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Why securing Hong Kong’s economic future is a cultural question

One-off events are not enough for a city in dire need of a cultural revival that nurtures its subcultures and lets future creators thrive

3-MIN READ3-MINCarolyn YimPublished: 9:30am, 12 Apr 2026Hong Kong is navigating a period of significant economic transition. The city is seeing a surge in family offices. It is an offshore renminbi hub and has one of the world’s most meaningful capital markets.However, it needs systemic change to attract and retain top talent, bring the Hong Kong diaspora back home and lure high-spending tourists. While our capital infrastructure is strong, our cultural infrastructure demands urgent attention.As outlined in China’s 15th five-year plan, the central government sees high-quality cultural activity as a potential driver of prosperity. Living up to that potential will require Hong Kong transforming from a city that hosts cultural events into one that consistently produces culture.AdvertisementThis means nurturing the city’s creators in subcultural fringes. In his book Status and Culture, W. David Marx argues that authentic culture is created in subcultural fringes before being co-opted by capital as mass culture.Patrick Kho, author of subculture newsletter The Chow, describes attending a recent surge of young, grass-roots cultural life: daytime discos in Prince Edward warehouses, indie zine fairs in the basement of Chungking Mansions, underground techno under a bridge in Kwun Tong and cybernetic art in Tai Ping Shan.

Read original at South China Morning Post

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