Fraser Institute once again ranked Hong Kong as the world's freest economy in the Economic Freedom of the World 2021 Annual Report. The decision affirms Hong Kong’s long-standing and steadfast commitment to building a free economy with a level playing field.

Hong Kong has held the top rank since the inception of the Fraser Institute's report. Among the latest report's five areas of assessment, the city continued to rank first in “Freedom to Trade Internationally” and “Regulation”.

In relation to the institute's unfair comments regarding Hong Kong's rule of law, the enactment of the National Security Law and Mainland intervention in Hong Kong's affairs, the Hong Kong Government stressed that under “one country, two systems”, the Hong Kong Special Administrative Region's trusted legal system remains as robust as ever.

The rule of law is a fundamental core value of Hong Kong and much cherished by the community. The Government has been fully committed to upholding Hong Kong's fine tradition of the rule of law and judicial independence.

As Hong Kong enjoys unique advantages and unlimited business opportunities, the Government has every confidence in its long-term economic development.