Chief Executive Lee Ka-chao proposed in his "Policy Address" to launch a new plan of 1.4 billion yuan on July 1 next year, providing financial incentives to attract exhibitions to continue to be held in Hong Kong.
The Commerce and Economic Development Bureau disclosed that the new scheme is called the "Regular Exhibition Incentive Scheme" and will last for three years.
The new scheme applies to exhibitions, especially international exhibitions, regularly organized by private organizers at HKCEC or AWE.
International exhibitions can receive 100% of the venue rental incentives, and other regular exhibitions can receive half of the venue rental incentives. The upper limit of each exhibition is 20 million yuan.
The government will provide rental incentives for regular exhibitions organized by private organizations and held at the Convention and Exhibition Center (file photo)
Regular exhibitions held at AsiaWorld-Expo can also benefit (file photo/photo by McCain)
According to the document submitted by the Commerce and Economic Bureau to the Legislative Council, the new plan will be from July 1 next year to June 30, 2026. Qualified regular exhibitions will be held once a year or two; international exhibitions refer to more than half or at least Exhibitions with 500 non-local participants, whichever is lower.
expect to provide incentives for two hundred exhibitions
The Commerce and Economic Bureau expects to provide incentives for 200 exhibitions during the three-year period of the new scheme.
The authorities believe that the new plan must be targeted, and more resources should be allocated to more experience-effective exhibitions that have been greatly affected by the epidemic in the past three years. At the same time, the competitiveness of Hong Kong's convention and exhibition industry should be enhanced to cope with competition from neighboring regions.
Therefore, the Administration believes that we should focus on supporting regular exhibitions held by private organizers, especially international exhibitions, so as to attract exhibitors and buyers from all over the world to Hong Kong.
Policy Address︱Travel talents, promote exhibition industry, and build infrastructure Roughly estimated to spend at least 147 billion yuan Tourism and exhibition industry approval is too late to postpone 0+7 Return to normal and lagging behind Foreign economic crisis is the biggest enemy The government promotes exhibition industry rents and subsidizes the industry 100% Hope to extend the plan to cover the peak exhibition season in November. Novel Coronavirus Pneumonia｜Multiple exhibitions have been postponed.
