Detail quotation is essential

Prepare quotation for BUD application

In a recent survey, the Consumer Council found that many home renovation suppliers provide very vague quotation leading dispute or even incomplete works. Among the 11 renovation companies, only 2 can provide a detail quotation while the remaining 9 provided quotation vague or even without content. It is very hard to compare among the competitors … Read more

Commentary: US election influence to HK economy

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Up to now (8/11/2020), the US presidential election doesn’t have a final projection yet. Democrat candidate Joe Biden won most of the swing states and more than 270 electoral votes. Republican candidate Donald Trump (the present president) doesn’t agree to lose and about to appeal to the Supreme Court. It is likely that another case … Read more

Webinar: Retail Innovation Conference

As technology advancing, such as 5G, smartphone and big data evolution, the entire retail industry change rapidly. At the same time, the COVID-19 pandemic accelerates e-Commerce by around 5 to 10 years. Many who never trusted e-Commerce has to purchase online nowadays. The Retail Innovation Conference organized by the Hong Kong Retail Management Association (HKRMA) … Read more

US President and First Lady test positive for COVID-19

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The US President Donald Trump announced in his Twitter account that he and the First Lady Melania test positive for COVID-19 (formerly known as Wuhan Pneumonia). The latest COVID-19 update of BizMagnet. BizMagnet government fund consultant is professionally to help companies to apply for government funds. Our service includes BUD consultation, TVP consultation and other … Read more

BizMagnet wish you a Happy Mid-Autumn Festival

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Today is the 15th day of the 8th month of the Chinese calendar, known as the Mid-Autumn Festival. BizMagnet wish you a happy holiday. BizMagnet government funding consultant is professionally to help companies to apply for government funding. Our scope includes BUD fund consultation, TVP consultation, and other funding such as Export Marketing Fund, ReTAAS … Read more

EMF cover 50% cost of new HKTDC sourcing

HKTDC sourcing

The Hong Kong Trade Development Council (HKTDC) ‘s mechanizing platform “HKTDC Sourcing” will launch new interface and function next month. There are more than 2 million registered buyers and 100 thousand suppliers on the platform, connecting more than 20 million businesses annually. You can apply for government fund subsidy to use the HKTDC sourcing platform. … Read more

BUD Fund grant $260m in 1st half of 2020

International Trade

The Hong Kong Productivity Council (HKPC) released the latest figures of “Dedicated Fund on Branding, Upgrading and Domestic Sales” (BUD Fund) in a press release. Due to the US-China conflict, the Chief Innovation Officer Dr Lawrence Cheung reflected that a lot of manufacturers moved their factories from mainland China to Southeast Asia (ASEAN members) and … Read more

Export Marketing Fund – break $3.9 billion

Export Marketing Fund 4billion

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

False statement for government fund defraud – maximum imprisonment of 14 years

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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

Google and Facebook Pacific light cable network to Taiwan and Philippines

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Due to the US national security and the worry of American user information theft by China, the US Department of Justice advised the Federal Communications Commission (FCC) to abandon a plan of building trans-Pacific undersea cable to Hong Kong by Google and Facebook. The advice was on 17th June this year, and it also advised … Read more

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