Hong Kong to remain as 'super-connector' for international businesses

The region attributes business stability to the 2020 National Security Law.

The Hong Kong government published Report on Hong Kong's Business Environment: A Place with Unique Advantages and Unlimited Opportunities on 27 September.

The report reviews and sets out Hong Kong's current business environment and advantages following the events over the past two years and describes the development opportunities available to Hong Kong under the country's new phase and pattern of development.

Financial Secretary Paul Chan said, "[Hong Kong] will continue to serve as a "super-connector," a high-value-added services platform, an international talent and capital pool, and an internationally preferred place of doing business.

"The financial market has remained stable, and the linked exchange rate system and various segments of the financial market have been functioning well. There have been net capital inflows in the Hong Kong dollar market. Meanwhile, the banking system has remained robust, with the capital adequacy ratio and the classified loan ratio staying at healthy levels."

Chan added that the government strives for institutional and policy innovation to assist local and overseas enterprises in Hong Kong to capitalise on the new potential to propel the economy up the value-added ladder.