Hong Kong is often considered to be the country in southern and eastern Asia that comes closest to having a pure market economy. Hong Kong operates under a laissez-faire economic system and has minimal government intervention in the market and trade. It has a highly developed financial sector, low taxation, open markets, and emphasizes free trade and business-friendly policies. However, it is important to note that even Hong Kong has some degree of government regulation and intervention in its economy, so it is not a completely pure market economy.
