The Major Sports Events Committee has awarded 'M' Mark status to the Hong Kong Sevens 2017 and the 2017 UCI Track Cycling World Championships.
The events will be held from April 7 to 9 and from April 12 to 16.
Committee Chairman Karl Kwok said the events will add colour and vibrancy to the city and attract more visitors.
"'M' Mark events showcase Hong Kong's capability to host world-class events and reinforce its position as the events capital of Asia," he said.
The 'M' Mark system began in 2004 to help local national sports associations organise more major sports events and nurture them into sustainable undertakings.
So far $104.3 million has been approved to support 'M' Mark events which have increased from four per year in 2004 to 12 this year.
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