Hong Kong is 7th most attractive market for businesses: report

The market posted a score of 8.25 in a business environment.

Amidst the geopolitical conflict, Hong Kong emerged as the seventh most attractive market for doing business, documenting a score of 8.25, an EIU report revealed.

Its rival, Singapore topped the business environment rankings, followed by Canada, Denmark, and the US.

In fifth and sixth place are Switzerland and Sweden, respectively. 

After Hong Kong, Germany, New Zealand, and Finland are eighth, ninth, and tenth, respectively.

The report measures the attractiveness of the business environment in 82 countries on a quarterly basis, using a standard analytical framework with 91 indicators.

China is the biggest loser in the Asian region, after falling 11 spots in the second-quarter rankings, read the report.

“Although the end of the zero-covid policy is positive for firms operating in China, regulatory changes stemming from the statist direction of economic policy as well as rising local costs weigh on its business environment and limit opportunities for international investors,” read the statement.