Hong Kong is a leading international trading and services hub as well as a high
value-added manufacturing base. It is widely recognised as one of the freest
economies in the world, and the gateway to the Mainland market.
Hong Kong's continuing economic success owes much to a simple tax structure
and low tax rates, a versatile and industrious workforce, excellent infrastructure, free
flow of capital and information, the rule of law, and the Government's firm
commitment to free trade and free enterprise.
The Government sees its task as facilitating commerce and industry within the
framework of a free market. It does not impose tariffs. Regulatory measures on
international trade are kept to the minimum. Hong Kong also adopts an open and
liberal investment policy and actively encourages inward investment.
The Government's industrial policy is designed to promote industrial
development by creating a business-friendly environment and providing adequate
support services and infrastructure. It promotes innovation and technological
improvement to match Hong Kong industry's shift towards knowledge-based and
high value-added activities. It aims to strengthen support for technology development
and application, promote the wider use of design, develop a critical mass of fine
scientists, engineers and designers, skilled technicians and venture capitalists, and
encourage the development of a significant cluster of innovation and technology-based