BUDGET 2023: HK gov't provides money to set up mega events
These events will attract more tourists and boost the city’s tourism.
The Hong Kong Government is set to allocate some of the city’s 2023 Budget to hosting mega events, major international conferences, and exhibitions.
The government will provide $100m for events with significant visitor appeal and effects on tourism. These events include the Hong Kong Pop Culture Festival, which will happen in the city for the first time, the Hong Kong Wine and Dine Festival, the Hong Kong International Dragon Boat Races, the Hong Kong Cyclothon, the Hong Kong Sevens, and Art Basel.
In addition, the Hong Kong Tourism Board will spend over $25m on organizing and promoting these events and an additional $200m on securing key venues for international meetings, incentive travels, conventions, and exhibitions.
According to Finance Secretary Paul Chan, these events will not only boost the city’s image but also enhance its competitiveness as an events capital. He added that the government will spare no effort in staging and supporting them.