The government is proactively promoting the mega events economy, achieving significant results, said Michael Wong, the Deputy Financial Secretary.
The Mega Events Coordination Group was established earlier this year to enhance coordination, and the Hong Kong Tourism Board (HKTB) has served as the first point of contact to attract various events. Over 50 projects have been under negotiation for less than half a year.
Wong emphasized that mega events can not only boost the economy, but can stimulate tourism, hotels, catering, and retail industries.
There will be over 210 events throughout the year, expected to attract about 1.7 million tourists and generate approximately HK$ 7.2 billion in spending. The authorities will regularly update and announce the event calendar in advance to seize the business opportunities brought by events, according to Wong.
Wong said that the first batch of about 4,400 light public housing units received over 5,800 applications in the first week, with residents choosing projects in urban areas and the New Territories, proving the demand in different regions. The Task Force on Tackling the Issue of Subdivided Units, led by Wong, will submit proposals to the Chief Executive in August, offering practical and orderly solutions to the issue of substandard subdivided units.
Wong also mentioned continuing to fulfill his role in coordination, such as aligning with the central government's recent announcement to increase the duty-free allowance for mainland travelers' luggage and coordinating the implementation and promotion of related measures in Hong Kong.
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