From 31st Oct 2023, the BUD Fund extends to Türkiye. Republic of Türkiye locates at Asia-Europe junction and the country is a member of the G20 Group. The economies under discussion with Hong Kong include Bangladesh, Russia and Saudi Arabia. Up to Oct 2023, the BUD Fund supports Mainland China and other 37 economies.
The ICAC press release announced that 6 directors or proprietors were charged for false statement during SFGS 100% loan application. The loan amount was around HK$ 19m. The trial will be held in the district court. The maximum sentence of criminal case trial in the district court is 7-year imprisonment. The consultant is not going … Read more
The Government released some data of the BUD Fund on 8th May 2023, and BizMagnet BUD Fund consultant is about to share. The BUD Fund was established in June 2012. Up to Feb 2023, there are about 5,700 applications approved and 4,100 enterprises reimbursed. The total released fund is about 3.4 billion HKD. In average, … Read more
BizMagnet Limited is happy to tell that we are awarded the “Caring Company” logo by the Hong Kong Council of Social Service. The Award encourages our effort on social responsibility for all time being. Caring the community, staff and the environment are universal. They are also our main concerns. The Caring Company Scheme was founded … Read more
Financial secretary Paul Chan announced the first financial budget after normalcy. As the deficit is serious, many measures have been cut or cancelled. We have the summary here: BizMagnet government fund consultant helps Hong Kong companies to apply for TVP, BUD Fund and EMF etc. We also recommend quality suppliers to help you to brand, upgrade and sell.
The Budget will be released next month, and the Chinese Manufacturers’ Association (CMA) gave a number of suggestions. One proposed item is to release, as the EMF, the geographical limitation of the BUD Fund. The Fund should support all markets outside Hong Kong (no more Mainland Programme and FTA and IPPA Programme), the CMA suggested. … Read more
BizMagnet wish you a Happy New Year and good health. In the new year time, our consultant would like to share viewpoints about current situation, and the consequence to government funding. The Chinese Government’s termination of the “zero COVID policy” is the very first black swan of 2023. Almost nobody anticipated the sudden change before … Read more
Previously BizMagnet government funding consultant and HSBC Business Go co-organized the seminar “Latest government funding and bank loan strategy”. In the event, we share the latest situation of BUD Fund and TVP with the audiences. HSBC Business Go is a B2B artificial intelligent digital sharing platform under HSBC Group. BizMagnet is also a business member … Read more
According to the BUD Fund official website, effective from 7th Nov 2022, the cumulative ceiling for every eligible enterprise increases from HK$ 6,000,000 to HK$ 7,000,000; while the maximum number of approval increases from 60 to 70. At the same time, the EMF also increases to HK$ 1,000,000. The Chief Executive gave his first policy … Read more
ATAL(1977), a listed company chaired by husband of ex-justice secretary Teresa Cheng Otto Poon, was suited by the Competition Commission (the Commission) that ATAL violated the Competition Ordinance with Shun Hing Group by price fixing and bid rigging. Today (4 Nov), the Commission announced that the ATAL subsidiary admitted the case and pay the fine … Read more