The Financial Secretary, Mr. Paul Chan, delivered the 2022-23 Budget Speech themed "To be people-oriented and achieve stability while pursuing progress" on 23 February 2022.

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SUCCESS Activities

In order to reduce the risk of the spread of COVID-19 in the community, SUCCESS has been closed from 4 February 2022 until further notice. Online services including webinars, Customer Hotline (Tel.: (852) 2398 5133) and Email Enquiry (success@tid.gov.hk) will continue to be provided as usual.

SUCCESS Seminar

Webinar: “Utilising Innovative Technology to Grow Your Business in the Greater Bay Area”
(This webinar will be live-streamed on 25 February 2022)

Many SMEs are seeking for business transformation and innovation under the pandemic. Utilising innovative technology could help enterprises expand their businesses in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and overseas markets, and explore business opportunities. While the business environment, opportunities and innovative technology in the GBA are quite different from Hong Kong, the speaker of this seminar will introduce different categories and industrial chains of the innovative technology in the GBA, including 5G, Internet of Things (IoT), new retail and new media. He will also introduce the local government support for innovation and technology and share the preparation for starting a business, practical operation and tips on doing business in the GBA, with a view to helping enterprises enter the GBA market. (This webinar will be conducted in Cantonese.)

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Activities of the SME Service Centres

SME Service Centres' "4-in-1" Seminar Series

The Government consolidated the services of the four SME Centres in Oct 2019 ( SUCCESS of the Trade and Industry Department (TID), the SME Centre of the Hong Kong Trade Development Council (HKTDC), SME One of the Hong Kong Productivity Council (HKPC) and TecONE of the Hong Kong Science and Technology Parks Corporation (HKSTP) to provide “4-in-1” integrated services. The four Centres are co-organising another round of “4-in-1” seminar series in the first half of 2022 on “Government Funding Schemes” and “Exploring Mainland Market”.

The webinar series organised by the SME ReachOut is one of the series under the SME Service Centres' "4-in-1" seminar series. It will share a range of government funding schemes alongside successful case stories provided for SMEs to help upgrade their businesses, sustain business and enhance productivity. The SME ReachOut will organise a webinar on 3 March 2022 to share popular funding schemes and funding schemes related to logistics industry. Industry experts would also share the latest market trend and successful cases on business transformation. Interested persons are welcome to register at the link below. Admission is Free.

I. Webinar on “Ride the Digital Tides to Upgrade Your Logistics Businesses”
(The webinar will be held by SME ReachOut on 3 March)

To catch up the new normal, logistics businesses should grasp the opportunities of the latest technological solutions to transform business and enhance productivity. This webinar will introduce a number of popular funding schemes and funding schemes related to logistics industry. Expert of logistics industry will also share the latest market trends and successful stories for logistics business transformation. (The webinar will be conducted in Cantonese.)

Please click here for details and registration.

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HKIHRM Job Creation Scheme 2.0

The HKIHRM Job Creation Scheme 2.0 (“the Scheme”), organised by the Hong Kong Institute of Human Resource Management (HKIHRM), in collaboration with the Civil Service Bureau, is one of the job creation schemes under the Anti-epidemic Fund of the Government of the Hong Kong Special Administrative Region (HKSARG). The Scheme aims to create up to 1,000 time-limited jobs of different skill sets and academic qualifications in the private sector amid the COVID-19 pandemic. Under the Scheme, eligible members of the HKIHRM may apply for a monthly subsidy from the HKSARG for each eligible job position created.

Key Highlights of the Scheme:

• Subsidised Amount: A maximum of HK$10,000 per month OR 50% of the actual monthly basic salary, whichever is lower
• Subsidised Period: a maximum of 12 months for each subsidy or until 31 January 2023, whichever is earlier
• Application Deadline: 31 March 2022 (first come, first served)

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

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SME ReachOut

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

The Trade and Industry Department (TID) rolled out enhancement to the BUD Fund on 14 February 2022.

To further support enterprises in developing more diversified markets, effective from 14 February 2022, the geographical scope of the BUD Fund has been extended to 13 economies with which Hong Kong has signed Investment Promotion and Protection Agreements (IPPAs), including Austria, Belgo-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden and the United Kingdom. Currently, the geographical scope of the BUD Fund covers a total of 35 economiesnote 1.

The geographical scope of the BUD Fund is being extended in phases since July 2021 to cover all economies with which Hong Kong has signed Free Trade Agreements and/or IPPAs. The final phase, with the geographical scope to be further extended to Kuwait and the United Arab Emirates, will be implemented in the second quarter of 2022.

Hong Kong Productivity Council (HKPC) as the BUD Fund Implementer regularly organises seminars/webinars in order to enhance enterprises’ understanding of the BUD Fund. For more details of the BUD Fund, please visit its website (https://www.bud.hkpc.org/en) or contact HKPC at 2788 6088.

note 1The 35 economies currently covered under the BUD Fund include 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 the ASEAN (comprising Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam), Georgia, Australia, Japan, Korea, Austria, Belgo-Luxembourg Economic Union, Canada, Denmark, Finland, France, Germany, Italy, Mexico, the Netherlands, Sweden and the United Kingdom.

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