BUD Fund extends to Türkiye

2023 BUD Fund

From 31st Oct 2023, the BUD Fund extends to Türkiye. Republic of Türkiye locates at Asia-Europe junction and the country is a member of the G20 Group. The economies under discussion with Hong Kong include Bangladesh, Russia and Saudi Arabia. Up to Oct 2023, the BUD Fund supports Mainland China and other 37 economies.

BUD Fund geographical limitation

2023 BUD Fund

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

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

Commentary: US election influence to HK economy

US election banner

Up to now (8/11/2020), the US presidential election doesn’t have a final projection yet. Democrat candidate Joe Biden won most of the swing states and more than 270 electoral votes. Republican candidate Donald Trump (the present president) doesn’t agree to lose and about to appeal to the Supreme Court. It is likely that another case … Read more

Webinar: Manufacturing and Business Opportunity in Cambodia

BizMagnet – Factory Banner

Cambodia is at the centre of Southeast Asia. Several Special Economic Zones (SEZ) have been established and her economy is blooming in recent years. It is a hot spot for Hong Kong manufacturing business. The Hong Kong Trade Development Council (HKTDC) organizes the webinar “Business and Manufacturing Opportunities in Cambodia” and invites Mr Sin Siya, … 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

Hong Kong problem

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

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

Webinar: China-ASEAN FTA to Chinese market

The COVID-19 pandemic has tremendously impacted global supply chain and demand while Sino-US relation has declined to the lowest in decades. Thus many manufacturers moved their factories from mainland China to ASEAN region. On the other hand, China is proactively developing domestic market (“Circular economy”). The Free Trade Agreement (FTA) between China and the ASEAN … Read more

Kuala Lumpur consumer behavior research – BUD Fund to Malaysia

Malaysia shopping mall banner

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