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

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

Which countries are supported by BUD Fund?

BUD Fund poster - BizMagnet Limited

(This page is updated up to Mar 2024) The BUD Fund consists of “Mainland Programme” and “FTA and IPPA Programme“, and supports related projects in Mainland China and FTA and IPPA economies respectively. The FTA and IPPA Programme was originally the ASEAN Programme to supports projects in the ASEAN member states. Later on the Programme … 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

BUD Fund: Preview 2022

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Hong Kong experienced unprecedented changes since 2019. Social unrest in 2019, National Security law and the change in trade status in 2020, and also global COVID-19 pandemic, all make fundamental changes to Hong Kong business environment. As BizMagnet government funding consultant expected, the HKSAR Government cannot reduce support to business due to political and economic … 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

T-BOX: Intro to BUD Fund

BUD Fund poster - BizMagnet Limited

From July 2021, the FTA Programme of the BUD Fund has upgraded to “FTA and IPPA Programme“. Besides the ASEAN and FTA economies, the Programme now supports also Japan and Korea. The total subsidy of Mainland Programme and FTA and IPPA Programme increases from HK$4 million to $6 million. By the BUD Fund, HK enterprises … Read more

BUD case study: from material supply to brand

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I had a gathering with an old client and talked about business. My friend is a gemstone businessman, his major business is jewelry design and material supply. He has been in the industry for more than 3 decades, witnessed the open policy of China and global economic change. Gemstone supply is a steadily periodic industry … 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