Hong Kong’s Free Market Policies

Hong Kong’s Free Market Policies

Hong Kong, Asia's most popular city for international business, is a city that works. Its enduring appeal is build on political stability, the rule of law, free market principles, free flow of information, and English as the language of business. Since 1997, Hong Kong has been under Chinese sovereignty but it has a separate political and legal system, based on principles that are best summed up by its "One Country, Two Systems" concept. This has helped it to retain all the fundamental strengths that underpin its success as an international business city, while enhancing its appeal with unrivalled access to opportunities in Mainland China.

The free market and free trade is the life-blood of Hong Kong. As a result, it is one of the most open, externally oriented economies in the world. Hong Kong embraces globalization of trade and services and is an active participant in international organization that promoted such activities.

  • The cornerstone of its economy rests on free enterprise, free trade and free markets open to all.
  • There are no barrier to trade-no tariffs, no quotas, no exceptions
  • No restrictions on investments inward or outward
  • No foreign exchange controls
  • No nationality restrictions on corporate or sector ownership