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World Bank: Hong Kong Remains 3rd Easiest Place to do Business in the World
Hong Kong remains as the 3rd easiest place to do business in the world (September 10, 2009)

Hong Kong remains as the 3rd easiest place to do business in the world, according to the World Bank's Doing Business 2010 Report (the Report) released recently. The World Bank has adjusted Hong Kong's overall ranking last year from 4th to 3rd due to changes in the methodology, data corrections and the addition of new economies. The top two performers are Singapore (1st) and New Zealand (2nd).

In the Report, an ease of doing business index is compiled to track the number of regulatory procedures as well as the time and cost required for business firms to comply with different sets of government regulations across the globe.
A spokesperson at the HKSARG says they welcome the Report affirming Hong Kong's leading position in terms of friendliness of business environment. The ranking reflects that Hong Kong remains one of the most attractive places for business.

References:
Hong Kong Economic And Trade Office

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