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Hong Kong economy
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Opinion
Chris Tang Ping-keung

Criticism of Hong Kong’s economy and rule of law is baseless

The city’s economic achievements and stability, underpinned by its security laws and an independent judiciary, speak for themselves

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Hong Kong residents’ livelihoods and the city’s business environment have steadily improved. Photo: AFP
Chris Tang Ping-keung is Hong Kong’s Secretary for Security.
Recent criticism of aspects of Hong Kong’s economic development and work on safeguarding national security, by a so-called expert on Hong Kong, is factually baseless. The Hong Kong Special Administrative Region government rightly rejects the allegations. We must set the record straight.
Since the implementation of the Hong Kong National Security Law and the Safeguarding National Security Ordinance, Hong Kong residents’ livelihoods and Hong Kong’s business environment have steadily improved, while our economic performance is consistently scaling new highs. It is appalling that anyone would try to smear Hong Kong by resorting to untruths. A simple fact-check will reveal that Hong Kong has emerged stronger than before.

Hong Kong has made unprecedented achievements over the past two years in attracting quality businesses to our city. According to our annual survey, the number of foreign- and mainland-affiliated companies in Hong Kong rose to 11,070 in 2025, up 11 per cent from the previous year – a record-high number of firms with parent companies located outside Hong Kong. Together, these enterprises hired nearly 510,000 people in Hong Kong, up by 3 per cent from 2024.

Such numbers represent a vote of confidence in Hong Kong by businesses and entrepreneurs. Foreign businesses have no reason to worry and should welcome the laws safeguarding national security in Hong Kong, which ensure a safer and more stable environment for investments and economic development. Those who talk down Hong Kong’s prospects must face the facts.

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