Measures to be announced in Wednesday’s policy address include boosting financing and insurance, and designating storage space at Airport City

Hong Kong’s leader aims to elevate the city into a “world-class high-end art trading hub” to rival New York under measures to be revealed in his fourth policy address next Wednesday, the Post has learned.

Efforts to strengthen the city’s multibillion-dollar art trading industry would include boosting services in financing, insurance and professional training, and designating maintenance and storage spaces in a cultural hub and near the airport, a government source said.

The move will align with the central government’s 14th five-year plan, which states that Hong Kong should become an East-meets-West centre for international cultural exchange and consolidate its leading position in the international art market.

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