Latest news about business, commerce and government policy. Government business grants such as BUD Fund, TVP Fund etc change rapidly in recent years.
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
Today (19/10/2022), the Chief Executive gave his first policy address and announced the upgrade of the BUD Fund and the EMF for SMEs: The limit of the BUD Fund increases from HK$ 6 million to HK$ 7 million. The limit of the EMF increases from HK$ 800,000 to HK$ 1 million. The special facility extends … Read more
(The event is done. Please view the review here.) BizMagnet co-organizes with HSBC Business Go (formerly known as “HSBC VisionGo”) the “Latest government funding and loan application” seminar. In the event, our consultants and HSBC representatives will share the capital issues of SMEs and corresponding solutions. These include the BUD Fund, the TVP and commercial … Read more
The HKPC announced at the TVP official website that the TVP procurement platform “ePROQ” will launch on 12th October. The authority arranges the Tactic Day as the launching ceremony. From time being, procurement is a major concern for most TVP applicants. The success of TVP application relies on a proper procurement procedure. A lot of … Read more
