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ASHK x HKAGA Sculpture Exhibition (now until 26 April)
Co-presented by The Asia Society Hong Kong Center (ASHK) and The Hong Kong Art Gallery Association (HKAGA), the Sculpture Exhibition features 21 artworks from 18 local and international galleries around the historic premise of ASHK.
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Art Power HK
In this May, ART Power HK, a non-commercial and globally accessible online platform, will host a series of exhibitions, events and activities that showcase the arts in Hong Kong are open, active and resilient. The campaign will kick off with a series of weekly online art talks.
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Courtesy: West Kowloon Cultural District |
Freespace Mixtapes Vol. 1 and 2 (available online now)
Featuring original tracks by artists brought together at Freespace Happening, West Kowloon Cultural District, the Freespace Mixtape compilations offer a range of cross-genre sounds – from jazz to indie rock, electronic to contemporary. Available now on major online music-streaming platforms.
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MMCA Art Bank Collection (now until 2 May)
On show at the Korean Cultural Center in Hong Kong, MMCA Art Bank Collection exhibition consists of 34 major art pieces, including the masterpieces of the Dansaekhwa, in the collection of the National Museum of Modern and Contemporary Art, Korea (MMCA).
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NEWS UPDATES
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Retail Sector Subsidy Scheme
The Government launches the Retail Sector Subsidy Scheme under the Anti-epidemic Fund. Each eligible retail store will receive a one-off subsidy of $80,000. Online application is open until 12 April.
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Extensive Business Support Measures
In his 2020-21 Budget announced on 26 February 2020, the Financial Secretary of the HKSAR Government Paul Chan offered a wide range of measures to strengthen Hong Kong’s pillar industries, while identifying new growth engines among emerging sectors:
- Earmarking $3 billion for Phase 2 of the Hong Kong Science Park Expansion Programme
- Exploring the development of a third InnoHK research cluster, one focusing on healthcare technologies and the other on artificial intelligence and robotics technologies
- More than $700 million is earmarked for the Hong Kong Tourism Board to expand promotion and revive the industry once the epidemic is over
- $150 million will be granted to the Hong Kong Trade Development Council to support its promotional activities and assist Hong Kong enterprises in exploring new market opportunities
In addition, various relief measures have been proposed to support Hong Kong enterprises including the introduction of a concessionary, low-interest loan under the SME Financing Guarantee Scheme, under which a 100 percent guarantee will be provided by the Government. A maximum loan of $2 million, with a repayment period up to three years, will be offered to eligible enterprises.
The 2020-21 Budget
Fact Sheet – Business Support Measures amid Economic Challenges
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Enhanced Measures to Support Hong Kong Film Industry
An array of new and enhanced measures will be implemented through the Film Development Fund (FDF) to support the Hong Kong film industry’s development:
- Launching a new subsidy scheme under which the Film Development Council will proactively invite veteran directors to partner with young directors to co-produce 10 to 12 films with an earmarked funding of around $100 million. Each film will be granted a subsidy of around $9 million;
- Launching a new Scriptwriting Incubation Programme: With earmarked funding of $10 million, the programme will be held in the form of a competition and professional mentoring will also be provided;
- Implementing an enhancement for the Film Production Financing Scheme by raising the maximum government financing amount to $9 million; and
- Implementing an enhancement for the First Feature Film Initiative by increasing the maximum number of winning teams to six and raising the production budget for the Professional Group to $8 million.
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World Justice Project Reaffirms Hong Kong's Position in the Rule of Law Index
Hong Kong maintains its ranking as No. 5 in the East Asia and Pacific region and No. 16 globally in the Rule of Law Index 2020 released by the World Justice Project. The overall crime situation in Hong Kong had been on a downward trend for 12 consecutive years.
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Digital Entertainment Industry Fresh Graduate Support Scheme 2020 is Calling for Application
The 4th Hong Kong Digital Entertainment Industry Fresh Graduate Support Scheme provides one-year full-time employment cum on-the-job training in local digital entertainment companies. The scheme will offer eligible digital entertainment company with a monthly subsidy of HK$6,000 (up to 12 months) for every graduate employed under the scheme. Interested companies should submit their applications via the official portal by 30 April 2020.
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Government Launches Enhanced Technology Talent Admission Scheme (TechTAS)
TechTAS provides a fast track arrangement for admitting overseas and Mainland technology talent to undertake R&D work in Hong Kong. On 31 January 2020, the Government enhanced the coverage of this scheme to include six new technology areas: 5G communications, digital entertainment, green technology, integrated circuit design, the Internet of Things and microelectronics, and its coverage is extended to all companies conducting R&D activities in 13 technology areas in Hong Kong.
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Launch of SME Reachout
Located at the Hong Kong Productivity Council, SME One assists local SMEs to enhance competitiveness and upgrade their business by providing one-stop support and comprehensive information in relations to various government funding schemes and support programmes. A dedicated service team entitled “SME ReachOut” has commenced operation to support SMEs through face-to-face meetings to help identify funding schemes that suit SMEs, while answering questions relating to applications.
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Government to Switch Off Analogue Television Services at End-November 2020
The formal switching off of analogue TV services will begin on 30 November 2020, meaning that Hong Kong will enter into an era of full digital TV broadcast from 1 December 2020. Upon full digital TV broadcast, five analogue channels operated by the four free TV broadcasters will be switched off.
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NEW COMPANIES IN TOWN
Collectionstock
An exclusive online design studio offering a wide range of pattern design services with an online library selection of over 16,000 design patterns which can be applied to any product. Used by retailers, brands and manufacturers, customers can instantly create new product images through the sophisticated product simulator and request customised designs with full copyright.
https://www.collectionstock.com
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Forkast.News
Forkast.News is a digital media platform aiming to bridge the gap between the blockchain industry and the mainstream professional audience. Based in Asia, Forkast.News reaches a global audience and is a resource for professionals who seek greater understanding in emerging technology that will shape the future.
http://forkast.news
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Medallia Limited
Medallia is one of the pioneers and market leaders in experience management. Its award-winning SaaS platform, the Medallia Experience Cloud, leads the market in the understanding and management of experience for customers, employees and citizens.
https://www.medallia.com
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PSKONNECTS
PSKonnects is a well-connected Hong Kong based creative services media company serving local and international brands in achieving their business objectives. PSKonnects has delivered effective results for a wide variety of clients ranging from luxury lifestyle boutique media publishers, luxury retail, FMCG and charity organisations through media sales, business development, strategic partnerships, audience relevant content, project management, magazine relaunches, research and overall business management.
https://pskconnects.com
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Within International
Within International creates world-class communications for global business leaders. Inventing in design and grounding their work on sharp thinking, while crafting an elegant client experience, its business operates across a variety of sectors that include law, property and construction, aviation, energy, finance, technology and telecoms.
https://withininternational.com
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Zebra Projects
Being one of the market leaders in retail and hospitality design which delivers retail and restaurant concepts on a global scale, Zebra ensures that each brand is not only internationally recognisable but has a sense of place and relates to its target customer through a combination of creativity, a total immersion into its client’s vision and a deep understanding of different global cultures.
https://www.zbr.co.uk
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UPCOMING HK EVENTS
Cyberport Virtual Career Fair 2020
3 – 4 April
Cyberport
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Le French May
Various venues
May – June
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China Conference: Hong Kong
14 – 15 May
Virtual impact conference
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Designing Buildings for a Zero Waste Hong Kong
26 May
BEC Auditorium, Business Environment Council
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Hong Kong M&A Forum
23 June
The St. Regis Hong Kong
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ReThink 2020
23 – 24 June
K11 Atelier King’s Road,
Hong Kong
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CONTACT US
If you'd like to know more about how InvestHK's Creative Industries team can help you setting up or expanding your business in Hong Kong, please get in touch.
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