From the Commissioner

Dear Friends,

The year 2007 began with welcome news as the Washington-based Heritage Foundation released the 2007 Index of Economic Freedom, the 13th edition of the annual study on the level of economic freedom around the globe.

The study, jointly published by The Wall Street Journal, ranked Hong Kong the world's freest economy for the 13th consecutive year.

The accolade is particularly noteworthy this year as we approach the milestone of the 10th anniversary of the establishment of the Hong Kong Special Administrative Region.

The study's findings, which elevate the city's profile as an international financial and business center, demonstrate that since the hand-over on July 1, 1997, Hong Kong remains resolutely committed to the free-market principles and the rule of law which grant it such notable distinction.

I recently shared the achievements of Hong Kong's free-market philosophy – which is part-and-parcel of the greater Hong Kong story – with investors, students and senior state government officials during a January visit to Texas.

Yours ever,

Margaret Fong

Hong Kong Commissioner, USA

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