Hong Kong Business News




Create Hong Kong (CreateHK) of the Culture, Sports & Tourism Bureau has been restructured as the Cultural & Creative Industries Development Agency (CCIDA) starting today.

The bureau made the announcement today and explained that the goal of restructuring is to proactively promote the development of arts, culture and creative sectors as industries under the industry-oriented principle of implementing Hong Kong's positioning as an East-meets-West centre for international cultural exchange under the National 14th Five-Year Plan.

Secretary for Culture, Sports & Tourism Kevin Yeung said that the CCIDA will set up new dedicated teams to proactively identify external opportunities for relevant industries and lead them to arrange delegations to various showcases worldwide to export Hong Kong's cultural and creative industries, foster business opportunities and enhance Hong Kong's international status.

“It will continue to identify suitable and promising projects in relevant sectors to promote the application of cross-sectoral and cross-genre content, and strengthen the support for the industries to enable their content distribution.”

The CCIDA will further facilitate the creation and production of cultural intellectual property (IP), enable cultural IP transactions, and explore business and commercialisation opportunities to enhance economic benefits, Mr Yeung added.

While the bureau pointed out that CreateHK was set up in 2009 as an office dedicated to promoting the development of creative industries in Hong Kong, Mr Yeung emphasised that the restructuring decision was announced in 2023 Policy Address.

After the restructuring, the CCIDA will provide one-stop services and support to cultural and creative industries with a mission to foster a conducive environment in Hong Kong to facilitate the development of arts, culture and creative sectors as industries.


Latest Business News


Institutional green bonds issued  18-7-2024


The Government today announced the successful offering of approximately HK$25 billion worth of green bon...

Housing sale permitted in cultural hub  17-7-2024


The Chief Executive-in-Council yesterday conditionally approved the relaxation of the Enhanced Financial Arrangements for...

Stablecoin views released  17-7-2024


The Financial Services & the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) today jointly issued ...

Tapping ASEAN business potential  16-7-2024


Chief Executive John Lee will lead a delegation to visit Laos, Cambodia, and Vietnam later this month to promote Hong Kon...