London Daily

Focus on the big picture.
Friday, Jun 20, 2025

HKSAR falls in biz climate, safety rank

HKSAR falls in biz climate, safety rank

The Hong Kong Special Administrative Region fell out of the world's top 10 safest cities list and lost its status as the best Chinese city to do business in, amid gloom over prolonged civil unrest.

In its latest annual report released on Friday, the Hong Kong Chinese and Foreign Institute of City Competitiveness removed Hong Kong from the Global Top 10 Safe Cities, a list on which Hong Kong ranked 6th last year, citing a "universally known" reason.

The result deviated from the city's longtime global image. Solicitor Kennedy Wong Yingho, also convener of Safeguard HK-a cross-sector alliance calling for restoring law and order in the city, said he was "not at all surprised" at the new rankings. "How can you expect Hong Kong to be a safe city after dozens of countries have issued travel warnings for this city?" he asked.

Meanwhile, Hong Kong was leapfrogged by Shanghai and Shenzhen, Guangdong province on the ranking list of cities with the best business environment. "In six months of civil unrest, Hong Kong's business environment has been greatly compromised," the report read.

Wong said concerns over Hong Kong's business environment started to grow after Hong Kong International Airport was repeatedly disrupted in August. A number of international conferences, exhibitions and entertainment events were then scrapped out of safety concerns in the midst of violent anti-government protests.

In mid-August, protesters occupied the airport's arrivals hall in a weeklong illegal assembly which later descended into chaos when radicals scuffled with travelers and roughed up Chinese mainland visitors. Thousands of protesters also paralyzed roads and public transport links to the airport.

At the height of the violent demonstrations, Shenzhen Bao'an International Airport-37 kilometers north of Hong Kong's airport-saw a nearly 10 percent month-on-month increase in the number of passenger trips.


China's most competitive

Despite Shenzhen-China's innovation hub-giving Hong Kong a run for its money on the latest Global City Competitiveness Rankings, Hong Kong was still crowned China's most competitive city in 2019, ranking 8th globally.

Apart from Hong Kong and Shenzhen, another seven Chinese cities, all on the mainland, were also included in the top 50. New York took the top spot as the most competitive city in the world, followed by Tokyo and London.

Economist Gui Qiangfang, who led research work for this year's rankings, said Hong Kong's finance, trade, legal and other professional services outperform any other Chinese city and it has been leveraging the advantages of "one country, two systems".

Gui estimated that Hong Kong will recover from a technical recession next year, but worried that the city might lose its first place spot on competitiveness after dominating the list for more than a decade due to pressure from protracted social unrest and Sino-US trade disputes.

To maintain the international community's confidence in Hong Kong, Wong said it is imperative to scale up law enforcement for the sake of public order and safety.

"You at least need to send a clear message to the world-Hong Kong is a safe place for travelers and businesspeople," he added.

Newsletter

Related Articles

0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
UK Home Secretary Apologizes Over Child Grooming Failures
Trump Organization Launches 5G Mobile Network and Golden Handset
Towcester Hosts 2025 English Greyhound Derby Amid Industry Scrutiny
Gary Oldman and David Beckham Knighted in King's Birthday Honours
Over 30,000 Lightning Strikes Recorded Across UK During Overnight Storms
Princess of Wales Returns to Public Duties at Trooping the Colour
Red Arrows Use Sustainable Fuel in Historic Trooping the Colour Flypast
Former Welsh First Minister Addresses Unionist Concerns Over Irish Language
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
France Bars Israeli Arms Companies from Paris Defense Expo
King Charles Leads Tribute to Air India Crash Victims at Trooping the Colour
Jack Pitchford Embarks on 200-Mile Walk to Support Stem Cell Charity
Surrey Hikers Take on Challenge of Climbing 11 Peaks in a Single Day
UK Deploys RAF Jets to Middle East Amid Israel-Iran Tensions
Two Skydivers Die in 'Tragic Accident' at Devon Airfield
Sainsbury's and Morrisons Accused of Displaying Prohibited Tobacco Ads
UK Launches National Inquiry into Grooming Gangs
Families Seek Closure After Air India Crash
Gold Emerges as Global Safe Haven Amid Uncertainty
Trump Reports $57 Million Earnings from Crypto Venture
Trump's Military Parade Sparks Concerns Over Authoritarianism
Nationwide 'No Kings' Protests Challenge Trump's Leadership
UK Deploys Jets to Middle East Amid Rising Tensions
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
Germany Holds First Veterans Celebration Since WWII
U.S. Health Secretary Dismisses CDC Vaccine Advisory Committee
Minnesota Lawmaker Melissa Hortman and Husband Killed in Targeted Attack; Senator John Hoffman and Wife Injured
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
×