Hong Kong Rises to Third Most Competitive Economy Globally in 2025

Hong Kong continues to strengthen its global economic position, ranking third in the 2025 World Competitiveness Yearbook due to strong government and business efficiency, economic performance, and infrastructure. The Hong Kong Science Park supports mainland Chinese companies' global expansion by providing comprehensive services, milestone management, and facilitating participation in major international events. Hong Kong is also leveraging its strategic location and connectivity to act as a dual trade gateway between South America and mainland China, enhancing logistics through initiatives like the 'Cherry Express' and cold chain capabilities at Kwai Tsing Container Terminals. Despite these advancements, Hong Kong faces ongoing geopolitical challenges, particularly from US-China tensions; the city's finance chief warns that volatility and uncertainty will persist, though efforts are underway to transform Hong Kong into the world's leading asset and wealth management center by 2027. Meanwhile, national security remains a priority, with officials emphasizing Hong Kong's central role in the Greater Bay Area's economic development and the importance of attracting global talent to sustain innovation and growth. These dynamics highlight Hong Kong's resilience and strategic efforts to navigate both economic opportunities and geopolitical risks.