Mainland Programme under the BUD Fund helps HK firms to gain competitiveness in mainland China.
There are number of successful BUD stories since the establishment in 2012. The BUD Secretariat often invites applicant enterprises to share their successful experience with the government funding. BizMagnet BUD consultant is about to tell how a jewellery company transformed. From West to China The jewellery company had been a designer and manufacturer for Western … Read more
Everyone of us is talking about business development in China, but how to build our own brand and promote it thoroughly is a big problem. This time we will share a BUD successful story about a traditional dried seafood shop in Hong Kong. Mr Chan is the third generation of a dried seafood shop in … Read more
The Hong Kong Government launched “Dedicated Fund on Branding, Upgrading and Domestic Sales” (BUD Fund). The 2 programmes under the Fund namely “Mainland Programme” and “FTA Programme” grant at most HK$ 4,000,000 on a one-to-one matching basis. The BUD Fund aims at promoting the competitiveness of Hong Kong companies in the mainland China and 19 … Read more
The author knows a new friend Mr Li, a shoe brand boss, and we talked about his brand story. Many years ago, his brand mainly focused on the Western market. When China was open to the world, a lot of manufacturers, including Mr Li, went to China to start a new factory to lower the … Read more
From time being, most successful BUD Fund applicants are manufacturers. This is because factories have an obvious need to transform as brands. Nevertheless, as the number of target market sponsored by the BUD Fund increases (from mainland only to all Free Trade Agreement regions today), plus the market structure changes, more and more service providers … Read more
Hong Kong has suffered from social unrest in 2019 and the COVID-19 pandemic in 2020. When things seem to recover recently, the Chinese government bypasses Hong Kong legislature to make a national security bill. Hong Kong is now on the front-line of Sino-American conflict. These unprecedented events bring total uncertainty to Hong Kong politics and … Read more
The following case is a typical story of a Hong Kong manufacturer. In the decade 1990s, the cost of manpower and land kept rising for Hong Kong factories, and many of them decided to move to mainland China. After around 20 years, the economy of China has expanded a lot which leads to the same … Read more
The origin of the BUD Fund In resonance with Chinese “One Belt, One Road” project, the HKSAR government launched the Dedicated Fund on Branding, Upgrading and Domestics Sales (BUD Fund) of HKD 1 billion in 2012 to help Hong Kong companies to enter the mainland China market. From time being, Hong Kong has been discussing … Read more
