Hong Kong inches closer to Singapore in digital transformation: study

7 in 10 of the SAR's population have access to superfast internet connectivity.

Hong Kong placed third in the Asian Digital Transformation Index developed by The Economist Intelligence Unit. Its score of 62.3 made it jump one spot to seal its place next to Singapore and Japan which finished at first and second ranks, respectively.

The SAR moved on place to clinch the second spot in the digital infrastructure measure where Singapore was top placer. The study found that Hong Kong has the third highest fibre-to-the-home (FTTH) and fibre-to-the-building (FTTB) take-up rate which could boost rapid growth in data usage.

According to the study, about 74% of the SAR’s population has access to superfast internet connectivity, which is next to Singapore (97%) and the Mainland (77%).

“The high proportion of fibre take-up is unsurprising given Hong Kong’s relatively small land mass and built-up environment,” the study noted.

Meanwhile, Hong Kong retained its third spot in the human capital measure whilst it placed fifth in terms of industry connectivity.

Hong Kong ranked ahead of South Korea and Taiwan in the study as the other two countries recorded a score of 61 and 55.7, respectively, falling behind the SAR.