SUCCESS Activities

The counter service of SUCCESS has been resumed.  Meanwhile, webinars, Customer Hotline (Tel.: (852) 2398 5133) and Email Enquiry (success@tid.gov.hk) continue to be operated as usual.  On the other hand, in order to minimise the risk of COVID-19 spreading in the community, SUCCESS has suspended "Video Show of SME Seminars" for the public until further notice.

SUCCESS Seminar

Webinar “Hong Kong’s Export Outlook and Supports for Exporters”
(This webinar will be live-streamed on 29 July 2022)

With the complicated international situation, rising inflation, tightening monetary policy, and persisting pandemic, the economic and trade performance of Hong Kong and many other economies are greatly affected, the credit risk faced by exporters has also increased.  In this webinar, expert will share an insight on Hong Kong’s 2022 mid-year export performance.  A representative from the Hong Kong Export Credit Insurance Corporation is also invited to introduce their services and supportive measures provided to exporters, and answer some frequently asked questions, with a view to assisting enterprises to seize the business opportunities and expand business.  (This webinar will be conducted in Cantonese.)

More Details
 

Trade and Industry Department / SUCCESS-supported Activities

5G Symposium: 5G’s Role for Tomorrow’s Smart City and Living
(This symposium will be held on 29 July 2022 at Hong Kong Science Park)

This symposium is organised by the Federation of Hong Kong Industries.  SUCCESS is one of the supporting organisations.  In this symposium, speakers will share the challenges and business opportunities for the Hong Kong electronics industry in the 5G era.  (This symposium will be conducted in Cantonese.)

More Details
 

SME ReachOut "Get FUND with ease" Webinar Series: BUD Form-filling Workshop with Application Tactics
(This webinar will be live-streamed on 11 August 2022)

In this webinar, SME ReachOut will share the application tips, form-filling tactics and sharing of successful cases of Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fund) under the newly introduced “Get FUND with ease” webinar series.  This webinar aims to assist enterprises to grasp the essentials of BUD Fund application, save efforts when preparing funding application, with a view to expanding their business overseas.  (This webinar will be conducted in Cantonese.)

More Details

Course "Metaverse Series: Blockchain Technologies and Applications"
(This course will be held on 28 September 2022 at Hong Kong Productivity Council)

This course is offered by the Hong Kong Productivity Council.  SUCCESS is one of the supporting organisations.  This course will introduce the blockchain technology and its latest market trend, including NFT (Non-fungible token), DApp (Decentralized Application) and DeFi (Decentralized Finance), etc.  Relevant business cases will also be shared in the course.  (Admission fee is required.  This course will be conducted in Cantonese.)

More Details

2022 Guangdong/Hong Kong Seminar on Intellectual Property and Development of Small and Medium Enterprises (Online)

(This webinar will be live-streamed on 12 August 2022)

This webinar is jointly organised by the Intellectual Property Department of the Government of Hong Kong Special Administrative Region, the Hong Kong Trade Development Council and the Guangdong Administration for Market Regulation (Guangdong Intellectual Property Administration).  Under the theme of "Promote the Development of Qianhai Shenzhen-Hong Kong Modern Service Industry and the Greater Bay Area through IP Trading", the webinar aims to assist SMEs in Guangdong Province and Hong Kong to formulate effective intellectual property (IP) strategies to strengthen their IP protection and management capacity (such as IP commercialisation) with a view to better leveraging the opportunities brought about by the development of the Guangdong-Hong Kong-Macao Greater Bay Area to promote their innovative development and enhance their competitiveness in the international markets.  (This webinar will be conducted in Putonghua.)

More Details (in Chinese only)
 

Further 90-day repayment deferment to end-October 2022 for trade facilities under the Pre-approved Principal Payment Holiday Scheme (the Scheme)

The Hong Kong Monetary Authority (HKMA), together with the Banking Sector SME Lending Coordination Mechanism (the Mechanism), announced on 19 July 2022 a further 90-day repayment deferment for trade facilities under the Scheme until the end of October 2022, when the whole Scheme will expire.  The HKMA and the Mechanism will then conduct a holistic review and decide on the way forward for the whole Scheme.

Corporate customers participating in the repayment deferment for trade facilities under the Scheme can extend trade facilities falling due between August and October 2022 for a further 90 days.  Eligible corporate customers can also apply for a 90-day extension of trade facilities drawn down from May 2022 to the end of July 2022.  For facilities which are self-liquidating in nature, banks may require the loan to be settled when the customer has received the underlying payment.  For trade loans which have been successively extended for 270 days or more since first being drawn down, banks may adopt a flexible approach and consider whether other forms of relief are more suitable to help the customers ride out the current difficulties on a case-by-case basis, subject to prudent risk management principles.

The Mechanism encourages customers that are financially capable and willing to resume some principal repayment in exchange for greater certainty to their future repayment schedule to take up the partial principal repayment option pursuant to the HKMA’s guidance of 23 February 2022.  For trade facilities, banks may discuss with customers having regard to their actual circumstances and allow them to repay the amount due by regular instalments over a period of two years.

For enquiries about the Scheme, please contact the HKMA via the dedicated email account (ppphs@hkma.gov.hk) or enquiry hotline (2878 1199).  For relevant press release, please visit https://www.hkma.gov.hk/eng/news-and-media/press-releases/2022/07/20220719-5/.

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

More Details
 

SME ReachOut

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

The Trade and Industry Department (TID) has rolled out an enhancement to the BUD Fund on 27 June 2022.

To further support enterprises in making use of the better protection afforded by Investment Promotion and Protection Agreements (IPPAs) to develop more diversified markets, the geographical scope of the BUD Fund has been extended with an addition of two economies with which Hong Kong has signed IPPAs, namely Kuwait and the United Arab Emirates.

The geographical scope of the BUD Fund has been extended, in three phases since July 2021, from 20 economies with which Hong Kong has signed Free Trade Agreements (FTAs) to cover 37 economies1 with which Hong Kong has signed FTAs and/or IPPAs.

The Hong Kong Productivity Council (HKPC) as the BUD Fund implementation partner 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 the HKPC at 2788 6088.
 

1Besides the two newly added economies of Kuwait and the United Arab Emirates, the other 35 economies covered under the BUD Fund are 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 Association of Southeast Asian Nations (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.
 

Corruption Prevention Advisory Service (CPAS) of ICAC