Small Government
Private initiatives are a surer way to build prosperity in Hong
Kong’s market-led economy.
Hong Kong has a small and efficient government structure. Corporate and personal taxes are low and simple to calculate. The HKSAR Government is well known for its efficiency, transparency and fairness. It readily lends a helping hand to business people and companies under the guiding principle of ‘market leads, government facilitates’.
Market Leads, Government Facilitates
Under the guiding principle of ‘market leads, government facilitates’, the Government’s primary role is to provide the most business-friendly conditions. These include the fundamental ‘software’ of personal liberty, the rule of law, a clean and efficient administration and a level playing field for all businesses, as well as land and infrastructural ‘hardware’ such as schools and roads vital to Hong Kong’s growth.
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