 Hong Kong remains the world's freest economy according to the findings of the Economic Freedom of the World: 2008 Annual Report released on September 16, 2008 by the Cato Institute. This marks the 12th consecutive year Hong Kong has topped the ranking since its commencement in 1996.
The report, produced by Canada's Fraser Institute and the Economic Freedom Network, a group of independent institutes in 75 nations and territories, ranks 141 economies for 2006, the most recent year for which data are available, on policies that are supportive of economic freedom. 
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Hong Kong's status as one of the world's leading destinations for foreign direct investment (FDI) and sources of outward FDI has been reaffirmed by the World Investment Report 2008, released on September18, 2008 by the United Nations Conference on Trade and Development (UNCTAD).
Hong Kong was the world's seventh, and Asia's second largest, FDI recipient, attracting US$59.9 billion inward investment in 2007. The Mainland of China ranked first in Asia Pacific in FDI inflows, reaching US$83.5 billion.
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The Hong Kong Special Administrative Region Government and the Central People’s Government (CPG) agreed on further services liberalization under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA).
With the approval of the CPG, Hong Kong and Guangdong will also implement a package of liberalization and facilitation measures on an early and pilot basis to enhance mutual economic and trade co-operation.
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Hong Kong had passed a searching examination by successfully co-hosting the 2008 Olympic Equestrian Events, the Chief Secretary for Administration, Mr. Henry Tang, said on August 22.
Speaking after the last medal event of the Equestrian Events, Mr. Tang said he hoped that Olympic officials, competitors and the people of Hong Kong were happy with the examination result.
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