Doing business in a more transparent world, assesses regulations affecting domestic firms in 183 economies and ranks the economies in 10 areas of business regulation, such as starting a business, trading across borders, and resolving insolvency.
A new report from IFC and the World Bank finds that China advanced the most among countries in the East Asia and the Pacific region in making its regulatory environment more business-friendly over the past six years, and is among the top 15 worldwide. Hong Kong SAR, China, held onto the second spot-in part by introducing an online system for company registration and making it easier to secure an electricity connection.
Research indicates that these factors are, in fact, the top 10 most important criteria considered by multinational firms in deciding where to locate their regional headquarters. More than one in three of the multinational firms active in the Asia-Pacific have chosen Hong Kong as their headquarters for the region. No other city can match this share.