The biennale towns
Two smaller places entered the circuit in the boom years. Anren, a heritage town on the western edge of the Chengdu plain, held biennales in 2017 and 2019 and a reported third in 2021; none has been announced since. Yinchuan, in Ningxia, held the Yinchuan Biennale in 2016 and 2018 at a museum that The Art Newspaper now describes as reduced to occasional exhibitions. Hangzhou has no biennale on this list, but its private museum By Art Matters is among those The Art Newspaper counted as still operating. The wider region is on the Asian biennales page.
Hong Kong: The Trading Floor, Under Its Own Law
Hong Kong is a special administrative region of China, and it is treated separately here because the art trade treats it separately. No tax or duty is charged on art there, against 14.13% on the mainland, and the auction houses have built accordingly. Christie’s opened a 50,000-square-foot Asian headquarters in The Henderson in September 2024, Sotheby’s opened its Maison that summer, Bonhams took space at Six Pacific Place, and Phillips has been in the West Kowloon Cultural District since 2023, Artnet News reported.
The fair is the annual proof. Art Basel Hong Kong ran from March 27 to 29, 2026, with previews on March 25 and 26, and drew 91,500 visitors, by the organizer’s count. It had 240 galleries from 41 countries and regions, according to ArtPro’s report on the exhibitor list. Reported sales included Liu Ye’s Snow White (2006) at $3.8 million at David Zwirner, The Standard reported, adding that Hong Kong has secured the role of the fair’s exclusive host in the region for five years. The evening sales that week at the three largest houses totaled $164.9 million, up about 18% on spring 2025, by USA Art News’s tally. The next fair is March 25 to 27, 2027.
The weak points are documented too. The Art Basel and UBS report found that Hong Kong’s market contracted in 2025 while mainland auctions recovered, in Asian Private Banker’s summary. Pace closed its gallery in the H Queen’s tower in October 2025, keeping an office in the city; The Art Newspaper’s report listed a sharp fall in spending by mainland collectors, political pressure from Beijing, and the global downturn among the reasons for the slowdown.
The public side has attendance and a deficit. The West Kowloon Cultural District counted more than 17 million visits in 2025, including over 2.6 million to M+ and about 1 million to the Hong Kong Palace Museum, with mainland and overseas visitors making up 60% to 70% of the two museums’ audiences, The Standard reported. The authority that runs the district lost HK$998 million (about $127 million) in the year to March 31, 2026, up from HK$769 million. “The deficit is still within control, below the HK$1 billion level,” its chief executive, Betty Fung, told the South China Morning Post. The HK$21.6 billion endowment the government provided in 2008 is expected to be used up in 2026 to 2027, and the authority’s plan is property: a first residential site is to be tendered in early 2027, according to The Standard. M+ and the Palace Museum together spent HK$951 million against income of HK$485 million in the same year, Ocula reported. Louis Ng, the Palace Museum’s founding director, retires in January 2027.
Then the law. Hong Kong’s national security law took effect in 2020, and the reported disputes over what it means for museums cluster at M+. Before the museum opened in 2021 it withdrew Ai Weiwei’s Study of Perspective: Tian’anmen (1997) from view, saying the decision was unrelated to the law, after pro-Beijing politicians said the work breached it. Three more paintings from the Uli Sigg collection, by Wang Xingwei, Zhou Tiehai, and Wang Guangyi, later came off the walls in what the West Kowloon authority called “a routine rehang of the collection,” adding that all its exhibitions comply with the law, ARTnews reported. Henry Tang, the authority’s chairman, said the authority would uphold freedom of artistic expression and added: “But artistic expression is not above the law.” The collector William Lim, a donor to the museum, had told ARTnews before the opening that some of the concern was overblown by Western media.
Outside the museum, the most recent documented case is from April 2025, when a billboard show organized by a Milan gallery during fair week was taken down within hours of Badiucao, a Chinese-Australian artist whom Artnet describes as a dissident, disclosing that his four-second clip showed him silently mouthing a political message. The gallery said that he had given it false information and that it had not taken the decision to end the show; the artist said that his contract said nothing about political content; who ordered the removal was not established, and no comment from the Hong Kong authorities is reported, Artnet News reported. No case from 2026 was found for this page. No 2026 Hong Kong censorship case found; absence of reports is not proof