58. We have seen a blossoming of local arts groups in recent years. Quite a number are emerging ones widely acclaimed for their high artistic attainments. This has not only enriched Hong Kong's cultural landscape by presenting the general public with more high quality performances and exhibitions, but also created more development opportunities for local artists and young people aspiring to pursue careers in the arts field.
59. I shall launch a $300 million Art Development Matching Grants Pilot Scheme, under which the amount of private donation and sponsorship secured by eligible local arts groups will be matched by grants. It will encourage different sectors of the community to sponsor local art and cultural activities, and help sustain the development of the cultural industry, jazzing up the cultural aura of the city.
60. These measures will offer a platform for Hong Kong people, the younger generation in particular, to actualise themselves and unleash their creativity. We should combine all these efforts to take our economy towards even greater diversity.
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