HK ranks 3rd in World Bank report

2019-10-26 08:05:46

Hong Kong has been ranked the world?s third easiest place to do business, up one place from last year, in the World Bank's Doing Business 2020 Report released today.

The Government pointed out that Hong Kong has maintained its top rankings in the report for the past decade, re-affirming the city?s favourable business environment for overseas companies to set up their regional headquarters and offices and for businesses to flourish.

It also noted that Hong Kong?s score increased to 85.3 this year, reflecting continuous enhancements in business facilitation measures.

The World Bank commends Hong Kong for its successful implementation of reform initiatives to improve the ease of doing business, it added.

The report compared the business environment in 190 economies across 10 indicators.      

The Government said it will study the report carefully and continue to work closely with the business sector and other stakeholders to further improve the city?s business environment.

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