Reports from the South China Morning Post; Hong Kong scored 89.6 out of 100 points in overall economic freedom, down by 0.5 points from last year. But the territory’s lead over its closest rival has further narrowed, with economic freedom just 0.2 points higher than second-placed Singapore.
The Hong Kong government welcomed the latest ranking. “The government will continue to uphold our fine tradition of the rule of law, a clean society with a level playing field, an efficient public sector, and a simple tax regime with low tax rates,” a spokesman said.
In terms of businesses and startups, it continues to drive more creativity and entrepreneurship. We are really seeing a big boost in this area, keep at it guys and girls!
Startup Hong Kong Company Incorporation Limited Business