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Hong Kong rose to rank fifth in World Competitiveness Yearbook 2024


Hong Kong rose to rank fifth in World Competitiveness Yearbook 2024


Hong Kong rose to rank fifth in World Competitiveness Yearbook 2024

2024-06-18 11:06 Last Updated At:06-19 01:28

Hong kong rises to fifth in global competitiveness rankings, earns top spots in business efficiency and infrastructure

In the latest World Competitiveness Yearbook (WCY) 2024 published by the International Institute for Management Development (IMD), Hong Kong's ranking improved by two places to fifth globally.

Among the four competitiveness factors in theWCY 2024, Hong Kong's rankings in "Business efficiency" and "Infrastructure" rose notably and came within the top 10 globally. Our ranking in "Government efficiency" also stayed high among the top three. Our ranking in "Economic performance"also saw significant improvement, reflecting the economic recovery in 2023. As regards the sub-factors, Hong Kong topped the rankings in "International trade" and "Business legislation", and was among the global top five in "Tax policy", "International investment", "Basic infrastructure", "Finance" and "Education".

A Government spokesperson said today (June 18), "Having taken into account a host of factors including objective data and business opinions, the IMD's WCY 2024 continued to recognise Hong Kong as one of the most competitive economies in the world. With staunch support from the Central Government, the Hong Kong economy has continued to recover after the epidemic. The HKSAR Government has launched an array of measures to bolster market confidence and has organised mega events to bolster tourism and consumption, with a view to consolidating the momentum of economic recovery. At the same time, we are vigorously attracting enterprises, capital and talent from around the world to come to Hong Kong, proactively driving the development of areas including financial services, innovation and technology, and trading where Hong Kong enjoys an edge, and embracing green transformation and digital economy development, so as to expedite the formation of new quality productive forces and spearhead the high-quality development of our economy in the medium to long run. Work in these areas is being implemented steadily and has made good progress, as widely recognised."

The spokesperson added, "Under 'one country, two systems', Hong Kong enjoys the strong support of the motherland while being closely connected to the world, and is the only city that combines Chinese advantages and international advantages. Looking forward, Hong Kong will continue to perform our roles and functions as a 'super-connector' and a 'super value-adder', and proactively integrate into the overall national development and align with national development strategies. We will continue to expand our economic capacity, cultivate new growth areas and enhance competitiveness, so as to bring our economic development to a higher level, creating more and better development opportunitiesfor the people and enterprises."

Source: AI-generated images

Source: AI-generated images

Booking for free use of leisure facilities on Sport For All Day 2024 to start on July 16

The Leisure and Cultural Services Department (LCSD) will hold Sport For All Day 2024 on August 4 (Sunday). Most leisure facilities under the purview of the LCSD will be open for free use. Members of the public can book the LCSD's fee-charging facilities as individual users starting from July 16 (Tuesday).

The sessions for free use of facilities on August 4 will be allocated through balloting via SmartPLAY. During anytime between July 16 and 22, members of the public can submit a balloting application via SmartPLAY for booking sessions available for free use on August 4. Each user can submit a total of three balloting choices in one application. The computer balloting results will be announced by July 25. Successful applicants will be notified by the SmartPLAY system and no confirmation is required by the applicants. Members of the public, who have not been allocated with or applied for the balloted free sessions, can book the remaining free sessions, if any, via SmartPLAY on a first-come, first-served basis from 7am on July 29 for the free sessions on August 4. Each person can only book one free session for August 4 irrespective of the type of leisure facilities, either from balloting or first-come, first-served booking.

Applications submitted can be altered before the closing of the application period at 11.59pm on July 22. If applicants wish to change their choices, they may click "Edit Balloting Choices" to make alteration. They are reminded to read and agree the declaration and click "Submit Application" again to complete the application procedures.

The leisure facilities to be available for free use on August 4 include:

  • Indoor leisure facilities: badminton courts, tennis courts, basketball courts, netball courts, volleyball courts, squash courts, table tennis tables, American pool tables, billiard tables, sport climbing walls*, bowling greens, golf facilities, fitness rooms*, activity rooms, dance rooms and a cycling track*;
  • Outdoor leisure facilities: tennis courts, tennis practice courts, bowling greens, batting cages, sport climbing walls*, archery ranges* and golf facilities (excluding camp facilities, sports grounds as well as artificial and natural turf pitches);
  • Public swimming pools (excluding Wan Chai Swimming Pool, and Kowloon Tsai Swimming Pool and Tung Cheong Street Swimming Pool which are temporarily closed for redevelopment and repair works respectively); and
  • Craft at water sports centres* (recreational kayaks, pedal-driven boats, sampans and colour boats at Chong Hing Water Sports Centre are available for free use by campers only).
  • * Citizens who book these types of facilities must hold the relevant qualification certificates. For details, please visit the thematic website at

    No prior booking is required for public swimming pool facilities. Members of the public may line up at the entrances of swimming pools before the start of a session. Free admission is offered on a first-come, first-served basis.

    The LCSD appeals to hirers to arrive on time and make the best use of the booked facilities. If a hirer fails to take up a booked session 10 minutes after the starting time, the facility will immediately be reallocated to walk-in participants on a first-come, first-served basis. The facility shall be used for the same purpose as that for which it had been booked by the original hirer. The user shall surrender the facility to the original hirer immediately upon the latter's arrival.

    All users of the leisure facilities shall observe the Conditions of Use of LCSD Recreation and Sports Facilities (, including the no-show/not present during the use of the booked sessions ("not present") penalty. An individual hirer who is unable to take up a booked session should cancel the booked facility one day before the start of the booked session(s) through the SmartPLAY system. A no-show/"not present" record will be filed on the hirer when he or she fails to take up a session as booked without on-time completion of the cancellation procedure, or is not present during the use of the booked sessions. Any two such records within 60 consecutive days will result in suspension of booking rights for any of the LCSD's recreation and sports facilities for 90 days.

    In addition, the LCSD will hold diversified and free recreation and sports programmes from 2pm to 6pm on August 4 at designated sports centres in 18 districts, including health talks, fitness corners, sports demonstrations and participation activities for the elderly and persons with disabilities. The theme of this year event is "Parent-child Exercise for Fun and Fitness", the parent-child exercises to tie in with the theme of the event will be held at designated venues. Activity coupons will be distributed at LCSD District Leisure Services Offices and designated venues in the 18 districts on July 22.

    To echo the SFAD 2024, over 10 organisations will firstly hold free land-based and aquatic recreation and sports programmes for the public to join in their venues, or open up their facilities for free use on August 4. Details are available on the dedicated webpage (

    Sports demonstrations will be featured in a live webcast via the event dedicated website ( and the "LCSD Plusss" Facebook page ( on the event day from 2pm. Members of the public can experience the vigour of sports demonstrations at home through online platforms.

    For enquiry on free use of leisure facilities, please call 2414 5555 or visit the dedicated website at

    Source: AI-generated images

    Source: AI-generated images

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