HML welcomes Hong Kong Government’s US$130-million subsidies under novel coronavirus to reinvigorate the exhibition and convention industry
(24 February 2020) 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.
Exhibitors and conference delegates participating in exhibitions and major conventions (with over 400 participants) organised by the Hong Kong Trade Development Council will be funded 50% of their participation fee (subject to a cap of HK$10,000 (US$1,280)) for a 12-month period.
Since the outbreak of the novel coronavirus, a few exhibitions and conferences at the HKCEC originally scheduled in February to April 2020 have been postponed or cancelled. HML has been working closely with event organisers and exercised flexibility for rescheduling as much as possible.
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. About 1,000 events are held at the HKCEC every year, including exhibitions, conferences, corporate meetings, entertainment events, seminars and banquets. These events 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 (‘NWS Holdings’, 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. Our core businesses include toll roads, commercial aircraft leasing, construction and insurance, while we also manage a strategic portfolio spanning sectors from environment, logistics, facilities management to transport. Please visit www.nws.com.hk for details.
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