Confidence in Hong Kong’s economic competitiveness has increased significantly among leading business professionals according to the latest survey results released by CPA Australia.
In its latest report CPA Australia says the confidence level in Hong Kong is the highest it has seen for three years, 60 percent of respondents voiced confidence that Hong Kong’s competitiveness will remain the same or improve over the coming year.
This is significantly more positive than results in the previous two surveys, last year only 37 percent of respondents felt this way and 32 percent in 2016.
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When asked what they considered would most positively impact Hong Kong’s economic growth in 2018, respondents most commonly said the growth in Mainland China’s economy followed by infrastructure projects and Hong Kong’s simple and low tax system.
«Business experts expect Hong Kong will maintain its position as one of the world’s most competitive markets in which to do business according to our survey results,» said Ivan Au, divisional president Greater China, CPA Australia.
The survey also asked what respondents believed the Hong Kong government could do to improve international competitiveness. The most popular results were greater efforts to develop innovation and technology and greater support for businesses to undertake fintech activities in Hong Kong.
