Mainland Programme under the BUD Fund helps HK firms to gain competitiveness in mainland China.
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
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
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
The HKPC academy new retail seminar series introduces “Mainland China new retail”. The talk will cover Baidu search, Tmall e-Commerce and China O2O development. If you plan to explore the online business opportunity in China, you should know BUD Fund Mainland Programme. The programme supports Hong Kong companies to brand, upgrade, transform and expand domestic … Read more
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
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
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
In the 21st meeting, the Standing Committee of the 13th National People’s Congress decided to authorize the State Council to execute a pilot programme in the nine Greater Bay Area (GBA) mainland cities (Guangzhou, Shenzhen, Zhuhai, Foshan, Dongguan, Zhongshan, Jiangmen, Huizhou, and Zhaoqing). The programme allows Hong Kong and Macau lawyers to practice in specific … Read more
From 1st Jan 2020, China has a new “Foreign Investment Law” to replace the old one which was in force for near 40 years. The new law treats mainland and foreign businesses in equality. At the same time, certain administrative procedures are simplified to provide convenience to foreign investment in China. Expert from HKTDC Research … Read more
From today (1st Aug, 2020), BUD Fund application is available online only. Submission by post, by e-mail or in person would not be accepted. Enterprises can submit the application via BUD Secretariat website: https://apply.bud.hkpc.org/ The above information is provided by BUD Consultant BizMagnet.