The World Bank 2015 "Ease of Doing Business" report ranked China's Hong Kong third among 189 countries.

The countries are ranked according to six indicators; starting a business, dealing with construction permits, getting electricity, getting credit, protecting minority investors, paying taxes, registering property, trading across borders, enforcing contracts, and resolving insolvency. The rankings for all economies are benchmarked to June 2014.

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A high ease of doing business ranking means the regulatory environment is more conducive to starting and operation of a local firm.

In starting a business, Hong Kong bested other countries in dealing with construction permits and ranked second in protecting minority investors and trading across borders.

The world's top 20 are: Singapore, New Zealand, Hong Kong, Denmark, South Korea, Norway, U.S U.K Finland, Australia, Sweden, Iceland, Ireland, Germany, Georgia, Canada, Estonia, Malaysia, Taiwan and Switzerland.

The bottom 10 that ranked between 180th and 189th are Haiti, Angola, Venezuela, Afghanistan, Congo Democratic Republic, Chad, South Sudan, Central African Republic, Libya and Eritrea.

Hong Kong is one of the "top five busiest container ports in the world," along with Singapore according to Investing Asian.

Hong Kong's strength is investment, finance and tourism and it is also home to several multinational banks, brokerages and other financial institutions.

This nation is a former British colony and became a special administrative region of China in 1997, governed by the law, as "one country, two systems."

Hong Kong is Mainland China's channel to financial engagement with the rest of the world and enjoys a free market economy. It also exports electronic goods, watches and clocks and textiles.

Hong Kong has been making significant economic contribution to China despite the independence it enjoys. LA Times reported that Hong Kong gets a sizeable amount of tourism from Mainland China with a visitor of 40 million in 2013. The number is expected to rise to 100 million in five years.

China's other big cities such as Shanghai and Beijing have also modeled their financial climate after Hong Kong, contributing to China's growth as the second largest economy in the world.

As a sign of China's development as a world power, the country instituted Asian Infrastructure Investment Bank (AIIB) which will be China's counterpart of World Bank and Asian Development Bank.

AIIB will be a lending institution that will provide financial support for infrastructure in Asia. It will offer funds for investment opportunities in the construction of power plants, roads and communication industries in the region.

49 other countries such as Australia, India, Norway, United Kingdom and Russia, Germany and South Korea support it.  

"Our motivation [for setting up the bank] was mainly to meet the need for infrastructure development in Asia and also satisfy the wishes of all countries to deepen their co-operation," China's President Xi Jinping was quoted as saying by Financial Times during the bank's signing ceremony.

China is reportedly infusing  a capital of $50 billion in AIIB, which is expected to be raised to $100 billion.

The prospect of infrastructure projects across the region with the AIIB's help will also increase future copper production.

Copper is one of the most important metal in the world. Because it is easily bent, shaped and a great conductor of electricity, it's a key component in construction worldwide.

Russia's  Amur Minerals Corporation (LSE: AMC) can contribute to the expansion of the infrastructure sector across the region. The company has discovered a large quantity of a sulphide nickel-copper deposit in the far east of Russia. It is set to enter production in the upcoming months.

China still accounts for 45 percent of the global demand cited Fast Market but other part of the region's consumption is expected to pick up with the bright prospect of infrastructure boom.

TagsHong Kong, Ease of Doing Business World Bank Report, Doing Business in Hong Kong, construction permits in Hong Kong, credit electricity taxes in Hong Kong, Hong Kong's private sector, status, Hong Kong's investment, Hong Kong Finance, Hong Kong Tourism