The Government announced today that the Convention & Exhibition Industry Subsidy Scheme will be extended for six months to June 30, 2022.
The extension will benefit more convention and exhibition activities and enhance the confidence of event organisers in staging activities in Hong Kong.
Established with a commitment of $1.02 billion, the scheme consists of two parts. One part provides organisers with a full subsidy for the venue rental of exhibitions and international conventions at the Hong Kong Convention & Exhibition Centre and AsiaWorld-Expo starting from October 3, 2020.
The other part of the scheme subsidises exhibitors and major conference participants 50% of the participation fee at events organised by the Trade Development Council starting from November 30, 2020.
As at May 31, it had subsidised 31 exhibitions, involving a total subsidy of about $61 million.