團結香港基金 Our Hong Kong Foundation’s Post

團結香港基金 Our Hong Kong Foundation (OHKF) released a policy advocacy report titled "Breaking Boundaries to Develop Hong Kong into a Mega Sports Events Capital" on 30 September. With Hong Kong athletes breaking records on the international stage, increasing attention has been put on sports development in Hong Kong. With the imminent opening of the Kai Tak Sports Park and the joint hosting of the 15th National Games by Guangdong, Hong Kong and Macau, Hong Kong should capitalise on the momentum and propel the development of the sports industry through sports events. Professor Herman Hu, Vice-President of the Sports Federation & Olympic Committee Of Hong Kong, China, referred to the early 2000s, when there were already 3 strategies: promoting Hong Kong as a centre for major international sports events, supporting elite sports, and promoting sports in the community. According to him, even then, the community was already aware that mega events had a significant and beneficial impact not only on the sports sector but also on Hong Kong's economy. Full Report: https://bit.ly/3zEEICS

Global Sports brands have their eyes on the Chinese Sports Market. 👁 And officials in Macau are ready to do business. They see the Sports sector as a key driver to expand its economy. China is home to a huge number of sports fans and a strategically important market for growth. That’s why global sports brands are setting their sights on the Chinese market as consumer demand in the sector is accelerating after a period of flat growth during the pandemic. China’s sports market is expected to grow 5.2% annually in the next three to five years, reaching $695 billion by 2035. 🚀 A series of favorable policy measures have stimulated growth; a trend that is beginning to catch the eyes of overseas sports investors. Entities including the likes of the NBA and Premier League are primed to deliver some exciting partnerships across the region. Whatever happens next, it seems Macau is positioning itself as the gateway to the Chinese market for global sports brands. ---------------- 📌Try my free sports newsletter You’ll get the latest sports business news, industry updates and careers in sport information! Link in the comments 👇 #sportsbusiness #china #economics

Is Cannes Lions useless, or is Chinese creativity running out of steam? The 2024 Cannes Lions International Festival of Creativity has come to an end, and this time the voice from China seems to be even "weaker". This year's Lions Awards for China were one silver and three bronze. In addition, there was only one speech from China at the festival, no Chinese brands or companies landed in Cannes, only 6 judges from China participated in the final judging of the Lions, and the official statistics of the number of registered participants from China was the lowest ever. As we all know, 2024 is the 60th anniversary of the establishment of diplomatic relations between China and France, and also the year of the Olympic Games in Paris, under the double buff superimposed, this year's Cannes Lions International Festival of Creativity failed to ride on the wind of the wave of Chinese brands going to the sea, is Cannes losing its charm? Read the article here: https://lnkd.in/g_4pxknV

#China #Media and #Entertainment Weekly News Bulletin – ISSUE 7 Week of 15 July 2024 1. Lack of Transparency and Consumer Rights in Online Concert Ticket Refunds Despite Regulations - Online Concert ticket sales remain problematic despite the regulations issued by the Ministry of #Culture and #Tourism and the Ministry of Public Security.   2. #Xiaohongshu’s Phenomenal Growth Attracts Investors - Chinese platform Xiaohongshu sells shares worth US$17 billion, showcasing impressive growth with millions of users and profitable operations but its #IPO plans remain uncertain.   3. Successor Emerges as Summer Box Office Champion - Film Successor exceeds 350 million yuan in Chinese box office within two days.   4. Producers of Twilight of the Warriors: Walled InDiscussed Challenges in the Hong Kong Movie Industry - The producers discuss the challenges faced by Hong Kong #filmmakers, including production risks, investments from mainland China, and the closure of the STAR #Chinese #Movies channel.   5. Mega Event Boosts Local Economy - The successful Doraemon exhibition at Victoria Dockside boosts sales at K11 MUSEA, aligning with the local government's plans to stimulate the #economy through hosting Mega Events.   6. Hong Kong Book Fair 2024: Uniting the Worlds of Film and Literature - This year’s #HongKong #Book #Fair draws visitors with #film and #literature exhibits.   7. A major esports tournament is coming to #Macao - Teamfight Tactics heads to Macao for its second live competition, featuring 512 competitors competing for prizes and titles.   8. Khalil Fong Returns to the #Music Scene with his Latest Album - Khalil Fong announces his comeback with the upcoming album The Dreamer, set to be released in October 2024.   9. #CocoLee’s New Single – Always On My Mind - CoCo’s 30th-anniversary album features unreleased songs produced by her, starting in 2016. Learn more about the news here: https://lnkd.in/g_F3U4vc

In the years following, many multinational companies expanded their presence in China.Foreign direct investment in China grew from $100 billion in 2008 to $126 billion in 2015.But the true genius was in the ROI.The $100M spent on the ceremony was just 0.23% of the total $44 billion Olympics budget.Yet it generated an estimated billions in tourism revenue & investment for Beijing. This how Sports events make money and how it helps host nation(part2)

Event in March 2026. Not much of time to stretch the bandwidth. With the spiralling cost, it has made it a poison chalice to frighten off the Aussie states + Malaysia from kee chiu to host even though there's a 100m pounds carrot being dangled to help the host nation to partial off-set the cost (in layman's terms) Even the future editions (read somewhere it's for 2030 edition), Canadian cities are also distancing themselves from the money burning exercise of what is essentially a scaled down sports meet (no football etc) Personally I think the hosting money / cost could be better spent on other critical items on SG's bucket list (rmb the budget burst of the YOG 2010 edition) vs the other side of the divide where Singapore can host big events well, rara the country to be more sporty / ActiveSG etc..which may not immediately yield tangible results until years later *update - SG has, afterall, not going to bid to step-in as replacement host for the C'wealth Games 2026.

2024 is the year of the big bang in sports. Excited about the Paris 2024 Olympics and the EURO 2024 Germany? Look forward to the imminent opening of Hong Kong’s Kai Tak Sports Park and HK's pathbreaking role in hosting 8 events in the National Games the following year? Dive into our comprehensive short course (CEF fund reimbursable) to gain the upper hand in the economic dynamics behind these mega-events and their impact on the sports industry. Key areas to cover: 🔹 Markets of superstars and cross-field celebrities driving the excitement around these events. 🔹 Key revenue models and financing strategies utilized by organizers and sponsors. 🔹 Bidding wars in sports talents and the use of data science. 🔹 Global sports trends, including sustainability, digitalization, and social impact. Whether you're eyeing opportunities in sports event management or seeking to capitalize on the surge in sports investments, this course will bring you up to speed about the unique challenges and opportunities presented by sports business. Enroll now to stay ahead of the game: https://lnkd.in/gBYMKTbz Teresa Wong, HKU SPACE, #SportsBusiness #GlobalTrends #Paris2024 #London2024 🌍⚽📈

Singapore is taking a decisive leap forward with its $165 million Major Sports Event Fund, setting the stage to enhance its allure as a prime destination for premier events in sports entertainment. This strategic fund will empower the nation to host an expanding array of world-class sports competitions, propelling the island city-state onto the global stage. Beyond boosting Singapore's economic and global standing, the fund promises to infuse local communities with the spirit of international sportsmanship and strengthen the island's cultural dynamism. Asia's thriving sports sector is nurturing a robust ecosystem—linking heritage with innovation and creating synergies across the globe. Singapore's fund invites entrepreneurs, innovators, and fans to be part of a transformative journey, setting new benchmarks for the global sports industry. #Singapore #SportsFund #SportsInnovation

Thank you, Singapore Indoor Stadium. In 1993, my partner and I had a small little dream. We wanted to invite world-class gurus to transfer their technology and expertise to our people at an affordable price. In doing so, we could improve livelihoods, lifestyles, and strengthen the country and economy. The first speaker we invited was Mr. Tom Hopkins. Unfortunately, his fee and out-of-pocket expenses were way beyond our budget and, in fact, were more than our annual profit. Fortunately, our dream was much greater than our fear, and our grit was stronger than the challenges. Long story short, we became the first company to book the Indoor Stadium to tap into the economy of scale and run our seminar, bringing in a total of eight international experts that year. We are also arguably the only company that has run a series of seminars at the same venue for years, featuring renowned speakers including President Bill Clinton, Tony Blair, Anthony Robbins, and Robert Kiyosaki. Since the first seminar, we have organized similar events internationally at various stadiums. Yours truly had a chance to speak at a football stadium for an audience of more than 50,000 participants. Looking back, life has taught us that when you have an electrifying dream, many people will rally behind you to help you turn your dream into reality. The more you focus on your dreams, the less formidable the challenges become. The person who usually wins is the one who never gives up trying. Some of the saddest words that I have ever heard or read are, "I could have done something about my dream." https://lnkd.in/gqrDg_Jf

🥇 🎢 The Summer Olympics are not just about sports—they're a financial rollercoaster! Here are some surprising facts: ◼️ Sky-High Costs: Hosting the Olympics can break the bank. Rio 2016 was projected at $2.8B but ended up costing over $13B. Montreal 1976 took 30 years to pay off its debt! ◼️ Mixed Economic Impact: While Barcelona 1992 thrived, Athens 2004 still struggles with financial burdens. ◼️ Infrastructure Investments: New venues can become "white elephants," but some investments, like transportation, benefit locals long-term. ◼️ Big Bucks from Sponsorship: The IOC rakes in revenue from sponsors and broadcasters. NBC paid $1.23B for Rio 2016 U.S. broadcasting rights, and major sponsors include Coca-Cola and Visa. ◼️ Ticket Sales & Tourism: London 2012 sold 8.2M tickets, generating $1B. However, the tourist influx can strain local resources. ◼️ Economic Displacement: The Beijing 2008 and Rio 2016 Games led to resident evictions for venue construction. ◼️ Legacy Planning: Cities like London 2012 and Sydney 2000 successfully repurposed venues for community use and housing. ◼️ Massive Security Costs: Athens 2004 spent $1.5B on security, including post-9/11 cybersecurity measures. The financial side of the Olympics is as intense as the competitions! 🏟️🌍 #Olympics #Finance #SummerGames #EconomicImpact #Sponsorship #LegacyPlanning