In Hong Kong, Small & Medium Enterprise (SME) means the non-manufacturing companies with less than 50 persons or the manufacturing companies with less than 100 persons
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
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
The Hong Kong Trade Development Council organized the very first major exhibition since the COVID-19 pandemic – “HK Lifestyle ShoppingFest 2021”. There are 8 main themes: baby, smart product, jewelry, health, household, pet, learning and food. Exhibitors can enjoy “Convention and Exhibition Industry Subsidy Scheme” and gain 50% sponsor with maximum amount HKD $10,000 for … Read more
On 9th April, the Export Marketing Fund (EMF) enhanced to support virtual exhibitions. The EMF subsidizes Hong Kong SMEs to promote in markets outside Hong Kong, including latest promotion methods like website development, online advertisement and virtual exhibitions. The subsidy is 50% of the total cost and up to HK$ 800,000. The Hong Kong Trade … Read more
The Hong Kong Trade Development Council (HKTDC) ‘s mechanizing platform “HKTDC Sourcing” will launch new interface and function next month. There are more than 2 million registered buyers and 100 thousand suppliers on the platform, connecting more than 20 million businesses annually. You can apply for government fund subsidy to use the HKTDC sourcing platform. … Read more
Recently BizMagnet TVP consultant received a case that a SME incited by a TVP supplier to use the TVP agent service. It was again a conspiracy of bid rigging. As the deal is under the table, the SME now has a tiger by the tail. The TVP IT supplier demands additional charge, while the SME … Read more
Today(12/9) is the first weekend after social gathering ban relaxed (4 people for a table). Obviously there are more people in the streets and malls, especially restaurants and retail store in shopping malls. BizMagnet hopes Hong Kong people keep the social distance to protect ourselves and recover the economy soon. I went out to observe … Read more
Yesterday (2nd Sep) the Hong Kong Police Force arrested 15 persons, on suspicion of anti-epidemic fund fraud, seeking around HK$ 3.87 million. Suspects accused of submitting false proof, such as MPF records, transaction records, or altered retail photos downloaded from the Internet, to seek more government funding grant. This is another commercial crime case about … Read more
Last week, BizMagnet TVP consultant shared most noticeable cybersecurity threats in 2021. This week, the Support and Consultation Centre for SMEs (SUCCESS) prepares the webinar of “Cybersecurity essentials for Businesses” and invites the Security Architect of Cisco Hong Kong Limited as the guest speaker. In the webinar, we will see network security notices, recent common … Read more
This month, a Chinese company again sued Apple Siri for patent infringement; they even claimed more than tens of billions of yuan. After reading the report carefully, the case has been going on for 8 years! We believe that the bosses of SMEs have heard a lot of similar news. How to protect your own … Read more
