Hong Kong Arts Festival-an international art event rooted in Hong Kong The Hong Kong Arts Festival officially opened in 1973. It is an important cultural event in the international art scene. It presents performances by many outstanding local and inter
The Hong Kong Arts Festival is a non-profit organization. The Hong Kong Special Administrative Region Government’s basic funding accounted for about 12% of the total revenue for the 2019/2020 fiscal year.
About 5% came from the government’s additional five-year funding in 2018/19, and another nearly 23%. It needs to come from box office revenue, and nearly 40% of it needs to rely on sponsorships and donations from major companies, enthusiasts and charitable foundations.
It is estimated that the remaining 20% will come from other income, including matching funds provided by the government for donations and sponsorship income.