Hong Kong has suffered from social unrest in 2019 and the COVID-19 pandemic in 2020. When things seem to recover recently, the Chinese government bypasses Hong Kong legislature to make a national security bill. Hong Kong is now on the front-line of Sino-American conflict. These unprecedented events bring total uncertainty to Hong Kong politics and economics.
“I don’t know what it is, because nobody knows yet. If it happens, we’ll address that issue very strongly,”
President Donald Trump
Political storm leaves no space for commerce
The news of national security bill exposed in Beijing on 22nd May and the financial market reacted strongly. The Hang Seng Index dropped 1349 points which was the greatest plunge in almost 5 years. The Property Index suffered the most. Investors worried that the impact may change the status of separate customs territory and the credit rating of Hong Kong. Not only the stock market, but also the Hong Kong Dollar futures plunged.
BUD Fund: Holistic Business Plan
The market signaled clearly. Do you like to manage the risk by expanding business in China or other regions? The BUD Fund – Mainland Programme and the FTA Programme provide grants to Hong Kong companies to brand, upgrade and promote. Type (i) project is the holistic business planning and Type (ii) project is the implementation. Market expansion is a good way to manage your risk.
BUD Fund Application
BizMagnet is a Government Enterprise Grant Application consultant. Welcome to inquiries.
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