'Palace Museum Can't Charge Mainlanders More'
"); jQuery("#212 h3").html("

"); });
2021-05-03 HKT 22:46
The head of the West Kowloon Cultural District Authority, Henry Tang, said on Monday that the authority would be "scolded by 1.4 billion compatriots" if it were to charge tourists more than locals to visit the SAR's new Palace Museum.
DAB lawmaker Lau Kwok-fan, who chairs a Legco subcommittee on the arts hub, earlier floated the idea of concessions for locals and higher charges for non-local visitors at the M+ visual arts museum and the Palace Museum.
Tang said the idea, although feasible with M+, would not work at the Palace Museum when it opens in mid-2022 – as all of its exhibits are being loaned from Beijing's Palace Museum.
"If we are charging them a higher price, then the 1.4 billion mainland compatriots will be angry at us, because they are lending their exhibits to us but we are charging them a higher price," Tang said.
Tang said the authority would roll out a series of promotions after the pandemic to attract visitors from around the world, saying its cash flow needs improving.
He said although the authority had operating expenses of only HK$900 million in the past financial year – one-third less than expected – it has yet to roll out a project that actually earns money for the authority.
The long-delayed M+ is expected to open later this year, with the Palace Museum slated for opening around the middle of next year.
Vietnam And South Korea Launch Cross-Border QR Payments
Vietnam and South Korea have launched cross-border QR payments that allow Korean users to pay merchants in Vietnam thro... Read more
WeChat Pay Integrates With Local QR Networks In 5 Asian Countries
WeChat Pay has integrated its service with national QR code networks in five Asian countries, simplifying cross-border ... Read more
Global Transition Finance Ecosystem Gains Momentum
The global transition finance ecosystem is gaining momentum. According to new research by the Hong Kong Institute for M... Read more
Banking Circle Taps PayGate To Ease KRW Cross-Border Payments Into South Korea
Global payments bank Banking Circle will now handle cross-border transactions and settlement flows for South Korean pay... Read more
Equinix AI Discovery Hub Opens In Hong Kong For Enterprise AI
Digital infrastructure company Equinix is partnering with Hewlett Packard Enterprise (HPE) to launch the Equinix AI Dis... Read more
Tencent, Alibaba Eye DeepSeek Stake As AI Startup Tops US$20B Valuation
Chinese tech giants Tencent and Alibaba are in discussions to invest in AI startup DeepSeek, The Information reported, ... Read more
