The Hong Kong Sevens rugby tournament and other mega-events being held during a month-long “Super March” campaign will boost the local economy but they are unlikely to generate a multiplier effect similar to concerts by US pop star Taylor Swift, experts have said. The Sevens, which run from Friday to Sunday, along with Art Basel…
The economic benefits of hosting shows by US pop star Lady Gaga would have to be weighed against the requirements for securing an exclusive Asian stop, observers in Hong Kong said on Monday after rival Singapore signed up the singer for four dates in May following Taylor Swift’s concerts last year. The opening earlier this…
Finance ministers from developed Western economies would “be happy” to have Hong Kong’s level of deficits and reserves, economic experts have said, stressing that the city remains robust financially while having more room for bond issuances. The economists were speaking at a panel discussion on Monday at the Redefining Hong Kong Series 2025: Budget Edition…
Beijing’s top envoy to the United States has called for “objective and rational” views on China through more people-to-people exchanges, especially among youth. A total of 14,000 young Americans have visited China since November last year, when President Xi Jinping announced plans to welcome 50,000 young Americans on exchange and study programmes over the next…
HONG KONG (Reuters) – Hong Kong leader John Lee said on Thursday he had replaced two senior officials in an unexpected move that he said would maximise social and economic benefits and help the city “catch up” with other tourism destinations. Hong Kong has struggled to revive its appeal among international tourists after sometimes violent…
Hong Kong has tightened the criteria of a mega-events fund by requiring organisers to promote tourism and stimulate economic growth, while eyeing more efficient allocation of resources for a targeted 10 large-scale projects per year. The review of the Mega Arts and Cultural Events (ACE) Fund by the Culture, Sports and Tourism Bureau followed controversy…