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

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

Hong Kong is no longer a business-friendly place

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George Leung Siu-kay, the CEO of the Hong Kong General Chamber of Commerce (HKGCC), expressed in “Letter to Hong Kong“, a RTHK programme, that Hong Kong is no longer a business-friendly place. The social gathering ban has frozen small businesses. Though subsidy and compensation is helpful, the most important is to control the virus spread. … Read more

Big data social media marketing with BUD Fund

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If things go right, China will be in post-pandemic time and online marketing will be more important than ever. Chinese rely heavily on social media, such as early day Weibo(微博), Wechat(微信) and nowadays Little Red Book(小紅書), TikTok(抖音) and Kwai(快手) etc. The Research Department of Hong Kong Trade Development Council (HKTDC) posted an interview on 15th … Read more

Webinar: How to choose online marketing channel in mainland China

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Hong Kong business is always seeking business opportunity in mainland China. Therefore, the Hong Kong Trade Development Council (HKTDC) invites Chois (Strategy Consultant of Source Network Media Group) to introduce the self-media in China (such as weibo and other social medias). It will cover the characteristic, target audience and operation of these self-medias. Attendants can … 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

Kuala Lumpur consumer behavior research – BUD Fund to Malaysia

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The Hong Kong Trade Development Council (HKTDC) research has conducted a survey recently to study buyer behavior in Kuala Lumpur (KL) of Malaysia. BizMagnet BUD consultant believes that is valuable reference for businesses intend to go Malaysia, and highlights the keynotes with the information of the BUD Fund FTA Programme (a.k.a. ASEAN Programme). This article … 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

Macau GDP reduced by 67.8% in 2020Q2

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Last week, the Statistics and Census Service of Government of Macao SAR announced that the GDP of Macau in 2020 Q2 reduced by 67.8% year-on-year. Though Macau has exercised effective precaution to stop COVID-19 spread, the extreme measures also halted casinos running which highly rely on Chinese tourists. As we know, the gambling industry is … Read more

BUD Fund increases by 12% in 1st half of 2020

Mr Mohamed D. Butt, the executive director of Hong Kong Productivity Council, mentioned in an event that the BUD Fund grant increased by 12% in the first half of 2020, compared to the same period in 2019. It showed that Hong Kong companies know more how to use government fund in markets outside Hong Kong. … Read more

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