, Hong Kong
Photo by Manson Yim on Unsplash

Hong Kong is the 5th most competitive market in the world 

In Asia-Pacific, it ranked second.

Hong Kong rose two places to rank 5th in the 2022 IMD World Competitiveness ranking. In Asia-Pacific, the city ranked second, behind Singapore.

Under the ranking, markets are scored based on economic performance, government efficiency, business efficiency, and infrastructure.

In the abovementioned factors, Hong Kong placed 15th (61.91 pts), 2nd (92.32 pts), 7th (87.97pts), and 14th (74.22 pts), respectively. Overall, Hong Kong scored 94.89, which landed the city behind Sweden (97.71, 4th) Singapore ( 98.11, 3rd), Switzerland (98.92, 2nd) and Denmark (100,1st).

To stay competitive, the IMD said Hong Kong must be able to control the epidemic, and support and revive its economy.

The city should likewise be able to navigate through the external challenges arising from slower global economic recovery, monetary policy normalisation by major central banks and mounting geopolitical uncertainties; seize the opportunities brought by the Mainland’s economic development; further promote innovation and technology; and address the growth constraints of land and manpower.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Managing conversations to increase conversions
Enterprises that used chat management platform, imBee, saw a 25% increase in sales. 
Where to invest your millions in real estate
Realtors cited two property types that can offer higher upside potential in return.
Property market ends downcycle 
Real estate expert, Cathie Chung, said that the market will have a reset by 2023.
No spacious homes for Hong Kong’s poor anytime soon 
Home size adjustment will be unlikely in the city after the waiting time for public housing hit a record-high.