Hong Kong is famous for its open economy system and it is one of the world's premiere financial centres. Its freedom of capital movement, sound legal system, efficient transportation system, state-of-art telecommunication backbones and the wide use of English in business have contributed to its success.
Free trade is the life-blood of Hong Kong. As a result, it is one of the most open, externally-orientated economies in the world. The Heritage Foundation and Fraser Institute of Canada have consistently rated it as the world's freest economy.
Hong Kong embraces globalization of trade and services and is an active participant in international organizations that promote such activities.
- The cornerstone of the economy rests on free enterprise, free trade and free markets open to all
- No barriers to trade - no tariffs, no quotas, no exceptions
- No restrictions on investments inward or outward
- Trade to GDP ratio of 250% in 2002
- No foreign exchange controls
- No nationality restrictions on corporate ownership
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