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Apr-Jun 2022 |
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What’s happening on Hong Kong’s creative front that you cannot afford to miss?
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Made in Japan 3.0: Defining a New Phy-gital Reality, Powered by Startrail (23 Apr – 15 May)
Powered by Startrail, Japan’s leading blockchain/web3 infrastructure for the fine art industry, the exhibition at K11 Art Mall brings together unique physical-meets-digital pieces from acclaimed Japanese fashion designers, ceramic artworks, Artificial Intelligence (AI) produced digital portraits, where NFT technology unlocks the concept of the "digital twin", a parallel universe where art meets technology and traditions meet innovation.
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Courtesy Art Central Hong Kong 2021
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Art Central (26 – 29 May)
Art Central showcases the next generation of talent from Asia’s most innovative galleries alongside distinguished artists from around the world. Delivering the best in today’s global contemporary art practice to over 37,000 collectors, curators, critics and art lovers, Art Central returns to Hong Kong at the Hong Kong Convention and Exhibition Centre.
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 Courtesy Art Basel Hong Kong |
Art Basel Hong Kong (27 - 29 May)
In its previous 2021 edition, Art Basel Hong Kong welcomed close to 30,000 visitors with a strong line-up of 104 galleries from Asia and around the world. In parallel with its physical show, its virtual platform "Art Basel Live: Hong Kong" will continue to bring online viewing rooms, public and VIP walkthroughs live-streamed from Hong Kong.
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Culture Clicks: Performing Arts Online at the West Kowloon Cultural District (New Selection Every Wednesday and Saturday)
Get a fresh perspective on the performing arts with the West Kowloon Cultural District’s new online programme Culture Clicks. Over the coming months, the Xiqu Centre and Freespace share a hand-picked selection of digital performances, artist profiles and talks across xiqu, dance, theatre and music. The virtual series features videos of past events as well as newly commissioned works, and is published twice a week via the West Kowloon website and social media pages.
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NEWS UPDATES
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Government to Launch Job Aid Scheme
The Government will launch a new round of the Employment Support Scheme (ESS) to provide time-limited financial support to employers to retain their employees who would otherwise be made redundant. This particular scheme will be more focused on helping SMEs. Further details will be announced soon.
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Unemployed to Get Temporary Relief
Launched under the sixth round of the Anti-epidemic Fund, the Temporary Unemployment Relief Scheme will provide a one-off subsidy of HK$10,000 to people who have lost their jobs due to the fifth wave of the COVID-19 epidemic. Full-time and part-time employees as well as self-employed people may apply for the subsidy. The scheme also covers employees of scheduled premises and catering businesses who have been requested not to work temporarily by their employers given that the operations of those premises have either been suspended or restricted under the tightened social distancing measures. Applications opened on 23 March and will close on 12 April 2022.
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The 2022-23 Budget – Support to Enterprises
To address the needs of businesses affected by the pandemic, preserve economic vitality and safeguard jobs, the Financial Secretary, Mr Paul Chan, announced a raft of business relief measures in his 2022-23 Budget. These include:
- Special 100% Loan Guarantee for Enterprises: Increase the maximum loan amount per enterprise from the total amount of employee wages and rents for 18 months to that for 27 months with the loan ceiling raised from HK$6 million to HK$9 million, and by extending the maximum repayment period from eight years to 10 years
- Rental Enforcement Moratorium: Introduce new legislation to prohibit landlords from terminating the tenancy of or not providing services to tenants of specified sectors for failing to settle rents on schedule, or taking relevant legal actions against them. The relief will be valid for three months and, if necessary, be extended one more time for the same duration, with the legislation automatically lapsing after six months
- Reduce profits tax for the year of assessment 2021/22 by 100%, subject to a ceiling of HK$10,000
- Extend the Pre-approved Principal Payment Holiday Scheme to end October, offering enterprises the option of making partial repayment of principal over a longer period of time
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Art and Culture Sector
- For organising the first Hong Kong Performing Arts Market within two years, HK$42 million will be allocated to the largescale arts market, which is designed for the performing arts industry. It will serve as an integrated platform for showcasing the works of topnotch performing artists and arts groups from the Mainland, Hong Kong and overseas
- An additional HK$10 million will be injected into the Arts Capacity Development Funding Scheme in order to encourage small and medium-sized arts groups to further explore the use of arts technology under the scheme
- In popularisation of the arts, HK$20 million will be allocated per year to regularise the Community Arts Scheme in providing more opportunities to the public to take part in arts and cultural activities to integrate art into the community
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Anti-epidemic Relief Fund for the Creative Industries Sector
The Government has launched another edition of the Arts and Culture Sector Subsidy Scheme under the sixth round of the Anti-epidemic Fund to further support arts groups, individual arts practitioners and freelancers who have been affected by the fifth wave of the COVID-19 epidemic.
- The Home Affairs Bureau (HAB) will provide a one-off subsidy of HK$80,000 to each of the eligible performing arts groups which are affected by the epidemic. These groups include the major performing arts groups, arts groups funded by the Hong Kong Arts Development Council (HKADC), venue partners of the Leisure and Cultural Services Department and Arts Capacity Development Funding Scheme grantees
- The HAB will also entrust the HKADC and The Chinese Artists Association of Hong Kong to provide a one-off subsidy of HK$10,000 to each eligible individual arts practitioner and freelancer who had earlier benefited from the Arts and Culture Sector Subsidy Scheme
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HK Digital Entertainment Industry Fresh Graduate Support Scheme
Sponsored by CreateHK, the 5th Scheme is currently opened for local digital entertainment companies to employ and train fresh graduates and nurture the latter to become new blood of the industry. A monthly subsidy of HK$6,000 (up to 12 months) will be provided for every graduate employed under the Support Scheme. Application deadline: 5pm on 30 April 2022
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InvestHK Creative Industries Video Collection: Gamefi X Metaverse
The upsurge of the art market in online and NFT sales and the exciting development in the Metaverse in gaming, esports and digital entertainment, have created many opportunities in Hong Kong for creative businesses of any size to enter Asia and Mainland China. Find out more from InvestHK creative industries video series on the latest trends and opportunities in NFTs and the Metaverse, watch the first video that was launched recently:
- Gamefi X Metaverse – featuring Animoca Brands, a leader in digital entertainment, blockchain, and gamification (Watch now)
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IMF Acknowledges Hong Kong's Strong Economic Recovery and Stability of its Financial System
The International Monetary Fund (IMF) released a Staff Report in March that reaffirms Hong Kong's position as a major global financial centre with a resilient financial system, sound macro prudential policies, and robust regulatory and supervisory frameworks. The IMF recognises that Hong Kong's financial sector has continued to expand robustly, even during the pandemic.
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NEW COMPANIES IN TOWN
ARTech Space Limited (Korea)
ARTech Space Limited is a Hong Kong based immersive art technology startup co-founded by a team of Korean and Hong Kong veterans in the digital advertising industries. ARTech Space offers a solution that transforms offline visitor experience into an XR space where visitors can interact with digital content with their mobile phones. The solution is applicable to shopping malls, retail shops and other commercial entities.
artechspace.io
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Culture Kid Films (Australia)
Culture Kid Films creates innovative advertising films and branded content for brands in Hong Kong and globally. Led creatively by award-winning commercial film and content director, Vikash Autar, the company has over 10-years of experience and has travelled all over the world producing highly engaging films for companies like Cathay Pacific, Mastercard, Huawei and Qantas.
culturekidfilms.com
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Golden Grains (Mainland)
Golden Grains provides media services to enterprises by relying on big data of capital public opinion and using the domestic and foreign financial media matrix as the platform to create a cross-border financial media value service system. It has provided media services to over 500 domestic and foreign enterprises. The company also has various online channels to disseminate news to the Mainland audience.
popfinancehk.com
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Good People Basically™ (Singapore)
Dedicated to the development of brand experience through contemporary design in Hong Kong, Good People Basically™ was founded by acclaimed Singaporean designer Alvin Lim, with story designer Greg Sutcliffe. Good People Basically™ has established a diverse creative portfolio of toys, food, luxury lifestyle products and art installations. The company is headquartered in Hong Kong with subsidiaries in Shanghai and Singapore.
goodpeoplebasically.com
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Qanvast (Singapore)
Qanvast provides users numbers of featured services, including various interior design firms’ portfolios consolidation, interior design company matching, informative articles with renovation trends, renovation ideas brainstorming, and verified reviews of different interior design firms for reference, to help users make better and more informed decisions for their home renovation.
qanvast.com/hk
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The French Girl Urban Art (France)
French digital artist Caroline Tronel founded The French Girl Urban Art studio workshop and consultancy. With the artist’s own art creations, curatorship and project management services, The French Girl Urban Art aims to build a cool, urban and responsible lifestyle brand to share her strong message that colours and creativity make people happier.
thefrenchgirlurbanart.com
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UPCOMING EVENTS
Le French May 30th Anniversary issue
Various venues
Apr – Jun
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Campaign 360 (Singapore/Hong Kong/virtual)
10 – 12 May
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Jewellery and Gem ASIA Hong Kong
16 – 19 Jun
Hong Kong Convention and Exhibition Centre
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SOPA Awards 2022
Jun (exact date to be confirmed)
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CONTACT US
If you'd like to know more about how InvestHK's Creative Industries team can assist you with business establishment or expansion in Hong Kong, please get in touch.
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