Hong Kong aims for share of HK$350 billion yacht industry as travel scheme launches

Hong Kong can capture a share of the global yacht industry, which is expected to reach HK$350 billion (US$44.6 billion) in six years, a senior official has said as the city launched the Southbound Yacht Travel Scheme, with the transport minister announcing new measures to attract overseas captains. The scheme is part of the government’s broader plan to develop Hong Kong’s yacht economy, as outlined in the city’s first five-year plan and the latest policy address. Under the scheme, mainland...