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Reports name Hong Kong among best places to live and do business

Two separate studies have identified Hong Kong as one of the best countries on earth to live and carry out business.

Firstly, the ‘2013 Legatum Prosperity Index’ hailed the South-East Asian nation as the 19th-richest in the world. Compiled by the London-based Legatum Institute, the annual analysis examined elements of everyday life in addition to purely GDP or income per person to determine overall prosperity.

Hong KongRespondents were asked to comment on areas including health, personal freedom, economics, education, entrepreneurship and safety. The results painted a pretty positive picture; 80 per cent of those polled said that they viewed Hong Kong as a ‘good place to live for immigrants’ and 52 per cent exhibited optimism regarding the jobs market.

Hongkongers, scmp.com reports, were especially satisfied with safety and security levels. All of that combined has seen Hong Kong’s ranking rise three places since 2009.

Meanwhile, the World Bank’s annual ‘Doing Business 2014: Understanding Regulations for Small and Medium-size Enterprises’ report has named the country as the second best for starting and running a business, hurriyetdailynews.com writes.

Runner-up to neighbouring Singapore, Hong Kong was hailed for its ‘business-friendly regulatory environment’, lack of cumbersome red-tape and the measures put in place to make operating a local firm easier.

The report focused on 189 local economies, assessing the legislation in place regarding starting-up, import/export and access to financial support.

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