policy and business legislation, second in finance, and third in international trade, international investment, management practices, and education.

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 positive developments highlight Hong Kong's competitive advantages as the 'Four Centres and One Hub' and demonstrate that the city is the premier two-way springboard connecting the Chinese Mainland and international markets.

Prof Ma added that the HKTDC will continue to actively support the Hong Kong Special Administrative Region government, proactively 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 will help Hong Kong better integrate into and contribute to the nation's overall development.

For more details, visit the HKTDC Media Room. The original press release is available on NewMediaWire.