The BUD Fund provides 2 programmes (“Mainland Programme” and “FTA Programmes”) to Hong Kong companies to brand, upgrade and promote in dedicated markets. The 1-to-1 matching fund gives a cumulative amount of HK$ 4,000,000.
The Free Trade Agreement and Investment Agreement between Hong Kong and Indonesia as an ASEAN member state will be in effect on 4th July, 2020. Benefit to both HK Goods and Services Indonesia will reduce tariff on goods made in Hong Kong, including jewelry, toy, watch and clothes. Hong Kong service providers entering Indonesia can … Read more
Building a brand is not easy, even with the assistance of the BUD Fund. Therefore we have a business model called “Authorized agency”. A Company as an agency of a brand helps the brand to enter a local market. Shun Hing Group founded by Mr William Mong is the sole agency of Matsushita in Hong … Read more
The author knows a new friend Mr Li, a shoe brand boss, and we talked about his brand story. Many years ago, his brand mainly focused on the Western market. When China was open to the world, a lot of manufacturers, including Mr Li, went to China to start a new factory to lower the … Read more
The BUD Fund grants at most HK$ 4,000,000 to each eligible enterprise (shared by Mainland Programme and FTA Programme). The BUD project includes establishing a holistic business plan, known as BUD Type (i), and the implementation, known as BUD Type (ii). Though a firm can apply for 40 times at maximum, in general, 1 to … Read more
From time being, most successful BUD Fund applicants are manufacturers. This is because factories have an obvious need to transform as brands. Nevertheless, as the number of target market sponsored by the BUD Fund increases (from mainland only to all Free Trade Agreement regions today), plus the market structure changes, more and more service providers … Read more
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 … Read more
The following case is a typical story of a Hong Kong manufacturer. In the decade 1990s, the cost of manpower and land kept rising for Hong Kong factories, and many of them decided to move to mainland China. After around 20 years, the economy of China has expanded a lot which leads to the same … Read more
The BUD Fund has the latest improvement on 9th April, 2020. Each eligible enterprises can apply the Mainland Programme or the FTA Programme for at most 40 times. The maximum grant for each application is HKD 1 million, at a one-to-one basis. i.e. for each dollar the enterprise finances, the government will grant one dollar … Read more
The origin of the BUD Fund In resonance with Chinese “One Belt, One Road” project, the HKSAR government launched the Dedicated Fund on Branding, Upgrading and Domestics Sales (BUD Fund) of HKD 1 billion in 2012 to help Hong Kong companies to enter the mainland China market. From time being, Hong Kong has been discussing … Read more
BUD Fund is a multi-domain grant BUD Fund provides at most HKD 4 million to an eligible Hong Kong company to enter and expand in Mainland China and Free Trade Agreement (FTA) regions. It is a good cash-flow supply to those companies planning to brand, upgrade and market. However, many companies and business consultants get … Read more