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'Silver economy' panel set up

The Commerce & Economic Development Bureau today established the Advisory Panel on Silver Economy and convened its first meeting with the aim of initiating research on the development of Hong Kong’s growing elderly population as a consumer segment.    Chairing the panel, Secretary for Commerce & Economic Development Algernon Yau said the elderly demographic was emerging as an important part of the city’s economy.    He highlighted that many products and services designed to enhance the quality of life enjoyed by elderly residents are spurring growth and business opportunities.    Mr Yau added that promoting such products and services can help to foster the development of the so-called silver economy and unleash business potential in the elderly market, whilst also catering to the aspirations and needs of elderly people. He said this would be the advisory panel’s focus.     At today’s meeting, the panel endorsed its terms of reference, reviewed statistics relating to

Plans for Fringe Club accepted

The Government announced today that it has accepted Hong Kong Festival Fringe’s proposal to operate the Fringe Club premises at No. 2 Lower Albert Road, South Block, Central, for arts and culture use for three years from April 1, 2024.


According to the plan, it will continue to operate the Fringe Club and introduce a series of new programmes featuring arts tech, cross-genre showcases and Chinese culture at the premises.


It also plans to maintain the premises as an iconic arts and culture landmark in Central and Hong Kong to showcase the city’s role as an East-meets-West centre for international cultural exchange.


The Government announced in April that it would conduct an Invitation For Proposal exercise to identify the most suitable non-profit-making operator for the premises. It received six proposals by the October 20 deadline.


An assessment panel then assessed the proposals based on pre-determined assessment criteria.


The lease for the premises currently occupied by Festival Fringe will expire on March 31, 2024.

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