US President and First Lady test positive for COVID-19

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The US President Donald Trump announced in his Twitter account that he and the First Lady Melania test positive for COVID-19 (formerly known as Wuhan Pneumonia). The latest COVID-19 update of BizMagnet. BizMagnet government fund consultant is professionally to help companies to apply for government funds. Our service includes BUD consultation, TVP consultation and other … 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

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

Google and Facebook Pacific light cable network to Taiwan and Philippines

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Due to the US national security and the worry of American user information theft by China, the US Department of Justice advised the Federal Communications Commission (FCC) to abandon a plan of building trans-Pacific undersea cable to Hong Kong by Google and Facebook. The advice was on 17th June this year, and it also advised … Read more

How the US sanction affects HK businesses to enter BUD markets

US sanction

Yesterday (2020/08/07), the US Treasury announced to impose sanctions on China and Hong Kong 11 officials who harm Hong Kong autonomy and human rights.These major officers include the Chief Executive Carrie Lam, the Secretary of Justice Teresa Cheng, the Commissioner of Police PK Tang etc. All Americans and American companies cannot deal with the sanctioned … Read more

Legco election postponed, an economic storm for HK firms

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The Chief Executive of Hong Kong SAR Carrie Lam announced yesterday (31st Jul) that the coming Legco election will be postponed, from 6th Sep 2020 to 5th Sep 2021, by the Emergency Regulations Ordinance. The CE said the hard decision is purely based on the current COVID-19 pandemic to protect Hong Kong public health. Nevertheless, … Read more

The US is about to revoke the special status of Hong Kong

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The US President Donald Trump said he would revoke the special status of Hong Kong, in response to the passing of the national security law on Hong Kong in Beijing. “It is one country, one system. This is a tragedy for Hong Kong”, said the President. The US will impose sanctions against some top officials … Read more

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