HML welcomes Hong Kong Government’s announcement to launch Convention and Exhibition Industry Subsidy Scheme
(28 September 2020) Hong Kong Convention and Exhibition Centre (Management) Limited ("HML") today said it welcomes the announcement that the Hong Kong SAR Government will launch the Convention and Exhibition Industry Subsidy Scheme (“Subsidy Scheme”) on 3rd October 2020. HML Managing Director Ms Monica Lee-Müller said, ‘The Government’s launch of the Subsidy Scheme in early October will help ease financial burdens on the local convention and exhibition industry and help it attract domestic and overseas exhibitors, buyers and conference delegates to Hong Kong, strengthening the city’s competitiveness as the region’s leading convention and exhibition hub.’
Ms Lee-Müller added, ‘With the on-going pandemic situation overseas, countries are continuously updating their inbound and outbound travel restrictions and compulsory quarantine requirements. As such, many international exhibitions and conventions originally scheduled for the second half of 2020 have been postponed or cancelled. Mega exhibitions typically have long planning lead-times, and re-launching them before the October 2021 deadline for the Subsidy Scheme may prove challenging. However, we believe that once the pandemic is under control, exhibition and convention oganisers will waste no time bringing exhibitions back onto their event calendars. To ensure that mega exhibitions and international conventions return to Hong Kong after the pandemic, the industry will continue to communicate closely with the Government so that timely actions can be taken to maximise the impact of the Subsidy Scheme.’
The HK$1,020 million (US$131 million) Subsidy Scheme to reinvigorate the convention and exhibition industry has been set up under the Government’s Anti-epidemic Fund. Originally slated to be launched in July 2020, it was postponed following the third wave of the pandemic in the city, which caused the postponement of conventions and exhibitions that were originally scheduled to take place from mid-July to September. The Subsidy Scheme offers to cover a 100% venue rental cost for organisers of exhibitions and international conventions held at the Hong Kong Convention and Exhibition Centre and AsiaWorld-Expo.
About the Hong Kong Convention and Exhibition Centre
This award-winning 306,000 sqm building, first opened in 1988, offers 91,500 sqm of rentable space. An iconic Hong Kong landmark, the Hong Kong Convention and Exhibition Centre (‘HKCEC’) is located on a prime waterfront site in the central business district of Hong Kong. It is owned by the Hong Kong SAR Government and the Hong Kong Trade Development Council.
About Hong Kong Convention and Exhibition Centre (Management) Limited
Hong Kong Convention and Exhibition Centre (Management) Limited (‘HML’) is a professional private management and operating company responsible for providing day to day management for the HKCEC, where it oversees administration, marketing, booking, scheduling, event co-ordination, maintenance and security. It also manages food and beverage operations at the HKCEC, including restaurants and catering services. HML provides world-class services for users, visitors and guests of the HKCEC, a venue which has been consistently awarded the title of ‘Best Convention and Exhibition Centre in Asia’ by leading industry professionals. Events at the HKCEC, including exhibitions, conferences, corporate meetings, entertainment events, seminars and banquets, contribute significant economic benefits to the city, and help raise the international image of Hong Kong.
HML is a member of NWS Holdings Limited. NWS Holdings Limited (Hong Kong Stock Code: 659), as the diversified industries flagship of New World Development Company Limited (Hong Kong Stock Code: 17), invests and operates a wide range of businesses predominantly in Hong Kong and across Greater China. The Group’s core businesses include toll roads, commercial aircraft leasing, construction and insurance, while it also manages a strategic portfolio spanning sectors from environment, logistics, facilities management to transport. Please visit www.nws.com.hk for details.
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