How the US sanction affects HK businesses to enter BUD markets

US sanction

Yesterday (2020/08/07), the US Treasury announced to impose sanctions on China and Hong Kong 11 officials who harm Hong Kong autonomy and human rights.These major officers include the Chief Executive Carrie Lam, the Secretary of Justice Teresa Cheng, the Commissioner of Police PK Tang etc. All Americans and American companies cannot deal with the sanctioned … Read more

Legco election postponed, an economic storm for HK firms

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The Chief Executive of Hong Kong SAR Carrie Lam announced yesterday (31st Jul) that the coming Legco election will be postponed, from 6th Sep 2020 to 5th Sep 2021, by the Emergency Regulations Ordinance. The CE said the hard decision is purely based on the current COVID-19 pandemic to protect Hong Kong public health. Nevertheless, … Read more

HSBC Report: COVID19 drives Hong Kong businesses to transform for resilience

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HSBC Navigator surveyed more than 200 Hong Kong businesses from 28th April to 12th May pandemic time. Around 60% of the surveyed enterprises claimed that they were well-prepared but can do more. Business needs more diversity, information technology and transparency in the supply chains to face possible challenges in the future. Diversity & technology Terence … Read more

Latest: Apply BUD Fund online

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The Hong Kong Productivity Council launched “BUD Online Application” on 30th June 2020. Companies only log on “Online e-form application for BUD” to submit the application. Please notice that the BUD secretariat will not accept other means of application such as mail, in person or email after 31st July 2020. The tutorial of the Online … Read more

National security law, the future of Government Funding

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The HKSAR Government is required to enact the controversial National Security Law. According to the new law, 4 types of offences may lead to life sentence, and the Office for Safeguarding National Security of the Chinese Government shall exercise jurisdiction in some cases. After the announcement (1st July, Hong Kong SAR establishment day), thousands of … Read more

Thailand loosens travel ban to Hong Kong

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The Thai Government announced that the travel ban to 5 jurisdictions (includes Hong Kong) will be loosen on 1st July 2020. Hong Kong people with work permit will be exempted from a 14-day quarantine if they have COVID-19 tests both in Hong Kong and upon arrival. And they have to observe the restriction to not … Read more

D-Biz additional provision of $1B

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Today (2020/6/26), the Innovation and Technology Commission (ITC) announced that the Distance Business Programme (D-Biz) will have an additional provision of HK$ 1 billion from the Anti-epidemic Fund. Up to the moment, the government has received 14,500 D-Biz applications, proceeded 1,194 cases and approved 1,094 cases. The total grant is HK$ 44 million. Criticized D-Biz … Read more

Happy Dragon Boat Festival 2020

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The Dragon Boat Festival is a traditional Chinese holiday on the 5th day of the 5th month in the Chinese calendar. Therefore it is also known as the “Double Fifth Festival”. On this day, people will have dragon boat races (dragon boat is a human-powered watercraft with a decorative Chinese dragon head). Besides the Chinese … Read more