Govt E-sports Effort Pays Off

Secretary for Innovation & Technology Nicholas Yang

Most Hong Kong folks thought e-sports was just playing video games, not realising that the e-sports industry drives and thrives on innovation and technology. Here in Hong Kong, we do have a world-class information and communication technology infrastructure, which is necessary for the e-sports industry. And we also have excellent experience and a track record in hosting large-scale international events. After asking Cyberport to conduct a study on the e-sports industry, confirming its scale and future potential, we wasted no time. We announced in the 2018-19 Budget Speech the allocation of $100 million for promoting the early stage development of the local e-sports industry, which includes the construction of a dedicated world-class e-sports competition venue at Cyberport. I am pleased to see the effort and resources put in by the Government and Cyberport bearing fruit, with the first official e-sports competition to be held at this great new venue this coming weekend.

 

Following the Government’s $100 million injection in 2018, Cyberport has swiftly set up the "e-sports Industry Facilitation Scheme" and the "e-sports Internship Scheme" to help the industry organise competitions and events and to provide funding support for interns. You should all be impressed by this e-sports venue, which is among the best in the region. It has state-of-the-art facilities - the sports arena which you are sitting in, advanced lighting and audio system, the ultra-high resolution screen behind me, together with the large outdoor screen at the podium. It also provides adjacent storage spaces for the convenience of competition and event organisers. I am confident that this venue will develop into a flagship e-sports and digital entertainment centre in Hong Kong.

 

As the theme of Digital Entertainment Leadership Forum 2019 suggests, a vibrant ecosystem is instrumental to the development of the e-sports industry. Over the past year, Cyberport has invited various key players and stakeholders to join the ecosystem, be they e-sports associations, game owners, e-sports venue operators, hardware and software companies, e-sports gadget manufacturers, gamers, live streaming companies and higher education institutions. Today, I am pleased to see that Cyberport will enter into more strategic partnerships with the Hong Kong e-sports Premier League, and Team Hong Kong enters the Robot Fighting Championship of World Cyber Games.

 

Promoting the development of e-sports will bring new opportunities for our young people. This was a key consideration of the Government to drive the development of the e-sports industry three years ago. It is still true today and for the foreseeable future, as e-sports presents many new alternative career paths for youth, from professional players, technical experts and consultants, game developers, directors, coaches, promoters and commentators, to startup entrepreneurs in this exciting Internet-driven economy.

 

I would like to congratulate Cyberport on its accomplishments, in providing a fertile breeding ground for Hong Kong’s very own e-sports industry. With continued efforts from all the stakeholders and most important of all, strong support from the community, I look forward to seeing a thriving e-sports industry, not just players and game developers, but also a wide range of I&T professionals in digital marketing and live streaming etc. in the years ahead.

 

Secretary for Innovation & Technology Nicholas Yang gave these remarks at the opening ceremony of the Digital Entertainment Leadership Forum 2019 on July 16.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more