2024 Fraser Institute report ranks Hong Kong as world's freest economy, surpassing Singapore.

Hong Kong has been named the world's freest economy in the Fraser Institute's 2024 Economic Freedom of the World report, surpassing Singapore. It excelled in "Freedom to trade internationally" and "Regulation," with a notable rise to third in "Sound money." The city's success is attributed to its unique "one country, two systems" framework, fostering a robust business environment. More than 100 tech firms have invested over $6.4 billion, creating 15,000 jobs since late 2022.