Hong Kong ranks as world’s freest economy for 14th consecutive year
Hong Kong has been ranked as the world's freest economy for the 14th consecutive year in the 2008 Index of Economic Freedom, jointly published by The Heritage Foundation and The Wall Street Journal.

The 2008 Index of Economic Freedom measures the degree of economic freedom of 157 economies across 10 specific factors: business freedom, trade freedom, fiscal freedom, government size, monetary freedom, investment freedom, financial freedom, property rights, freedom from corruption and labor freedom.

Hong Kong holds credentials to develop Islamic financial services
Hong Kong possesses the required credentials to become an international center for Islamic finance, a development that has the full support of the government, said Hong Kong Financial Secretary John C. Tsang. 

Speaking at a January 15 seminar co-organized by the Hong Kong Monetary Authority (HKMA) and the Islamic Financial Services Board (IFSB), Mr. Tsang said that Islamic finance has become part of the global financial system while Shariah-compliant products and services have grown rapidly in both use and popularity. 

Territory's investment promotion soared in 2007
Investment promotion in Hong Kong achieved encouraging results in 2007, according to Director-General of Investment Promotion Mike Rowse, who announced on January 10, that both the number of companies assisted and jobs created by those companies reached all-time highs last year. 

During that time, Invest Hong Kong assisted 253 overseas, mainland China and Taiwan companies in setting up or expanding operations in Hong Kong.