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In recent years, Hong Kong has had some serious competition as Asia’s premier gateway for international business. Singapore and Seoul have long been contenders, but people are also beginning to take notice of other cities, such as Kuala Lumpur, Bangkok and Jakarta.
Still, it’s a tough ask to unseat Hong Kong’s pole position. Consider that:
- In 2019, the World Economic Forum (WEF) rated Hong Kong as having the world’s top financial system, well ahead of its nearest competitor, the U.S., in the Global Competitiveness Report.
- Astute pandemic management means that Hong Kong has experienced very low Covid infection rates, avoided lockdowns and remained largely open for business over the last ten months. Few other large cities can say the same, whether in Asia or globally.
- Company incorporation numbers…
