To enhance Hong Kong's international image, Chan said the government will earmark HK$100 million for attracting more mega events with significant visitor appeal and tourism promotional effect to be staged in Hong Kong.

The Hong Kong Tourism Board will also spend over HK$250 million to sustain its efforts in organizing or helping promote major tourism events, including the Hong Kong Pop Culture Festival to be held for the first time, the Hong Kong Wine and Dine Festival to be held in physical mode again for the first time since the epidemic, the Hong Kong International Dragon Boat Races, Hong Kong Cyclothon, Hong Kong Sevens and Arts Basel in Hong Kong.

Meanwhile, Chan said the Hong Kong Trade Development Council will hold more than 10 major conferences and exhibitions in the coming months, with these events expected to attract over 500,000 participants.

The government will continue to co-organize the annual Belt and Road Summit with the HKTDC to actively promote Hong Kong as a functional platform and a key link for the B&R Initiative.

The Government will further allocate funding of about HK$200 million to the Tourism Board for stepping up its efforts in securing the staging of more international meetings, incentive travels, conventions and exhibitions (MICE) of various scales and types in respect of finance, innovation and technology, medicine in Hong Kong, to attract high value-added visitors and consolidate Hong Kong's position as the premier MICE destination in the region.