"Hong Kong has replaced Britain as the best place for new businesses to raise funds, according to the Milken Institute, a Californian think-tank. The institute's Capital Access Index is a summary measure of the range, flexibility and sturdiness of financial markets in 122 countries. Each country is assessed according to 56 quantitative and qualitative indicators, ranging from the regulation of securities exchanges to bank soundness and credit-market ratings. The 2006 rankings bring Canada into the top five, ahead of America and at the expense of Sweden. The average composite score was 4.64 out of 10 last year, down by 0.04 from 2005. Brazil, China, India and Russia all beat the average."
Hong Kong economics related blog- The Spontaneous Order
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