Govt Support For Book Fair Exhibitors

The Government today said it will allocate $10 million under the Anti-epidemic Fund to provide a one-off $15,000 financial assistance to each local exhibitor registered with the Hong Kong Book Fair 2020.

 

The event, originally scheduled for July last year, was deferred twice due to COVID-19.

 

The Commerce & Economic Development Bureau said the annual book fair is the main sales and promotional platform for the local publishing and printing sector. The Book Fair 2020 being deferred twice has seriously affected the exhibitors.

 

The financial aid could help them explore online sales and other sales channels before the book fair’s next edition, thereby helping tide the trade over this challenging time, the bureau added.

 

Around 610 eligible local exhibitors except government departments will benefit from the measure.

 

Book fair organiser the Trade Development Council, will soon follow up with the exhibitors concerned on the disbursement arrangements. The majority of payments are expected to be made in May.

 

Subject to the epidemic’s development, the next edition of the book fair is tentatively scheduled for this July.

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