The Trade and Industry Department (TID) announced that the Export Marketing Fund for SMEs (EMF) has granted more than HK$ 3.9 billion since establishment in 2001. Application: 289,698 Approved: 242,658 Rejected: 41,437 Withdrawn: 2,258 Grant: $3,923,573,000 (From 2001 to 11th Sep 2020) Dedicated to SMEs to expand markets outside HK Export Marketing Fund is dedicated … Read more
Today(12/9) is the first weekend after social gathering ban relaxed (4 people for a table). Obviously there are more people in the streets and malls, especially restaurants and retail store in shopping malls. BizMagnet hopes Hong Kong people keep the social distance to protect ourselves and recover the economy soon. I went out to observe … Read more
Hong Kong business is always seeking business opportunity in mainland China. Therefore, the Hong Kong Trade Development Council (HKTDC) invites Chois (Strategy Consultant of Source Network Media Group) to introduce the self-media in China (such as weibo and other social medias). It will cover the characteristic, target audience and operation of these self-medias. Attendants can … Read more
Since the third wave of COVID19 (formerly known as “Wuhan pneumonia”) in Hong Kong, many businesses have started their e-Commerce, such as online shop and online platform. The Technology Voucher Programme (TVP), BUD Fund and a regular government funding, and D-biz are very popular that support online shops and digital marketing etc. Government fund sponsors … Read more
As of BizMagnet TVP consultant experience in the industry, the very question of a client is not “am I qualified to apply for the TVP?” but “how do you charge?”. It is reasonable to see if it is cost effective. In general, there are TWO charging methods for TVP consultation services: proportional and fixed fee. … Read more
Technology Voucher Programme (TVP) provides eligible Hong Kong companies 75% subsidy (cumulative maximum: HK$600,000) to use technology solution and services. The technology should enhance the total competitiveness, upgrade or transform the business. In the pandemic period, distance working with website and cloud system is essential for business operation. Recently, the TVP relaxed the restriction to … Read more
Very soon it is Q4 of 2020, and both 2019 and 2020 are unusual years. BizMagnet TVP consultant consolidates information and attempts to predict the trend of TVP (Technology Voucher Programme) in 2021. No matter you applied for government fund such as TVP and BUD Fund before, it is time for you to prepare next … Read more
Yesterday (2nd Sep) the Hong Kong Police Force arrested 15 persons, on suspicion of anti-epidemic fund fraud, seeking around HK$ 3.87 million. Suspects accused of submitting false proof, such as MPF records, transaction records, or altered retail photos downloaded from the Internet, to seek more government funding grant. This is another commercial crime case about … Read more
The COVID-19 pandemic has tremendously impacted global supply chain and demand while Sino-US relation has declined to the lowest in decades. Thus many manufacturers moved their factories from mainland China to ASEAN region. On the other hand, China is proactively developing domestic market (“Circular economy”). The Free Trade Agreement (FTA) between China and the ASEAN … Read more
The Hong Kong Trade Development Council (HKTDC) research has conducted a survey recently to study buyer behavior in Kuala Lumpur (KL) of Malaysia. BizMagnet BUD consultant believes that is valuable reference for businesses intend to go Malaysia, and highlights the keynotes with the information of the BUD Fund FTA Programme (a.k.a. ASEAN Programme). This article … Read more
