The Hong Kong Trade Development Council (HKTDC) has welcomed the latest World Competitiveness Yearbook (WCY) 2026, published by the International Institute for Management Development, which ranks Hong Kong second globally in overall competitiveness, up from previous years. The city achieved notable top rankings in "Tax policy" and "Business legislation", secured second place in "Finance", and ranked third in "International trade", "International investment", "Management practices", and "Education". These results highlight Hong Kong's clear institutional strengths and market efficiency.
Prof Frederick Ma, Chairman of the HKTDC, said the WCY 2026 reaffirms Hong Kong's competitiveness and business advantages. He noted that recent international reports have shown Hong Kong becoming the world's fifth-largest trading entity, overtaking Switzerland to rank first in cross-border wealth management, and remaining among the top global destinations for IPO fundraising. These positive developments underscore Hong Kong's competitive advantages as the "Four Centres and One Hub" and demonstrate its role as the premier two-way springboard connecting the Chinese Mainland and international markets.
The HKTDC will continue to actively support the Hong Kong Special Administrative Region government in aligning with the national 15th Five-Year Plan and Hong Kong's Five-Year Plan. By leveraging the city's unique strengths as a superconnector and super value-adder, the HKTDC aims to help Hong Kong better integrate into and contribute to the nation's overall development. For more information on the HKTDC's initiatives and research, visit the HKTDC Media Room.
