London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024
The Hong Kong Economic and Trade Office, London (London ETO) and Invest Hong Kong (InvestHK) sponsored the pre-show VIP reception of PropTech Connect 2024 in London, the United Kingdom, on September 3 (London time) to promote business opportunities in Hong Kong.
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London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
Giving his welcome remarks, the Director-General of the London ETO, Mr Gilford Law, pointed out the growth potential of proptech in Hong Kong with its sophisticated real estate sector and its strategic location in Asia-Pacific, which is expected to be the fastest growing area in the proptech market by 2030. He also promoted the various business advantages of Hong Kong including its position as one of the world's freest economies, a low tax regime, excellent infrastructure, a business-friendly environment, and its connection with Mainland China.
Highlighting Hong Kong's thriving innovation and technology ecosystem supported by different measures rolled out by the Government, Mr Law said, "Two years ago, we launched the InnoHK initiative to set up two research clusters with one of them focusing on artificial intelligence and robotics, which is already contributing to our contech ecosystem. In July, we rolled out the patent box tax incentive, offering tax concessions for qualifying intellectual property income. At the same time, Hong Kong has a world-leading dynamic start-up environment, supported by a strong network of incubators, accelerators, angels and venture capital funds."
The Head of Business and Talent Attraction/Investment Promotion of InvestHK London Office, Ms Daisy Ip, also spoke at the reception, highlighting the business opportunities presented in Hong Kong by the city's sustainability goals and the development of the Northern Metropolis project. Ms Ip said, "Whether you are an investor, a start-up, or an established business, there is a role for you to play in shaping the future of the proptech industry in Hong Kong."
Over 130 participants, mostly top executives, from the property, innovation and technology, and business sectors joined the reception.
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
London ETO and InvestHK promote Hong Kong business opportunities at PropTech Connect 2024 Source: HKSAR Government Press Releases
Interdepartmental working group on festival arrangements summarises visitor arrivals to Hong Kong during National Day Golden Week
The seven-day National Day Golden Week of the Mainland ended yesterday (October 7), with the overall number of inbound visitors aligning with earlier estimates. The number recorded on National Day (October 1) reached a daily record high since the post-pandemic full opening of the borders.
During the seven-day National Day Golden Week, the Immigration Department recorded a total of around 1.38 million visitors coming to Hong Kong through various sea, land and air control points. Among them, Mainland visitors accounted for about 1.22 million, representing 88 per cent of the total arrivals. The daily average of Mainland visitors was around 170 000, which exceeded that of the 2023 National Day Golden Week and the 2024 Labour Day Golden Week around 27 per cent and some 13 per cent respectively.
Mainland inbound visitor arrivals peaked on National Day with around 220 000 visitors arriving in Hong Kong, marking a daily record high since the post-pandemic opening of the borders and setting a corresponding record for the overall number of visitors to Hong Kong in a single day. During the National Day Golden Week, the Lok Ma Chau Spur Line and the Express Rail Link West Kowloon were the two ports with the highest daily average number of Mainland visitors, and operations at various control points and transport services ran smoothly.
Regarding large-scale events, the National Day Fireworks Display over Victoria Harbour on October 1 attracted over 330 000 spectators. The event concluded with effective crowd control arrangements and was well-received by local residents and tourists.
Visitors went to different parts of Hong Kong during the National Day Golden Week, with high visitor flow observed at major tourist attractions including the West Kowloon Cultural District, Ocean Park, Hong Kong Disneyland, the Peak Tram and Ngong Ping 360. Smooth and effective crowd management measures were implemented. In addition, according to the information provided by the hotel industry, the overall hotel occupancy rate during the first four days of the Golden Week (October 1 to 4) reached 90 per cent.
In terms of tour groups, according to the Travel Industry Authority's information, around 1 050 Mainland inbound tour groups visited Hong Kong during the National Day Golden Week, with around 80 per cent engaged in overnight itineraries. These tour groups involved around 36 000 visitors, accounting for around 3 per cent of all Mainland visitors, and they were generally in good order.
The interdepartmental working group on festival arrangements, led by the Chief Secretary for Administration, Mr Chan Kwok-ki, is pleased to note that the rich array of National Day special offers from the Government and various sectors of society were well-received by the public. Among them, the 1st October Movie Fiesta: Half-Price Spectacular 2024 organised by the Hong Kong Theatres Association and subsidised by the Government took place in 59 commercial theatres across Hong Kong. On the day of the event, there were nearly 2 000 screenings, with cumulative admissions reaching 189 000, breaking last year's record of 155 000 and representing an increase of 22 per cent. Free admission was offered to museums and art spaces under the Leisure and Cultural Services Department on October 1, attracting nearly 60 000 attendees. Among them, there were more than 11 000 visitors to the Hong Kong Space Museum, setting a record for single-day attendance.
In addition, several public transportation services provided free rides or discounts during National Day, benefitting a total of approximately 4.43 million passengers. Different sectors such as catering and retail actively launched special offers to attract spending from both locals and visitors, contributing to a festive atmosphere throughout the city. Various trade representatives and merchants reported increased customer flow and business during National Day.
The embarkation and disembarkation arrangements for two homeport deployments of a mega cruise ship at Kai Tak Cruise Terminal (KTCT) during the National Day Golden Week of the Mainland were smooth, with various transport services arranged to adequately meet visitor needs. Notably, direct coach services connecting the Heung Yuen Wai Boundary Control Point and KTCT were arranged by the Hong Kong Tourism Board in collaboration with a local coach operator to provide facilitation for a total of 3 500 Mainland visitors.
Mr Chan said, "Thanks to the concerted efforts of relevant government departments, organisations and industries in making preparations and responses, this year's arrangements for receiving visitors during the National Day Golden Week operated smoothly, enabling both locals and visitors to celebrate National Day together. The Government will draw on this experience and further enhance various arrangements in future to provide an even better experience for visitors to Hong Kong during festive periods."