According to official data, the value added for cultural and creative industries in 2021 reached HK$124.8 billion ($16 billion), representing 4.5 percent of Hong Kong's gross domestic product. More than 225,000 people were employed in these industries that year, contributing to 6.2 percent of the city's total workforce.
With the support of the nation's 14th Five-Year Plan (2021-25), the SAR government has been ramping up efforts to cement the city's role as an "East-meets-West center for international cultural exchange".
Over the past few years, several significant arts and cultural establishments, such as M+ museum and Hong Kong Palace Museum in the West Kowloon Cultural District, have been launched, creating additional platforms for the arts sector to host a wide range of local and international arts and cultural events. These new facilities have expanded opportunities for artistic expression and engagement within the vibrant local arts scene.