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Blending mega events appeal with business opportunities and MICE visitors are invited to top-class wine-pairing experiences; in tandem, the HKTB launches new products to drive high-yield MICE tourism.HONG KONG SAR - Media OutReach Newswire - 26 October 2025 - The annual flagship "Hong Kong Wine & Dine Festival" returns this year (23-26 October) with the vibrant theme "REMIX. BEST OF ALL WORLDS." The Hong Kong Tourism Board (HKTB) took the opportunity to solidify Hong Kong's reputation as a world-class epicurean capital and premier destination for business and leisure. Hong Kong Top Travel Agent Awards Celebration & Gala Dinner 2025 The HKTB unveiled a series of strategic initiatives designed to engage high-yield visitors, and invited convention and exhibition visitors and travel agents from nine strategic markets to join in the festival. An exclusive sommelier wine-pairing private tour was arranged and an annual top agent award gala dinner was hosted to drive high-yield tourism and maximise the impact of mega events. Along with the mega experience enhancement, the HKTB captured the opportunity to launch new incentive products in the "Hong Kong Incentive Playbook 2.0: New Discovery Product Update" on 24 October at Ocean Park Marriott Hotel, to drive high-yield MICE tourism. MICE Meets Gastronomy: Top Agents Celebrate with Master Chefs' Tasting Menu at Gala Dinner The HKTB hosted over 80 top-tier travel agents from nine short-haul markets – Chinese Mainland, India, South Korea, Thailand, Indonesia, Malaysia, Singapore, Vietnam and The Philippines for a familiarisation trip from 22 October to 27 October, offering them a taste of the new incentive products in town, as well as recognising their achievements in bringing incentive groups to Hong Kong for the past year. To celebrate their success, the HKTB hosted the prestigious "Toast to Success: Hong Kong Top Travel Agents Celebration & Gala Dinner", where guests savoured an exquisite Cantonese dinner crafted by five master chefs, while being recognised for their roles in promoting Hong Kong. This underscored the city's dual appeal as a global gastronomic hub and MICE powerhouse. Guests enjoy an exquisite Cantonese dinner Masterfully crafted dish by acclaimed chef Performance by musicians at the Gala Dinner Jennifer Ma, Executive President of Grand China MICE Holdings Co. Ltd., remarked that corporate groups from Chinese Mainland place particular importance on food, making the Hong Kong Wine & Dine Festival highly attractive to them. Participants can enjoy wine, and the format of the event allows them to deeply experience a sense of integration with local Hong Kong life. It also offers a cultural experience that blends East and West. "This kind of opportunity is especially popular among many young people in Chinese enterprises", she noted. Additionally, she mentioned that the upgraded Hong Kong Incentive Playbook 2.0 together with its new 'Empowerment' theme and HKTB's curated familiarisation trip in Hong Kong provided insights into many new tourism resources, such as events and venues, which will help Chinese Mainland enterprises better plan future MICE travel activities to Hong Kong. Hong Kong Incentive Playbook 2.0: New Discovery Product Updates to Refresh Appeal Hong Kong Incentive Playbook 2.0 trade briefing Coinciding with the Festival, HKTB unveiled the upgraded "Hong Kong Incentive Playbook 2.0: New Discovery" on 24 October at a gathering of close to 300 agents and industry partners. Expanding on the first edition's success, Playbook 2.0 delivers 200+ fresh experiences, from fencing workshops and billiard masterclasses to tours of grand auction houses, iconic movie sets and traditional Chinese temples, immersing MICE travellers in Hong Kong's vibrant culture. Two new themes —Cruise and Empowerment— have been added to broaden itinerary possibilities, blending team-building thrills with personal enrichment and taking the excitement to the sea, ensuring both professional growth and unforgettable moments in Victoria Harbour. Some of the ideas were curated for a sneak peek during the mega familiarisation trip from 22-27 October. Anthony Lau, Executive Director of the HKTB, delivers opening remarks Distinguished guests enjoy the Hong Kong Incentive Playbook 2.0 trade briefing Hong Kong Incentive Playbook 2.0 Ornnichcha Chomraka of Bonus Travel, Thailand said that the Hong Kong Wine & Dine Festival, held in late October, coincides with public holidays in Thailand, making it an ideal time for Thai food lovers to visit Hong Kong and enjoy the experience. She also observed a growing interest among companies in cruise tourism products. Many cruises operating out of Hong Kong include itineraries that visit other countries and regions, which helps her company expand and enrich its MICE travel offerings — for example, combining a two-day Hong Kong land itinerary with a cruise voyage. Convention and Exhibitions Visitors Staying Longer for Wine & Dine Thrills To highlight the city's seamless integration of business events and leisure experiences, the HKTB invited thousands of conventions and exhibition visitors from six business events to join the Festival 2025. The events spanned five key sectors – Legal Services, Aviation, Financial Services, Manufacturing and Trade. The allure of the vibrant Wine & Dine Festival encouraged overseas participants to prolong their stay, in order to explore and experience Hong Kong fully. Thematic website of "Hong Kong Incentive Playbook 2.0": https://www.hkincentiveplaybook.com Thematic video of "Hong Kong Incentive Playbook 2.0 - New Discovery" (English version): https://www.youtube.com/watch?v=4-rOJSZTD5Y Thematic video of "Hong Kong Incentive Playbook 2.0 - New Discovery" (Simplified Chinese version): https://www.youtube.com/watch?v=tFag1XULpHQ The issuer is solely responsible for the content of this announcement.
Partnership aims to strengthen Hong Kong's positioning as a welcoming destination for Muslim travelers. SINGAPORE, Aug. 19, 2025 /PRNewswire/ -- Muslim leisure travelers have the same motivations as others: explore new cultures, discover local experiences, and create meaningful memories. Jelajah Hong Kong, powered by Klook and Hong Kong Tourism Board. The key difference lies in their need to do so in line with faith-based needs, such as access to Muslim-friendly food, prayer facilities, and privacy considerations. "Travel planning to non-Muslim-majority destinations can be stressful when key information for our faith-based needs isn't readily available," says Fazal Bahardeen, CEO of CrescentRating and HalalTrip, global authorities in Muslim-friendly travel. "And navigating unfamiliar places among unfamiliar people can add to that anxiety." "These gaps create feelings of discomfort or exclusion, undermining the very purpose of leisure travel, which is to enjoy new experiences with peace of mind," he adds. This inspired "Jelajah Hong Kong", Hong Kong Tourism Board (HKTB)'s first-ever multi-market campaign to elevate Hong Kong as a Muslim-friendly destination. Now enhanced with Klook. As part of this partnership, Klook brings to life a one-stop shop of Muslim-friendly activities and accommodations, as well as prayer-friendly day trips to family attractions and cultural highlights. Muslim travelers having a great time in Hong Kong. To bring these experiences to life, Klook taps into its Kreator network in key markets of Singapore, Malaysia, and Indonesia to develop and share curated itineraries, offering firsthand recommendations that give Muslim travelers the comfort and confidence to explore Hong Kong freely. Kenny Sham, General Manager for Hong Kong, Macau, and Thailand at Klook, says: "We are always thinking about how to create more inclusive travel experiences by leveraging our strengths in discovery, data-driven insights, and curated offerings. Working with HKTB, we are able to tighten the information gaps for Millennials and Gen Z Muslim travelers, thereby helping them to explore Hong Kong with confidence and comfort." This initiative builds on recent progress. For Klook, this campaign follows its partnership with CrescentRating and HalalTrip. Through which, Klook became the first global experiences platform to offer verified Muslim-friendly ratings, allowing users to easily identify activities and attractions that align with their faith-based needs. As for Hong Kong, the city has been named the "Most Promising Muslim-friendly Destination of the Year" at the Halal in Travel Awards 2025. Hong Kong now ranks third among non-OIC (Non-Organization of Islamic Cooperation) destinations and second globally in the Muslim Women Friendly Travel Destination category in the 2025 Global Muslim Travel Index (GMTI). These accolades reflect growing recognition from the Muslim community for Hong Kong's commitment to delivering inclusive and culturally respectful experiences for Muslim travelers. Liew Chian Jia, Regional Director, Southeast Asia of the Hong Kong Tourism Board (HKTB), says: "Since the launch of our Muslim-focused campaign, "Jelajah Hong Kong", we've observed a growing level of interest and inquiries from Muslim travelers across our key source markets. Through this campaign, Hong Kong Tourism Board is strategically highlighting the city's expanding range of Muslim-friendly offerings and experiences." "This partnership with Klook marks a timely and meaningful collaboration that further positions Hong Kong as an inclusive and welcoming destination for Muslim travelers. It also underscores our ongoing commitment to diversifying Hong Kong's tourism appeal and meeting the evolving needs of global visitors," says Chian Jia. GMTI reported that international Muslim arrivals reached 176 million in 2024 — up 25% from 2023 — and were projected to grow to 245 million by 2030. By then, total travel spending is expected to reach USD$230 billion, highlighting the growing influence and economic potential of this vibrant market. And Klook's data backs this trend. Over the past 12 months, bookings to Hong Kong from the Muslim community have grown by 43.5%, with theme parks and attractions leading the way. "We are delighted to see Hong Kong making significant strides towards becoming a more inclusive and welcoming destination for Muslim travelers. The partnership between Klook and HKTB is a good example of how collaborations can create meaningful, Muslim-friendly travel experiences to provide useful and relevant travel information for tourists," says Fazal. The gateway to Muslim-friendly travel in Hong Kong starts here: Singapore: English Malaysia: English | Bahasa Melayu Indonesia: Bahasa Indonesia About Klook Klook is a leading platform for experiences and travel services in Asia. We curate quality experiences ranging from attractions and tours to local transport and experiential stays, in approximately 3,400 destinations globally. Founded in 2014, we are here to inspire and enable more moments of joy for travelers anytime, anywhere. About the Hong Kong Tourism Board The Hong Kong Tourism Board (HKTB) is a government-subvented body tasked to market and promote Hong Kong as a travel destination worldwide and to enhance visitors' experience once they arrive. More: https://www.discoverhongkong.com/seasia/index.html Follow us: https://www.facebook.com/DiscoverHongKong or https://www.instagram.com/discoverhongkong
Celebrating the history of Old Town Central and Hong Kong’s vibrant culture HONG KONG, June 19, 2025 (GLOBE NEWSWIRE) -- The Hong Kong Tourism Board (HKTB) is excited to announce its upcoming activation at Art Basel in Basel 2025, presenting the Hong Kong Bar from 19 – 22 June 2025. To bring the project to life, HKTB are collaborating with Hong Kong artist Phoebe Hui to debut her new installation, Under the Moonlight, imbuing the bar with a captivating energy. This will be the first time HKTB showcases the city’s unique culture at Art Basel’s flagship show, as part of their pioneering three-year global partnership with the brand – inviting visitors from around the world to experience the vibrant artistic spirit and dynamic energy of Hong Kong. HKTB Executive Director Dane Cheng said, “We are committed to sharing Hong Kong’s artistic dynamism and vibrant culture at Art Basel through our three-year global partnership with the fair, connecting with audiences from around the world on this prestigious platform. At Art Basel in Basel, we will showcase the inspiring neighbourhood of ‘Old Town Central’ – transporting visitors to the bustling atmosphere of Hong Kong life with the unique flavours offered on our ‘Hong Kong Bar’ menu. We are also honoured to be working with local artist Phoebe Hui, who will captivate audiences with her installation. We hope that you enjoy raising a glass at the ‘Hong Kong Bar’.” Angelle Siyang-Le, Director of Art Basel Hong Kong, said: “We are thrilled to bring the vibrant spirit of Hong Kong to the heart of Art Basel in Basel, our mothership of fairs, showcasing not only our city’s rich cultural heritage but also its dynamic and evolving identity. Through the Hong Kong Bar and the collaboration with Phoebe Hui, we invite visitors to experience Hong Kong’s unique blend of tradition and innovation – where every detail, from the Yuen Yeung Martini to the immersive design inspired by Central Market, tells a story of resilience, creativity, and community. This platform marks a significant milestone in our global partnership with Hong Kong Tourism Board, reinforcing Hong Kong’s position as a leading cultural hub that bridges East and West.” A Taste of Hong Kong’s Heritage: Inspired by Old Town Central and Central MarketThe Hong Kong Bar will immerse visitors in the lively atmosphere of Hong Kong’s Old Town Central neighbourhood, featuring a signature cocktail inspired by the city’s distinctive flavours. The “Yuen Yeung Martini” blends vodka and coffee with the famous Hong Kong-style milk tea to offer an energising refreshment for fair visitors. Accompanied by a curated menu of other special cocktails and snacks inspired by Hong Kong’s culinary heritage, visitors will embark on a multisensory journey exploring Hong Kong’s layered urban identity, combining authentic local delicacies with immersive design and art, presenting a holistic experience that captures the city’s essence. Aligning with Art Basel’s flagship fair in Basel, HKTB will showcase the heart of Hong Kong’s cultural scene on the world’s stage. The bar’s design is inspired by the iconic landmark of Central Market, the first permanent indoor market in Hong Kong’s Old Town Central area dating back to the 19th century. The marketplace played a quintessential part of Hong Kong daily life, hosting lively food stalls and retail spaces. Now, the revitalised community space bridges the past with the present, symbolising the city’s layered and ever-evolving urban identity and providing ample inspiration for the Hong Kong Bar. At Art Basel in Basel, HKTB will embody Central Market’s architectural charm and lively atmosphere, transforming the space into a living tribute to the neighbourhood's legacy for visitors to engage with the city’s cultural narrative through a blend of taste, space, and story. Artistry and Culture: Capturing the City’s RhythmLocal artist Phoebe Hui, whose captivating moon-themed pieces and research-driven practice explores how technology shapes our perception of reality, will debut a brand-new installation titled Under the Moonlight, illuminating the bar setting. Hui’s work utilises technology and machine learning to reimagine the moon’s phases, reminiscent of Hong Kong’s energetic, dazzling nights, as well as evoking powerful symbolism in Chinese culture of immortality, femininity, success, and purity. Drawing inspiration from the constantly shifting cycles of the moon, the specially commissioned piece adds an element of poetic and meditative ambiance, echoing the city’s rhythm of constant change and resilience. Phoebe Hui said, “Hong Kong, famed for neon lights and a city that never sleep — this work offers an introspective pause beneath the moonlight. Moonlight shimmers softly yet sharp, a gauze where neon and quiet hues entwine, neither fully present nor absent. Under the moon’s shifting glow, Hong Kong reveals its contemplative heart, folding the night into layers of color and memory — a whispered dialogue between distant stars and crowded streets.” A Platform for Global Cultural ExchangeHKTB’s showcase at Art Basel in Basel is a continuation of its ongoing partnership with Art Basel and underscores Hong Kong’s commitment to presenting the city as a leading center for art and culture. Art lovers and cultural enthusiasts from around the world are invited to rediscover Hong Kong as a city that thrives at the intersection of heritage and modernity. Hong Kong Bar at Art Basel in Basel Location: Hall 2.2, Messe Basel, Messeplatz 10, 4058 Basel, Switzerland Operation Hours: VIP Days: 17-18 June, 11am-8pm Public: 19-22 June, 11am-7pm Visitor Information: Visitor Information | Art Basel For media inquiries, please contact: Renee Chan | renee@suttoncomms.com To access hi-res images: https://assetlibrary.hktb.com/assetbank-hktb/action/browseItems?categoryId=2076&categoryTypeId=2&cachedCriteria=1 All image captions: Hong Kong Bar at Art Basel in Basel 2025, courtesy of Hong Kong Tourism Board Notes to Editor About Hong Kong Tourism BoardThe Hong Kong Tourism Board (HKTB) is a government-subvented body tasked with maximising the contribution of tourism to Hong Kong’s economy and upholding Hong Kong as a world-class travel destination. The HKTB works in partnership with relevant government departments and organisations, the travel-related sectors, and other entities related to tourism in marketing and promoting Hong Kong worldwide, while enhancing visitors’ experiences through providing diverse and quality tourism products and services. The HKTB has 15 Worldwide Offices and representatives in 7 markets. About Art BaselFounded in 1970 by gallerists from Basel, Art Basel today stages the world’s premier art shows for Modern and contemporary art, sited in Basel, Miami Beach, Hong Kong, Paris, and Qatar. Defined by its host city and region, each show is unique, which is reflected in its participating galleries, artworks presented, and the content of parallel programming produced in collaboration with local institutions for each edition. Art Basel’s engagement has expanded beyond art fairs through new digital platforms including the Art Basel App and initiatives such as the Art Basel and UBS Global Art Market Report, the Art Basel Shop, and the Art Basel Awards. For further information, please visit artbasel.com. Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/e5dfc815-c687-4b16-8820-b4b9bee9e153https://www.globenewswire.com/NewsRoom/AttachmentNg/8f4364fb-0677-483e-8a79-8f339f9d78e9https://www.globenewswire.com/NewsRoom/AttachmentNg/28de3718-2797-4934-86e1-6280b10673ae
Under the theme "Redefining Luxury Through a Global Lens," the Leaders of Luxury Summit will gather international luxury players to discuss the global luxury industry. HONG KONG, Sept. 23, 2024 /PRNewswire/ -- Robb Report Hong Kong is delighted to announce that the inaugural Leaders of Luxury Summit will be hosted in Hong Kong with the Hong Kong Tourism Board (HKTB) as the major supporting organisation. As the first summit of this size and magnitude, the event will be held at the spectacular Regent Hong Kong from 26 to 28 November 2024. It is expected to be one of the most exciting international luxury events to take place in Hong Kong this year. Leaders of Luxury Summit hosted by Robb Report Hong Kong Organised by Robb Report Hong Kong, the leading voice in the global luxury market, and with the support of HKTB, the Leaders of Luxury Summit will gather heads of international luxury companies, top business leaders and entrepreneurs, C-level executives, and international Robb Report editors to deep-dive into the dominant trends, disruptions, and direction of the global luxury industry through a series of engaging talks, thought-provoking panel discussions, and stimulating keynote speeches under the theme "Redefining Luxury Through a Global Lens." "We are thrilled to support Robb Report Hong Kong in launching this brand-new summit in Asia. As the heart of Asia and a gateway to Mainland China, Hong Kong has always been a meeting place where people converge to discuss transformational topics. This time, the city is at the epicentre of redefining luxury on a global scale. Hong Kong is an ideal choice due to its solid business fundamentals and robust family office investments, and concentration of high-net-worth individuals and connoisseurs of luxury goods. It is also the most convenient international gateway not only to Mainland China but also to other high-spending markets in the region. With our treasure trove of experiences, we look forward to welcoming everyone with the best that Hong Kong has to offer for business, fun, and unique lifestyle experiences," said Dr Pang Yiu-kai, chairman of the Hong Kong Tourism Board. From exploring the Greater Bay Area and how family offices can drive luxury growth, to the impact of AI on luxury commerce, the role of sustainability in the future of luxury, and defining the financial forces impacting the global luxury market, a rich variety of seminal topics will explore the direction of the luxury industry and how current economic development in the region is creating even more opportunities. Hong Kong remains a dynamic luxury consumer hub and an all-important gateway to Mainland China, one of the most significant markets for any brand worthy of its stripes. The Leaders of Luxury Summit sets out to home in on Hong Kong's position as the definitive luxury hub of Asia, analysing its unique position as a leading consumer of luxury goods and services, as well as a driver of redefining luxury on a global scale. Major tentpole topics covered by Robb Report Hong Kong pages, such as wheels, wings, and water, as well as travel, style, watches, jewellery, and all matters of lifestyle, will be discussed at length as the Leaders of Luxury Summit presents a platform for speakers to engage, enlighten, and inform a gathering of influential guests and fellow industry players. "I am delighted to announce that Hong Kong has been chosen as the city to host the inaugural Leaders of Luxury Summit," says Tak Man, CEO and publisher of Robb Report Hong Kong. "For the first time ever in Asia, to bring this kind of event to Hong Kong is exciting on a global level—an event like this sets the stage to announce that Hong Kong is the definitive luxury hub of Asia, and we are thrilled to be the host." The official list of speakers at the Leaders of Luxury Summit will be announced here in the coming weeks. Over 300 VIP guests are expected to attend, including international and local delegates, as well as Robb Report publishers and editors from around the world. As part of the Leaders of Luxury Summit, there will be an unmissable, spectacular black-tie gala dinner held in the stunning ballroom of Regent Hong Kong on 27 November 2024 under the theme "Best of the Best." This special event will be a celebration of brands and individuals for their unique exceptionalism in driving the future of luxury, and the elegant soirée is expected to be an extraordinary evening full of surprises for all guests. Click here for more information on the Leaders of Luxury Summit. About Robb Report Hong Kong Robb Report Hong Kong entered the Hong Kong luxury lifestyle media market in 2022 under Nexus Media Limited, and the title is dedicated to featuring all aspects of luxury, including automobiles, aviation, and yachts, alongside coverage of real estate, travel, dining, whiskies, wine, watches, jewellery, fashion, and more. Robb Report Hong Kong's print magazine, Best of the Best, is an annual publication that serves as the definitive tome on luxury and lifestyle in Asia, showcasing the finest products and services, while the Robb Report Hong Kong website is dedicated to daily reporting on the latest in the world of luxury across all digital platforms. For more information, please visit www.robbreport.hk. Contact:Cherry CheungStrategic Development Directorcherry.cheung@robbreport.hk
HONG KONG, March 5, 2026 /PRNewswire/ -- From February 23 to 27, the Asia-Pacific Association for International Education (APAIE) 2026 Conference and Exhibition was led by The Chinese University of Hong Kong (CUHK) as the lead host with seven other University Grants Committee (UGC)-funded universities serving as co-hosts. The conference was supported by the HKSAR Government, the UGC and the Hong Kong Tourism Board. Under the theme "Asia-Pacific Partnerships for the Global Good", the event attracted over 3,500 participants and 600 exhibitors from 72 countries and regions, a record high for the conference. CUHK previously hosted the APAIE Conference and Exhibition in 2013. As one of the world's three most significant international education conferences, the 2026 event not only showcased Hong Kong's dynamism as an international education hub, but also charted a future-oriented blueprint for Asia-Pacific higher education cooperation. Professor Dennis Lo Yuk-ming, Vice-Chancellor and President of CUHK, emphasized that Hong Kong has become a vital international education hub, capable of comprehensively showcasing its higher education strengths to the outside world, including its facilities, research, talent cultivation, and scientific and technological innovation achievements. At the start of the conference, the Education Bureau of the Hong Kong Special Administrative Region (HKSAR) Government officially launched the "Study in Hong Kong" week, aiming to showcase the city's unique value as a top-tier study destination to students worldwide. Hong Kong, an international metropolis with a population of approximately 7.7 million, boasts five universities ranked among the world's top 100 — a density of world-class higher education institutions rarely seen globally. Dr. Choi Yuk-lin, Secretary for Education of the HKSAR Government, said that as a "super-connector" in the global education network, Hong Kong is dedicated to fostering a highly internationalized and diverse academic ecosystem. For global students, studying here means not just earning a degree from a top university, but also taking ownership of your future and building the skills that matter. Backed by the vast Chinese Mainland market and connected to the world, Hong Kong enjoys unique advantages in both basic and higher education, Professor Lo said. He affirmed that, when combined with the HKSAR Government's proactive talent attraction policies, comprehensive study and employment schemes, social stability and safety, Hong Kong is undoubtedly a top study destination for students globally. Speaking on Hong Kong, Professor Venky Shankararaman, President of APAIE, said that as Asia's World City, Hong Kong possesses international connectivity advantages, world-class infrastructure and rich cultural experiences, and is a "melting pot" of Eastern and Western cultures. "Its open, internationalized environment makes it an ideal gateway connecting China with the world, providing unique fertile ground for cultivating international talent and fostering diverse innovation," Professor Shankararaman said during the APAIE 2026 Conference and Exhibition. Experts noted that educational opportunities are not isolated phenomena but are deeply intertwined and mutually reinforcing with macro trends, such as regional economic integration, technological revolutions, demographic shifts, and the evolution of global governance. Professor Lo said the driving forces of Asian economic growth are undergoing a fundamental shift, with mutual dependence, synergy from intra-regional trade, and investment increasingly becoming key engines, altering the previous singular reliance on exports to Western markets. Professor Lo emphasized that the new wave of technological revolution, led by artificial intelligence (AI), and the green energy transition, represented by the photovoltaic industry and electric vehicles, are becoming core factors reshaping Asia's economic resilience and defining future competitiveness. In this context, emerging markets like Indonesia, Malaysia, Singapore, and Vietnam are performing remarkably, and their substantial demand for higher education and pursuit of continuous improvement are expected only to increase further, he said. "By deepening regional education cooperation, expanding teacher and student exchange networks, and jointly building research collaboration platforms, we can effectively promote the cross-border flow and optimal allocation of educational resources, achieving complementary advantages and synergistic development," said Professor Shankararaman in an interview. He noted that while educational resources in the Asia-Pacific are unevenly distributed, the region possesses prominent complementary advantages. "This complementarity of differences will not only enhance the overall quality of education and innovation efficiency in the region, but also provide solid talent and intellectual support for addressing shared global challenges and promoting inclusive growth," Professor Shankararaman said.
HONG KONG SAR - Media OutReach Newswire - 25 February 2026 - Paul Chan, Financial Secretary of the Hong Kong SAR Government, delivered his 2026-27 Budget today (February 25), with a range of initiatives to support and diversify Hong Kong's economic growth, boost innovation and technology (I&T), speed up development of the Northern Metropolis and proactively align with China's National 15th Five-Year Plan. The theme of the 2026-27 Budget, the fourth Budget of the current-term Government, is "Driving High-quality, Inclusive Growth with Innovation and Finance". Hong Kong SAR’s Financial Secretary, Paul Chan, delivers the 2026-27 Budget today (February 25) "Over the past year, as a result of the booming economy and capital market, our tax revenue has increased. Coupled with the reinforced fiscal consolidation programme gradually bearing fruit, our public finances have improved sooner than expected," Mr Chan said. The Financial Secretary revealed that Hong Kong's Consolidated Account was expected to register a surplus of $2.9 billion in the current fiscal year, instead of a deficit of about $67 billion as originally estimated. The Operating Account for 2025-26, which was originally estimated to record a deficit of about $3 billion, will register a surplus of $51.3 billion, he said. It was also confirmed that Hong Kong's economy expanded by 3.5% in 2025, with growth forecast to be between 2.5% and 3.5% for 2026. Mr Chan noted that this year marks the beginning of the National 15th Five-Year Plan, and he stressed the need for Hong Kong to actively align with the Plan. "Our country's sustained high-standard two-way opening-up, coupled with scientific and technological innovation, have presented us with new opportunities," he said. "We must embrace the 15th Five-Year Plan with an innovative mindset, fostering new quality productive forces in accordance with local conditions." Mr Chan set out a series of measures to drive I&T development, including establishing the Committee on AI+ and Industry Development Strategy; taking forward the Sandy Ridge data facility cluster project; promoting AI training; and accelerating digital intelligence transformation of the Government. "We are pressing ahead with the industrialisation of AI and deepening its integration across various industries, while encouraging wider AI application, thereby achieving the target of adoption and utilisation by all," he said. The International Clinical Trial Academy will, he said, also be established to help enable the Chinese Mainland's biomedicine technology to go global, attract foreign investment, and help develop Hong Kong into an international health and medical innovation hub. To facilitate the development of new industrialisation, the Budget has earmarked resources for establishing in Hong Kong the first national manufacturing innovation centre outside the Mainland, and the New Industrialisation Elite Enterprises Nurturing Scheme will be launched. The Government will promote the full integration of technological innovation and industrial innovation through key infrastructure, including the Hong Kong Park of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Co-operation Zone, and the San Tin Technopole in the Northern Metropolis. To support financial services, Hong Kong will proactively align with national development strategies, advance the internationalisation of the Renminbi, and continuously reform the securities market. The Government will legislate this year to enhance tax regimes for family offices and funds, as well as establish licensing regimes for digital asset dealing and custodian service providers. "Despite the complex and ever-changing external environment, Hong Kong's financial market has performed strongly and our financial system remains robust," Mr Chan said. "We will continue to consolidate our existing strengths, tap into emerging fields, strengthen market systems and risk control and deepen financial co-operation in the GBA (Guangdong-Hong Kong-Macao Greater Bay Area)." Noting that Hong Kong saw a year-on-year 12 per cent increase in visitor arrivals last year, which had created business and job opportunities for related sectors, the Budget will allocate $1.66 billion (US$212 million) to the Hong Kong Tourism Board (HKTB). "The HKTB will scale up its flagship events and promotion, introducing new elements and extending event duration, and organise more signature festive events to highlight Hong Kong's East-meets-West uniqueness," Mr Chan said. The Budget also earmarks an additional funding of $1 billion (US$128 million) for the Built Heritage Conservation Fund to enrich city culture. Elsewhere, the Government will launch the Northern Metropolis Urban-rural Integration Fund as a pilot scheme to support rural tourism projects. To further promote sports development in Hong Kong, the Financial Secretary will inject $1.2 billion (US$154 million) to the sports portion of the Arts and Sports Development Fund. Mr Chan said that the global environment has remained volatile over the past year, and Hong Kong has continued to undergo economic transformation. "Technological innovation, in particular the development of AI, has brought us a mix of opportunities and challenges. Yet, Hong Kong has always thrived amid changes and progressed through innovation. We must make full use of our strengths and leverage the resolute support of our country to speed up and scale up our economic development sustainably for creating better development opportunities for the people and enhancing their quality of life," Mr Chan said. For more details on the 2026-27 Budget, click here. Hashtag: #hongkong #brandhongkong #Budget #Inclusive #Growth #Innovation #Financehttps://www.brandhk.gov.hk/https://www.linkedin.com/company/brand-hong-kong/https://x.com/Brand_HK/https://www.facebook.com/brandhk.isdhttps://www.instagram.com/brandhongkongThe issuer is solely responsible for the content of this announcement.
A12 藝術空間
Hong Kong Tourism Board
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