Hong Kong announced the release of a new business environment report on Wednesday to showcase to the international community the city’s unique advantages under the “one country, two systems” principle.

The 100-page-long report, titled "Report on Hong Kong’s Business Environment: Unique Strengths under 'One Country, Two Systems'", is divided into two chapters and six sections.

In the preface, the government states that the world is undergoing unprecedented changes not seen in a century. Amid these turbulent times, Hong Kong is forging ahead with core competitiveness remaining solid and new advantages emerging.

The report says that countries worldwide are actively seeking external investment opportunities due to tariff uncertainties, resulting in a global reallocation of capital. Hong Kong is well-positioned to help countries diversify risks, and is able to attract capital, enterprises, and talent. The SAR government will continue to proactively identify, respond to, and adapt to changes, creating a better investment and business environment.

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When asked why the report was released at this particular time, Financial Secretary Paul Chan Mo-po explained that the last report was published in 2021, but over the past few years, “the perception of Hong Kong in the Western world has not been entirely factual and correct,” partly because many overseas travelers haven’t come to the city, coupled with geopolitical factors.

“I would say there are some misperceptions,” he said, “so the purpose of this report is to showcase the current situation in Hong Kong so that they would be able to better understand what's happening on the ground.”

The finance chief said he welcomes visitors from the West and elsewhere to visit the city and see for themselves the reality and the tremendous opportunities that Hong Kong offers.