Editorial | Banishment from index is politically driven

  • The decision by The Heritage Foundation to include Hong Kong under China for the first time on its index of the world’s freest economy is a disservice to investors and does nothing for its own credibility

Financial Secretary Paul Chan said the decision by the Heritage Foundation, in its index of the world’s freest economies, to include Hong Kong under China, which ranks 107th, was ‘clouded by political bias’. Photo: SCMP

For 25 years Hong Kong ranked No 1 in an annual index of the world’s freest economies. Last year it slipped to second place behind Singapore after months of social and political unrest led to a fall in the city’s rating for freedom of investment.

The Heritage Foundation, a conservative American think tank that compiles the index, said the turmoil had dampened investment flows.

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