Govt Funding 2023

BizMagnet wish you a Happy New Year

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

Know more about Intellectual Property

Intellectual Property

Whenever our consultants mention the importance of intellectual property (IP), most clients response: it is only for big corporation. Indeed we have a lot of tool in commerce to avoid potential risk, such as commercial insurance and intellectual property etc. Think about it, an employee demands million dollars as compensation to industrial accident and you … Read more

ATAL has $150m fine for anti-competitive behavior

Competition Ordinance

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

Anti Money laundering tech

IT-security banner

In recent years, the compliance requirement in financial industry gets stricter and stricter. Here are the reasons: 1. technology allows easier international laundering, 2. political figures sanction due to geopolitical issues, 3. terrorism. Financial institutions such as banks, exchange shops, insurance companies etc pay extra attention to ensure compliance fulfillment. Offences can result penalty or … Read more

HSBC VisionGo writer

HSBC VisionGo

BizMagnet funding consultant is happy to become a writer of HSBC VisionGo. Our consultant will regularly post article to share latest information and analysis about government funding. BizMagnet articles are totally open and free. “HSBC VisionGo” is a business community platform operated by HSBC HK. At VisionGo, Entrepreneurs can seek business information and opportunity. General … Read more

Know more about Competition Ordinance for funding

Competition Ordinance

The Competition Commission has lodged a case recently against ATAL and Shun Hing. It accused ATAL and Shun Hing of price-fixing, market sharing and big-rigging in air conditioning projects, in contrary to the Competition Ordinance. The case is noticeable as ATAL was established by Otto Poon, the husband of Justice Secretary Teresa Cheng and the … Read more

Successful BUD cases in 2022

Successful BUD application

The Dedicated Fund for Branding, Upgrading and Domestic Sales (BUD Fund) was launched in 2012 to help Hong Kong companies to brand, upgrade and market in mainland China. As Hong Kong signed Free Trade Agreement and Investment Promotion & Protection Agreement with other economies, the BUD Fund are now consisted of Mainland Programme and FTA … Read more

TVP enhances productivity with CRM

CRM benefit with TVP

It is so competitive nowadays, and firms put a lot of effort to maintain good customer relation. Customer Relation Management (CRM) has been built as an application to keep managing the customer relation. What is CRM? CRM means Customer Relationship Management system. It is a software system to automate all behavior engaged with customers. These … Read more

Don’t wait for clearance. BUD Fund for e-Commerce.

E-Commerce can cross the border

The Chief Execute-elect John Lee said, the re-opening of mainland border is the first priority job of his term. However, it is clearly not pragmatic to wait for the re-opening at this moment. “Zero-COVID policy” are only in several countries and regions in the world. Even isolated North Korea reported thousands of cases recently. Scientists … Read more

The 4th round of Anti-epidemic Fund

COVID-19 banner

Previously the Chief Executive Carrie Lam announced that the government seeks injection approval to the Anti-epidemic Fund before Christmas. The fourth round of the Anti-epidemic Fund will assist those sectors impacted by the social distancing measures. For instance, restaurants, beauty salons, fitness centres etc. The application is simple and even raised by the government. Nevertheless, … Read more