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Hong Kong government extends convention and exhibition industry subsidy scheme

10/11/2021| 11:52:14 AM|

The amount of the immediate relief will be subject to a cap of HK$1 million (US$128,500) per event.

In response to demand from the Hong Kong Exhibition and Convention Industry, the Hong Kong Special Administrative Region of the People's Republic of China (HKSAR) Government’s Policy Address has announced the further extension of the Convention and Exhibition Industry Subsidy Scheme for six months to 31st December, 2022.

Part of the Scheme's funding will also be allocated to provide a one-off immediate relief measure to private organisers of exhibitions with a clear track record of being held in Hong Kong to help them cope with the impact of the prolonged postponement or cancellation of exhibitions under the pandemic. Private organisers of exhibitions which were held at the Hong Kong Convention and Exhibition Centre or AsiaWorld-Expo in at least any five calendar years from 2015 to 2021 may apply for the one-off immediate relief measure from the Government via the venue operators on or before 30th November, 2021. The amount of the immediate relief will be equivalent to 20% of the average annual rental of the relevant exhibitions, subject to a cap of HK$1 million (US$128,500) per event.

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TAGS: Hong Kong | Industry Subsidy
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