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SUCCESS
E-newsletter
30 June 2020

What's New
Topical Issues
Business News

The Support and Consultation Centre for SMEs (SUCCESS) is an information and advisory centre for small and medium enterprises (SMEs) run by the Trade and Industry Department (TID).  If you are looking for free business information and practical consultation services, please visit SUCCESS.

Our Website's address is www.success.tid.gov.hk.

Our customer hotline is : (852) 2398 5133.

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What's New

HKTDC Entrepreneur Day 2020

(16 - 17 July 2020 at Hall 5F, Hong Kong Convention and Exhibition Centre)

This event is organised by the Hong Kong Trade Development Council (HKTDC).  Trade and Industry Department (TID) is one of the official partners.  The event aims to support start-ups with opportunities and supporting services including various events for information exchange, experience sharing and pitching, as well as events for recruitment and business matching services.  2020 is the 12 edition of the Entrepreneur Day.  The theme of this year is "Revive.Redefine" which encourages and supports start-ups to redefine business rules with innovative ideas, to breakthrough and revive from the ever-changing business environment. (Opening Hours: 16 July, 10:30 a.m. - 7:00 p.m.; and 17 July, 10:30 a.m. - 6:00 p.m.)


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"Start-ups *Opportunities Hong Kong* Greater Bay Area" Exhibition

(16 - 17 July 2020 at Hall 5F, Hong Kong Convention and Exhibition Centre)

The Constitutional and Mainland Affairs Bureau will set up the pavilion on "Start-ups *Opportunities Hong Kong* Greater Bay Area" at the HKTDC Entrepreneur Day 2020, to be held at the Hong Kong Convention and Exhibition Centre.  The objective of the exhibition is to highlight how the Guangdong-Hong Kong-Macao Greater Bay Area (Greater Bay Area) will meet the needs of Hong Kong start-up companies and potential entrepreneurs.  Two local young entrepreneurs will also share their start-up experiences in the Greater Bay Area at the seminar on "Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurship Seminar - Latest Development of Start-ups in the Greater Bay Area" on 17 July 2020 (11 a.m. - 12 noon). (This seminar will be conducted in Cantonese.)


For registration of the seminar (please select "Guangdong-Hong Kong-Macao Greater Bay Area Entrepreneurship Seminar - Latest Development of Start-ups in the Greater Bay Area" in the form)
Website of the Greater Bay Area

Event Calendar of the SME Centres

To enhance the integrated services of the four existing SME Centres, including SUCCESS under the Trade and Industry Department, the "SME Centre" under the Hong Kong Trade Development Council (HKTDC), "SME One" under the Hong Kong Productivity Council (HKPC) and "TecONE" under the Hong Kong Science and Technology Parks Corporation, SUCCESS has launched an "Event Calendar of the SME Centres" on its website. The Event Calendar facilitates enterprises to obtain information on seminars/workshops/activities organised by the four SME Centres from a single platform, and also provides links to the relevant event web pages to facilitate registration.

Please click here to browse the Event Calendar of the SME Centres.

Support Measures relating to Liquidity

In view of the cash-flow pressure of SMEs, SUCCESS has compiled a summary of support measures relating to liquidity.

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Business Support Measures Amid Economic Challenges 

The HKSAR Government has announced various measures totalling $287.5 billion in the 2020/21 Budget and two rounds of Anti-epidemic Fund to assist the industries and the public affected by the novel coronavirus epidemic.  For details, please click here.  As for the earlier measures to support the business community to cope with the economic challenges, please click here for details.

SME ReachOut

Amid difficult business environment, HKPC knows SMEs are in the urgent need of cash to keep business running.  The newly established "SME ReachOut" support team is here to help SMEs well equip for bouncing back, through introducing and matching the appropriate funding schemes. 

"SME ReachOut", a dedicated service team operated by HKPC, has commenced operation starting from 1 January 2020 to support SMEs through free-of-charge one-on-one meetings.  The team would help SMEs identify funding schemes that suit their needs, while answering questions relating to applications.  

There are over 40 funding schemes provided by the Government for SMEs, with different funding scopes, amounts and requirements.  "SME ReachOut" serves to enhance SMEs' understanding of the Government's funding schemes, with a view to encouraging better utilisation of the support provided by the Government, and to enhancing their competitiveness and development.  

For enquiries, please contact "SME ReachOut" hotline at 2788 6262 or email at sme_reachout@hkpc.org. 


 

SUCCESS Seminars

Webinar: "Must-Knows on Mitigating Risks for Exports"

(This webinar will be live-streamed on 8 July 2020)


Traders and exporters need to face and manage different type of risks along their supply chain, such as credit risks and working capital uncertainty.  How can enterprises get prepared ahead of these unforeseen circumstances? In this webinar, experts will share practical tips on how to evaluate buyers and suppliers, mitigating risks in supply chain through acquisition of  business information, and better managing cash flow by application of  trade finance solutions.  Representative from the Hong Kong Export Credit Insurance Corporation (HKECIC) will also introduce HKECIC’s latest enhanced measures and the "100% Credit Limit Top-Up Scheme". (This webinar will be conducted in Cantonese.)

More Details

Webinar: "Easy Guide to Payment and Debt Collection"

(This webinar will be live-streamed on 13 July 2020)

Have enterprises ever encountered difficulties in collecting overdue payments and debts?  What strategies are effective in recovering the outstanding debts?  In this webinar co-organised by SUCCESS and Hong Kong Credit and Collection Management Association, expert speaker will offer a comprehensive guide to payment and debt collection, illustrated with real-life examples covering areas from useful communication tactics in debt collection negotiations to ways of identifying and handling uncooperative clients. (This webinar will be conducted in Cantonese.)

Registration will be launched soon.  Please check SUCCESS website.

Trade and Industry Department / SUCCESS-supported Activities

HKPC Academy Training Programme - Journey to HR Analytics

(This training programme will start on 3 August 2020 and will take place in the Hong Kong Productivity Council)


This training programme is organised by the HKPC Academy.  SUCCESS is one of the supporting organisations.  This programme aims to equip human resources practitioners with knowledge and practical skills in data analytics for the formulation of data-driven human resources strategies and decisions.  (Admission fee is required. This programme will be conducted in Cantonese.)

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HKPC Academy Training Programme - Smart e-Logistics Technology for Executives

(This training programme will start on 27 August 2020 and will take place in the Hong Kong Productivity Council)


This training programme is organised by the HKPC Academy.  SUCCESS is one of the supporting organisations.  This programme is designed for logistics managers to develop practical e-Logistics knowledge and ready-in-mind skills set, with a focus on real case challenges and industry best practices in daily operation management. (Admission fee is required.  This programme will be conducted in Cantonese.)

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Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund)

BUD Fund provides funding support to individual non-listed Hong Kong enterprises in undertaking projects to develop brands, upgrade and restructure their business operations and promote sales in the Mainland and ASEAN* markets, so as to enhance their competitiveness and facilitate their business development in these markets. 

To strengthen support to enterprises in exploring new markets and new business opportunities, TID rolled out a new round of enhancement measures to the BUD Fund in January 2020.  The enhancement measures include extending the geographical coverage of the Fund to all economies with which Hong Kong has signed Free Trade Agreements (FTAs)**; increasing the cumulative funding ceiling per enterprise to $4 million, including $2 million for projects in the Mainland and $2 million for projects in ASEAN and other FTA markets; and increasing the ratio of initial payment from 25% to up to 75% of the total approved government funding.

Further enhancements to the BUD Fund have been effective since 9 April 2020, including the removal of the geographical demarcation for each enterprise in undertaking projects in the Mainland and other economies which have signed FTAs with Hong Kong ($2 million cumulative funding each).  Enterprises can flexibly make use of the total funding of up to $4 million to undertake projects in the Mainland or other economies which have signed FTAs with Hong Kong.  Besides, enterprises participating in virtual exhibitions organised by Government-related organisations or reputable exhibition organisers with good track records are eligible for funding support under the BUD Fund.

HKPC has been engaged as the implementation partner of the BUD Fund to implement the funding scheme.  Please contact the HKPC at 2788 6088 or visit the official website of the BUD Fund (www.bud.hkpc.org/) for details of the funding scheme.  HKPC also regularly organises seminars to enhance enterprises’ understanding of the BUD Fund.  

* ASEAN comprises Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Viet Nam.

* *Including the Mainland, New Zealand, the four member states of the European Free Trade Association (i.e. Iceland, Liechtenstein, Norway and Switzerland), Chile, Macao, the ten member states of ASEAN, Georgia and Australia.

Hong Kong Licensing Awards 2020 Style Training Programme

(1, 8 & 15 August 2020)

This training programme is organised by Asian Licensing Association.  In the programme, trainer will not only introduce the elements that constitute a professional style guide, but also teach more deeply each element from a key art to a preliminary style guide.  The guide is an essential tool for sales pitching in licensing. (This training programme will be conducted in Cantonese.)  

Details & Registration (Chinese only) 

Corruption Prevention Advisory Service (CPAS) of ICAC 

A good governance system is vital for SMEs' effective operation, and can help sustain their company image and hence counterparts' confidence in doing business with them.  The Corruption Prevention Department of the Independent Commission Against Corruption (ICAC) has launched the Corruption Prevention Advisory Service (CPAS). The CPAS is a specialised unit dedicated to providing tailor-made, free and confidential corruption prevention advice on system control in common business areas such as procurement and staff administration.  Enterprises can access its user-friendly web portal (https://cpas.icac.hk/for details of the services and to get timely and useful resources on corruption prevention such as staff code of conduct, corruption prevention guides and tools, case studies, quick tips and red flags.

To receive regular updates on corruption prevention, please click
 here to subscribe to the CPAS e-news.

Free IP Consultation Service

The Intellectual Property Department (IPD), supported by the Law Society of Hong Kong, now provides FREE One-On-One IP Consultation Service for SMEs.  To obtain more information and/or apply for the Service, please visit IPD's dedicated website "Hong Kong - The IP Trading Hub": http://www.ip.gov.hk/ipcs-e.
 

Topical Issues

Video Show of SME Seminars

In order to reduce the risk of the spread of the novel coronavirus in the community, SUCCESS will not provide "Video Show of SME Seminars" for the public until further notice. 

Workshop on "Modern Warehouse Management"

(8 July 2020 at Federation of Hong Kong Industries) 

This workshop is organised by the Federation of Hong Kong Industries.  It will discuss the concept of modern warehouse management and how improvement of operational efficiency can be achieved through optimisation of warehouse management, which further helps enhance departmental performance while highlighting the importance of warehouse management to an enterprise. (Admission fee is required. This workshop will be conducted in Cantonese)

More Details

Webinar on "HKPC TechDive: Environmental Technology"

(9 July 2020 via the Webinar platform) 

This webinar is organised by Hong Kong Productivity Council (HKPC).  In regard to the raising awareness on cleaner production and green technology, many SMEs tend to adopt more eco-friendly solutions in the production process, thereby generating business opportunities in Environmental Technology.  At the webinar, representatives from HKPC will introduce the latest HKPC inventions in green technology and also share details of technology transfer.

More Details (Chinese only)

T-box Entrepreneurship Workshop on "Enhancement Measures for Technology Voucher Programme (TVP)"

(This workshop will be live-streamed on 23 July 2020) 

This workshop is organised by the Hong Kong Trade Development Council.  Since
1st June 2020, the Innovation and Technology Commission (ITC) has enhanced the Technology Voucher Programme (TVP) by relaxing the requirement for TVP applicants to obtain approval from the ITC before commencement of the projects.  The enhancement facilitates the applicants' early adoption of the relevant technological services or solutions for improving business operation and boosting competitiveness.  At this workshop, representative from ITC will introduce the latest enhancement measures for TVP, application procedures, and share successful cases.  (This workshop will be conducted in Cantonese.)  

More Details
 

Business News


GDETO Newsletter

The latest issue of the Hong Kong Economic and Trade Office in Guangdong (GDETO) Newsletter has been published.

More Details (in Chinese only)

Commercial Information Circulars (CICs) of the Mainland

The Trade and Industry Department issued a number of Commercial Information Circulars (CICs) on the Mainland's trade and economic rules and regulations. The latest CICs have been published. 

More Details

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