Hong Kong aims for share of HK$350 billion yacht industry as travel scheme launches

AI Summary

Hong Kong is seeking to attract a share of the global yacht industry, projected to reach HK$350 billion within six years. The city has launched the Southbound Yacht Travel Scheme and announced measures to attract overseas captains as part of a broader plan to grow its yacht economy.

Hong Kong can capture a share of the global yacht industry, which is expected to reach HK$350 billion (US$44.6 billion) in six years, a senior official has said as the city launched the Southbound Yacht Travel Scheme, with the transport minister announcing new measures to attract overseas captains. The scheme is part of the government’s broader plan to develop Hong Kong’s yacht economy, as outlined in the city’s first five-year plan and the latest policy address. Under the scheme, mainland...