Ken Chu

Opinion | How Hong Kong can build a sports industry that’s profitable

The government’s promise to invest in sport could mean more future Olympians and historic wins for the city, but the sector will need to make money too

Hong Kong can’t rely on major league matches and sponsorship deals to generate profits, so it should play to its strengths in areas like sports tech and tourism

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Newly crowned world No 1 fencer Edgar Cheung seen at the Belgrade World Cup in April. Photo: FIE

Ken Chu

Published: 6:45am, 22 Jun 2022

There has been a flurry of great news for sport enthusiasts in Hong Kong. The city’s golden boy in fencing, Olympic gold medallist Edgar Cheung Ka-long, continued his winning streak to clinch gold in the Asian Championships, firmly establishing himself as the world’s No 1.

Following this was the exciting news that Hong Kong’s football team has qualified for next year’s Asian Cup finals after a 55-year hiatus.

At the Tokyo Olympic Games, our athletes proved they could hold their own in an international sporting arena against rivals from leading nations. They captured one gold, two silver and three bronze medals, the city’s best result.

These events are no accident. Over the past decade, the government has invested considerably in sports development by supporting elite athletes, promoting sports in the community and making the city a venue for major international sporting events.

Hong Kong’s football team ahead of their match against India on June 14. The team was already guaranteed a spot in the finals after the Philippines lost to Palestine. Photo: HKFA

Without a doubt, nurturing young talent to compete in – and win – major tournaments can be hugely rewarding for a country or city, helping to elevate its international image. Moreover, sport gives people a sense of togetherness, while encouraging healthy living. Yet there are also tangible economic benefits to promoting sport, notably via a thriving sports business industry.