Hong Kong Allocates Record-Breaking Funds to Elevate Tourism Sector and Foster Cultural Renaissance

Wednesday, 28 February 2024, 15:05

The Hong Kong budget for 2024-25 sets aside HK$1.09 billion to revitalize the tourism industry and enhance the city's cultural landscape. Financial Secretary Paul Chan emphasizes the allocation aims to bolster tourism development, organize impactful events, and position Hong Kong as a thriving cultural destination. With a substantial portion directed towards the Tourism Board, the budget propels initiatives to transform Hong Kong into a vibrant hub for tourism and cultural exchange, fostering economic growth and global appeal.
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Hong Kong Allocates Record-Breaking Funds to Elevate Tourism Sector and Foster Cultural Renaissance

Hong Kong Budget 2024-25 Highlights

Financial Secretary Paul Chan has announced the allocation of HK$1.09 billion towards rejuvenating the tourism sector and enriching the city's cultural heritage.

Key Initiatives:

  • Strengthen Tourism Development: The budget prioritizes initiatives to enhance tourism infrastructure and attract international visitors.
  • Organize Events: Substantial funding is allocated to host diverse events that showcase Hong Kong's cultural richness and diversity.
  • Foster Cultural Exchange: Efforts will be made to transform Hong Kong into a vibrant hub for cultural dialogues and artistic collaborations.

The emphasis on promoting tourism and cultural activities underscores the government's commitment to revitalizing the economy and elevating Hong Kong's global prominence.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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