With Showcase Ditched, Ailing Booksellers Seek Help

"); jQuery("#212 h3").html("

Related News Programmes

"); jQuery(document).ready(function() { jwplayer.key='EKOtdBrvhiKxeOU807UIF56TaHWapYjKnFiG7ipl3gw='; var playerInstance = jwplayer("jquery_jwplayer_1"); playerInstance.setup({ file: "https://newsstatic.rthk.hk/audios/mfile_1561613_1_20201124133057.mp3", skin: { url: location.href.split('/', 4).join('/') + '/jwplayer/skin/rthk/five.css', name: 'five' }, hlshtml: true, width: "100%", height: 30, wmode: 'transparent', primary: navigator.userAgent.indexOf("Trident")>-1 ? "flash" : "html5", events: { onPlay: function(event) { dcsMultiTrack('DCS.dcsuri', 'https://news.rthk.hk/rthk/en/component/k2/1561613-20201124.mp3', 'WT.ti', ' Audio at newsfeed', 'WT.cg_n', '#rthknews', 'WT.cg_s', 'Multimedia','WT.es','https://news.rthk.hk/rthk/en/component/k2/1561613-20201124.htm', 'DCS.dcsqry', '' ); } } }); }); });

2020-11-24 HKT 14:38

Share this story

facebook

  • A concern group says exhibitors have lost a major source of revenue without the book fair this year. File photo: RTHK

    A concern group says exhibitors have lost a major source of revenue without the book fair this year. File photo: RTHK

Leslie Ng speaks to Joanne Wong

Publishers and exhibitors have called for further financial assistance from the government to help make up for their losses because of the cancellation of this year's book fair.

The Trade Development Council (TDC), which organises the annual event, first postponed the July showcase to December, and then announced on Monday that it will be cancelled, because of the Covid-19 pandemic.

A spokesman for the 2020 Hong Kong Book Fair Concern Group, Leslie Ng, said alternative plans by the TDC to launch an online book fair won't help much.

Ng said many publishers have tried to sell their books online since July, but it didn't work.

"In Hong Kong, still people want to go to the exhibition to physically buy the books rather than online," he said, pointing out that the annual fair at the Convention and Exhibition Centre helped generate a big part of the revenue for a majority of publishers in the past.

Ng also the trade has been going through a tough spell, with more than 10 publishers folded since July.

"Most of us haven't got any revenue for the past half year," he said.

The government earlier proposed subsidies of up to HK$100,000 to each book fair exhibitor under a HK$40 million package.

Ng also pointed out that many of those planning to take part in the book fair voiced support for the decision to cancel the December event, saying it’s too risky to press ahead with it given the latest coronavirus outbreak.

He said exhibitors had already voted against continuing with the event before its cancellation. "We had some small voting inside our group to decide whether we want to proceed or not... In fact, 80 percent of us wanted to stop it because the situation was too serious and we don't think that it should be held in December," said Ng.

RECENT NEWS

Ant Internationals Ant Bank And Bettr Selected For Hong Kongs GenAI Sandbox++

Digital bank Ant Bank and embedded financial solutions provider Bettr have been selected to participate in Hong Kong’... Read more

Visa And BOCHK Tapped For Hong Kong AI Sandbox To Test Agent-Initiated Commerce

Visa has announced that it is partnering with Bank of China (Hong Kong) (BOCHK) in the GenA.I. Sandbox++. With the Visa... Read more

Hong Kong Regulators Pick 36 Agentic AI Use Cases For GenA.I. Sandbox++

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more

Finloop And Yunfeng Financial Become Latest Anchorpoint Authorised Distributors

Finloop and Yunfeng Financial have joined Anchorpoint’s HKDAP stablecoin beta access programme as authorised distribu... Read more

Standard Chartered Becomes First Bank To Distribute HKDAP Stablecoin

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dolla... Read more

Lianlian DigiTech Profit Doubles In H12026, Agent Wallet Pushes To Address Payment Needs

Lianlian DigiTech Co., Ltd, a payment service provider headquartered in China, reported its interim results for the fir... Read more