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Hong Kong's ranking in digital competitiveness improved by three places to seventh globally, according to the latest World Digital Competitiveness Ranking (WDCR) 2024 published by the International Institute for Management Development (IMD).
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Among the three factors in WDCR 2024, Hong Kong continued to perform well in "Technology" and "Knowledge", ranking thrid and fifth respectively. The city’s ranking in "Future readiness" also improved.
Commenting on the ranking, a government spokesman said it recognized that Hong Kong remains one of the most digitally competitive economies in the world, also noting that I&T is a core element in cultivating new quality productive forces and also a key impetus for Hong Kong's high-quality economic development as the Central Government indicates clear support for Hong Kong's development into an international I&T center.
The spokesman said the abundant networks and opportunities available in Hong Kong, as well as the synergies with sister cities in the Guangdong-Hong Kong-Macao Greater Bay Area, further enhance its appeal as a leading destination for I&T.
“As home to five of the world’s top 100 universities, Hong Kong possesses world-class research and development capabilities and I&T infrastructure, as well as a diverse talent pool. A thriving start-up ecosystem, a free, open and fair business environment, a simple tax system with low tax rates, together with strong policy support also position Hong Kong favorably to attract strategic enterprises and top talent from around the world.
“Going forward, the HKSAR Government will continue to collaborate with various sectors of the society to further enhance Hong Kong's I&T ecosystem, thereby upholding our competitive edge in the global market and injecting new impetus to economic development." The spokesman said.
