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Subventions for the revival of the exhibition and congress industry
HML welcomes Hong Kong Government’s US$130-million subsidies
Hong Kong Convention and Exhibition Centre (Management) Limited (“HML”), the professional private management company responsible for the daily operation of the Hong Kong Convention and Exhibition Centre (“HKCEC”), welcomes the latest revitalisation measures initiated by the Hong Kong Special Administrative Region (HKSAR) Government to support the exhibition and convention industry. A subsidy of over HK$1,020 million (US$130 million) will be injected to subsidise exhibition and convention organisers and participants, in order to reinvigorate Hong Kong’s reputation as the event capital of Asia.
Ms Monica Lee-Müller, HML’s Managing Director, said, “HML appreciates the financial support from the HKSAR Government, which serves as a timely relief measure for the industry that has been greatly affected by the public activities in the second half of 2019 and the recent outbreak of the novel coronavirus (Covid-19). It recognises the significant contribution of the exhibition and convention industry to the economy of Hong Kong, and sends a positive message to international event organisers that Hong Kong welcomes their return. We are confident that the measures will encourage organisers with postponed events to confirm their new schedules, and new organisers to confirm their plans.”
The scheme will subsidise event organisers with 100% venue rental cost, for all exhibitions and international conventions (with over 400 participants and at least 50% from outside of Hong Kong) held at the HKCEC and another major venue in Hong Kong for 12 months. The implementation date of the scheme will be announced soon. This measure will certainly ease the financial pressure of event organisers, many of which have spent extra cost on marketing and logistics to retain exhibitors and ensure smooth operation of their events.
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