Policy Address: BUD EMF upgrade

BUD and EMF

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

Webinar: Account Receivable in China

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Cashflow is the blood of a business. It is absolutely troublesome not to get the Account Receivable, especially in Mainland China. The TID SUCCESS invites RMS, 170-year experience in receivable management, to share tips of account receivable management in China. The webinar will cover prevention and debt processing. With real cases, the speak will also … Read more

Webinar: Government Funding Support

Under challenges of the globe and the region, the Hong Kong Government upgraded the FTA Programme of the BUD Fund to FTA & IPPA Programme in July 2021. Besides ASEAN and other FTA regions, it extends to Japan and Korea. The upper limit of funding (both Mainland Programme and FTA & IPPA Programme) raised from … Read more

Good news! Temporary EMF measures

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Due to the poor economic condition in Hong Kong, the Trade and Industry Department announced temporary measures to the Export Marketing Fund (EMF). The followings will be in effect for two years from 30th April, 2021. The supporting scope extends to large-scale exhibitions staged by organizers with good track record targeting the local market, as … Read more

Webinar: E-commerce opportunity in the GBA

E-commerce in the Guangdong-Macau-Hong Kong Greater Bay Area (GBA) grows rapidly. There are plenty of platforms such as Taobao, Tmall, JD, Little Red Book and TikTok etc. The SUCCESS of Trade and Industry Department (TID) organizes the webinar “Exploring E-Commerce opportunities in the Greater Bay Area” and invites specialists in the industry to share latest … Read more

Webinar: Export Marketing Fund

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On 9th April, the Export Marketing Fund (EMF) enhanced to support virtual exhibitions. The EMF subsidizes Hong Kong SMEs to promote in markets outside Hong Kong, including latest promotion methods like website development, online advertisement and virtual exhibitions. The subsidy is 50% of the total cost and up to HK$ 800,000. The Hong Kong Trade … Read more

EMF cover 50% cost of new HKTDC sourcing

HKTDC sourcing

The Hong Kong Trade Development Council (HKTDC) ‘s mechanizing platform “HKTDC Sourcing” will launch new interface and function next month. There are more than 2 million registered buyers and 100 thousand suppliers on the platform, connecting more than 20 million businesses annually. You can apply for government fund subsidy to use the HKTDC sourcing platform. … Read more

Export Marketing Fund – break $3.9 billion

Export Marketing Fund 4billion

The Trade and Industry Department (TID) announced that the Export Marketing Fund for SMEs (EMF) has granted more than HK$ 3.9 billion since establishment in 2001. Application: 289,698 Approved: 242,658 Rejected: 41,437 Withdrawn: 2,258 Grant: $3,923,573,000 (From 2001 to 11th Sep 2020) Dedicated to SMEs to expand markets outside HK Export Marketing Fund is dedicated … Read more

SME Reachout Outreach activity

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SME Reachout promotes the 5 major government funding schemes, namely BUD Fund, TVP Fund, Export Marketing Fund, ReTAAS and Enterprise Support Scheme ESS. Frequently the SME Reachout team outreach at popular working place, and they will arrive D2 Place at Lai Chi Kok this time. There will be a webinar in the morning and followed … 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