Planned Hong Kong museum to showcase China's imperial relics
Beijing
IN a sign of growing cultural ties between mainland China and Hong Kong, officials in Hong Kong have announced plans to build a museum to serve as a permanent display space for objects from Beijing's Palace Museum, home to some of China's most treasured imperial artifacts.
Under the agreement, which was signed in Beijing on Friday by Chief Secretary for Administration Carrie Lam, Hong Kong's second-ranking official, and Shan Jixiang, director of the Palace Museum, what is being called the Hong Kong Palace Museum will be built as part of the West Kowloon Cultural District, a colossal government-backed cultural infrastructure project.
The museum, costing US$451 million and scheduled to be completed in 2022, will be managed by a subsidiary of the West Kowloon Cultural District Authority. Artefacts from the Palace Museum collection highlighting imperial life and cu…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US core capital goods orders rise moderately in March
Chinese tourists are again embracing international travel
Abu Dhabi raises US$5 billion with first eurobonds in three years
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
German business sentiment rises more than expected in April: Ifo
Indonesia’s central bank surprises with “pre-emptive” rate hike to cushion falling rupiah