World Bank report ranks Hong Kong among top 10 global business hubs

Hong Kong has been ranked among the top 10 economies to do business in by the World Bank Group on Thursday, a vote of confidence in the city's regulations for business entry and utility infrastructure.

In the inaugural Business Ready 2024 Report covering 50 economies, the Hong Kong Special Administrative Region logged high scores in international trade, business entry and utility services.

The ratings came after the United States in September alleged that businesses faced escalating risks associated with operations in Hong Kong, claiming that routine activities could be violated by the city's national security law.