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Hong Kong Government Press Releases (info.gov.hk)·HK·

LCQ8: Operation and future development of PMQ

Following is a question by the Hon Kenneth Fok and a written reply by the Secretary for Culture, Sports and Tourism, Miss Rosanna Law, in the Legislative Council today (November 4): Question: Since commencing operation in 2014 as a non-profit-making social enterprise, PMQ has shouldered the dual functions of promoting the conservation of historic buildings and the development of cultural and creative industries. However, some tenants have reflected that the low visitor flow at PMQ in recent years has resulted in relatively high unit turnover and vacancy rates. As the operation contract, which has a maximum term of 15 years, is due to expire in 2029, the community has expressed concerns about its operational effectiveness and long-term development upon contract expiry, as well as the need to better align with the positioning of Hong Kong as an East-meets-West centre for international cultural exchange as set out in the National 15th Five-Year Plan, and the objective of increasing the value added of the arts, culture and creative industries put forward in the First Five-Year Plan for Economic and Social Development of the Hong Kong Special Administrative Region (2026-2030). In this c

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