Support and Consultation Centre for SMEs
Thank you for your subscription to the E-newsletters and E-mail Alerts of the Support and Consultation Centre for SMEs (SUCCESS).  If you cannot read this E-newsletter, please click here.  For the privacy policy of SUCCESS, please click here.

 

SUCCESS
E-newsletter
22 February 2023

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 contact SUCCESS.

Our website: https://www.success.tid.gov.hk/en_landing.html
Our email: success@tid.gov.hk
Our customer hotline:(852)2398 5133
(Service hours of hotline and counters: Monday to Friday 8:45 a.m.-12:30 p.m. & 1:30 p.m.-5:45 p.m., other than public holidays)

More Details

"Four-in-One" Integrated Services of SMEs Centres

To strengthen support for SMEs and to raise SMEs' awareness of the various funding schemes and support services, the TID consolidated the services of the existing four SMEs centres, namely, the "SUCCESS" under the TID, the "SME Centre" under the Hong Kong Trade Development Council (HKTDC), the "SME One" under the Hong Kong Productivity Council (HKPC) and the "TecONE" under the Hong Kong Science and Technology Parks Corporation (HKSTP), in October 2019 to provide one-stop "Four-in-One" integrated services for SMEs.  Enterprises can obtain business information, funding schemes information and advisory services, etc. at any of the Centres.  In addition, a web portal called "SME Link" is also established for SMEs to access comprehensive information and support services from a single online platform.

The SME Link website: https://www.smelink.gov.hk/en/web/sme-portal/home.html

Events & Activities of the SME Link

The "Events & Activities" of the SME Link facilitates enterprises to obtain information on activities organised by the four SMEs centres and various Government departments, including seminars, workshops, exhibitions, conferences, training courses, etc., from a single platform, and also provides relevant links to facilitate registration.

The "Events & Activities" of the SME Link: https://www.smelink.gov.hk/en/web/sme-portal/events-activities.html

 

What's New

2023-24 Budget Speech

The Financial Secretary, Mr. Paul Chan, delivered the 2023-24 Budget Speech themed "Leaping Forward Steadily, Together We Bolster Prosperity under Our New Vision" on 22 February 2023.

More Details
 

SUCCESS Activities

"Proper Management of Intellectual Property for Upgrading and Transformation" (Seminar)

(This seminar will be held by SUCCESS on 9 March 2023 at Trade and Industry Tower)

Intellectual Property (IP) can be as valuable as tangible assets.  How can SMEs grasp the opportunities brought by IP to achieve upgrading and transformation?  In this seminar, an IP expert will explain the relationship between IP and business upgrading and transformation, including the role and significance of IP, ways of capitalising on IP to reflect brand values, as well as factors to consider before exploring new markets.  Expert will also share difficulties frequently encountered by enterprises when applying for IP registrations and answer questions in the Q&A session, with a view to assisting SMEs in building, managing and leveraging IP strategically for branding and upgrading.  (This seminar will be conducted in Cantonese.)

More Details
 

BAS Casebook

"Meet-the-Advisors" Business Advisory Service (BAS) of SUCCESS arranges free consultation sessions for SMEs.  SMEs can ask BAS Advisors in 25 advisory areas, including setting up business, corporate strategy, intellectual property and legal matters, for general business advice on questions relating to the starting and running of a business.

To benefit more SMEs through readily available practical tips in tackling difficulties frequently encountered by SMEs in starting and running of their businesses, SUCCESS has featured and compiled a BAS Casebook (currently available in Chinese only) containing guidance of BAS Advisors provided for SME operators over the years.  The BAS Casebook covers individual applicants' difficulties and questions, as well as BAS Advisors' professional advice and conclusive remarks on the lessons learned from the cases.

SUCCESS has lately published thirteen new cases to the BAS Casebook on the SUCCESS website, covering the areas of "Marketing and Corporate Strategy", "Company Structure, Accounts Management and Taxation", "Intellectual Property Rights", "Electronic Commerce", "China Trade" and "Legal Matter".

More Details (in Chinese only)
 

HKSAR Government continues to refine regime against cross-border tax avoidance

The Hong Kong Special Administrative Region (HKSAR) Government welcomed the European Union (EU)'s positive feedback on 14 February 2023 on the efforts made by Hong Kong in putting in place a new foreign-sourced income exemption (FSIE) regime with effect from 1 January 2023.

At the same time, the HKSAR Government will continue to refine the FSIE regime with regard to foreign-sourced disposal gain in relation to assets other than shares or equity interests in the light of the EU's recent update to its Guidance on Foreign Source Income Exemption Regimes.

In response to the EU's inclusion of Hong Kong in its watchlist on tax co-operation in 2021, the HKSAR Government enacted the Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Ordinance 2022 in December 2022 to put in place a new FSIE regime for foreign-sourced dividend, interest, intellectual property income and disposal gain in relation to shares or equity interests received in Hong Kong.  This regime has come into effect on 1 January 2023.  It seeks to address possible exploitation of Hong Kong's tax arrangement by multinational enterprise entities (MNE entities) without substantial economic substance in Hong Kong to bring about 'double non-taxation' of such income.  The EU welcomes this positive development and confirms that Hong Kong's FSIE regime is fully in compliance with its Guidance on FSIE Regimes originally published in 2019 with regard to dividend, interest and intellectual property income.

In December 2022, the EU promulgated another Guidance, explicitly requiring capital gains, as a general class of income covered by an FSIE regime, to be subject to the economic substance requirement.  Jurisdictions with ongoing FSIE reforms, such as Hong Kong, will therefore be kept in the watchlist by the EU until necessary legislative amendments are made by these jurisdictions with regard to the treatment of foreign-sourced capital gains by the end of 2023 for implementation with effect from January 2024.

From time to time, the EU issues or updates its guidance on different aspects of tax issues.  It has all along been Hong Kong's position that if and when new or updated guidance is formally promulgated by the EU and consistently applied to all relevant jurisdictions for implementation at the same timing, Hong Kong will stand ready to explore further legislative amendments and consult stakeholders with a view to demonstrating that Hong Kong is a co-operative player in international taxation while safeguarding Hong Kong's tax competitiveness.  The retention of Hong Kong on the watchlist will not result in any adverse impact on Hong Kong enterprises.

In formulating the refined FSIE regime, Hong Kong will observe several key principles, i.e. the territorial source principle of taxation will be maintained, while due regard will be given to Hong Kong's tax competitiveness and minimisation of the compliance burden.  Under the to-be-formulated refined regime, foreign-sourced capital gains in relation to assets, regardless of their financial or non-financial nature, received by MNE entities in Hong Kong will remain exempt from tax provided that the economic substance requirement is complied with.  Individuals, standalone local companies and purely local groups will not be affected.

The HKSAR Government has already communicated with the EU to ascertain the specific requirements entailed by the Updated Guidance and explore options to refine the FSIE regime with regard to the treatment of foreign-sourced capital gains.  The Government will conduct a consultation exercise to seek stakeholders' comments on the proposed refinements to the FSIE regime and will request the EU to swiftly remove Hong Kong from the watchlist after making the necessary legislative amendments.

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/15/P2023021500462.htm.
 

Two new measures to enhance food business licensing regime

A spokesman for the Food and Environmental Hygiene Department (FEHD) announced on 17 February 2023 that starting from 1 March 2023, the FEHD will implement two measures to enhance the licensing system for the food business, including the introduction of a "Professional Certification System" (PCS) as an additional option for applicants in obtaining full licences, and extensive relaxation of the existing restrictions on food items sold by light refreshment restaurants (LRRs).  The aim of the measures is to benefit food business operators and customers without compromising food safety and environmental hygiene.

According to the Food Business Regulation (Cap. 132X), any person who intends to carry on a food business is required to obtain a relevant food business licence issued by the FEHD.  With a view to streamlining application procedures and shortening processing times, as well as facilitating compliance with the licensing requirements, the FEHD is introducing the PCS which will adopt an approach of "licence first, inspection later" for the issue of full licences.  Under the new PCS, the FEHD will accept a Certificate of Compliance and final layout plans provided by an authorised person or a registered structural engineer as the certification for compliance with all health requirements for the issue of a full licence.  After issuing the full licence, the FEHD staff will conduct on-site audit checks to confirm premises' compliance with all health requirements.  This enhancement measure will first be applicable to LRRs and food factories (FFs).  Applicants of LRR and FF licences are free to choose between the current system (i.e. to issue a full licence upon the completion of the final on-site check by an FEHD officer) or the new PCS for the application of full licences.  Subject to the smooth implementation of the PCS and support from the trade, the FEHD will consider extending the new measure to other food business licences.

Meanwhile, under the prevailing LRR licensing regime, licensees may only choose to sell food from one of the six specified groups of food items (please refer to the lists at https://www.fehd.gov.hk/english/howtoseries/forms/new/Specified_Snack_List.pdf).  Given that the types of cuisine and cooking methods have become more diversified over the years, the FEHD has decided to relax the restrictions on the scope of food items that can be sold at LRRs on the premise that food safety and environmental hygiene would not be compromised.  Restrictions will be imposed on the cooking methods instead.  Under the new regulatory regime, an LRR can basically sell any food item.  As LRRs are generally small in scale and use simple cooking equipment, they are only allowed to adopt simple cooking methods (e.g. boiling, stewing, steaming, braising and simple frying) that do not generate a large amount of greasy fumes during food preparation.  Also, no cooking or food re-heating activities (e.g. hotpots, teppanyaki or Korean style barbeques) are allowed in the seating area.

The above-mentioned initiative will apply to all LRR licences applied after 1 March 2023.  Current LRR licensees/applicants may choose to adhere to the original mode of operation, i.e. selling food items of a specified group, or they may apply to the FEHD for an amendment to the specified groups of food items on their existing licences.

For details of the PCS and the relaxation of the restrictions on food items sold by LRRs, please visit the FEHD website (https://www.fehd.gov.hk/english/index.html).

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/17/P2023021700629.htm.
 

Signing of co-operation framework agreement between Hong Kong and Dongguan

The Airport Authority Hong Kong (AAHK) and the Dongguan Municipal People's Government on 16 February 2023 signed a co-operation framework agreement (CFA) to implement and foster the long-term development of the "sea-air intermodal cargo transshipment" mode between the two cities.

Under the "sea-air intermodal cargo transshipment" mode, the AAHK will set up an upstream Hong Kong International Airport (HKIA) logistics park in Dongguan and a new airside intermodal cargo pier within the restricted area of HKIA.  Export cargo from the Mainland can go through security screening, palletisation and cargo acceptance in advance in the upstream logistics park, and then be transported seamlessly by sea in compliance with Hong Kong's air cargo security regulations and under secured conveyance to the cargo pier on the airside of HKIA for direct transshipment to overseas destinations, without repeating the screening procedures.  Cargo from overseas may also be imported into the Mainland via Hong Kong through the reverse process.  A pilot scheme was launched in end-2021 and has been operating smoothly.

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/16/P2023021600451.htm.
 

Additional facilitation measures to assist cross-boundary vehicles stranded in Mainland or Macao to return to Hong Kong for vehicle examination

The Transport Department (TD) announced on 17 February 2023 that additional measures will be implemented from 1 to 31 March 2023 to further enable cross-boundary vehicles with expired Hong Kong vehicle licences and stranded in the Mainland or Macao, to return to the pre-booked designated car testing centre in Hong Kong directly on a specified date for vehicle examinations in order to renew their Hong Kong vehicle licences.

The additional facilitation measures will allow the eligible cross-boundary vehicles to return to Hong Kong on a specific date through a designated route via the Hong Kong-Zhuhai-Macao Bridge (HZMB) to a pre-booked designated car testing centre for vehicle examination and completion of subsequent licensing renewal procedures.  Under the additional measures, vehicle owners must confirm that the vehicle should be roadworthy for road safety concern in their applications.

Eligible vehicle owners are required to submit application forms to the TD two weeks in advance of the planned date of return with the following documents: 

  • Copy of Mainland approval notice
  • Copy of Hong Kong vehicle registration document
  • Copies of the designated driver/reserve driver's identity document and valid Hong Kong Full Driving Licence
  • Copy of Hong Kong third party risk insurance/cover note valid on the day of return
  • Copy of Mainland compulsory traffic accident liability insurance/Macao statutory vehicle insurance for motor vehicles valid on the day of return
  • Booking record of the service at vehicle examination centre
  • Declaration on vehicle performance
An approval letter will be issued to successful applicants.  The approved vehicle shall be driven by the driver on a specified date through a specified route via the HZMB port to the pre-booked designated car testing centre in Hong Kong for vehicle examination as stipulated in the approval letter.  There is a daily limit set for the number of vehicles to return to Hong Kong.  The TD urged applicants to submit their applications as early as possible.  The TD will publish in the Gazette a notice to exempt the cross-boundary vehicles approved to return to Hong Kong on a specified date from the regulations on vehicle registration and licensing.

Eligible vehicle owners may submit their applications to the TD in person or by agent through drop-in box, by email or by post two weeks in advance of the planned date of return.  The TD will receive applications starting from 1 March 2023 and the application procedures and details will be announced at the TD's website (https://www.td.gov.hk/en/home/index.html) later.

In the meantime, the existing facilitation measure, which allows eligible cross-boundary vehicles stranded in the Mainland or Macao to be driven back to Hong Kong on a specified date via the HZMB port through a designated route to a designated car park/location in HZMB Hong Kong Port for parking, has been extended to 30 June 2023.  The vehicle may then be transferred via a self-arranged towing service to a designated vehicle examination centre for vehicle examination prior to their arrangement for vehicle licence renewal.  This existing facilitation measure and the additional facilitation measures announced on 17 February 2023 will be in force in parallel, with a view to allowing more eligible cross-boundary vehicles to return to Hong Kong for vehicle examination.

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/17/P2023021700188.htm.
 

TD strengthens assistance to taxi trade and vehicle owners in applying for HKeToll

The TD announced on 17 February 2023 that in order to strengthen assistance to the taxi trade in applying for HKeToll services, starting from 20 February 2023, in addition to the four customer service centres run by the toll service provider, the TD has set up two dedicated service counters at the Rumsey Street and Tsuen Wan Government multi-storey car parks to handle the applications for vehicle tags and driver cards for the taxi trade.  The service hours are from 10am to 9pm daily.

Taxi owners and drivers can make reservations on the HKeToll website, https://www.hketoll.gov.hk/Landing, or mobile app from 18 February 2023.  Taxi owners and drivers who have made reservations can go to the four customer service centres or two new dedicated service counters to process applications for vehicle tags and driver cards.  Dedicated service counters will also teach taxi drivers how to split tunnel tolls using the HKeToll app.  The toll service provider has also sent ambassadors to nine dedicated liquified petroleum gas (LPG) stations in the territory to assist taxi owners and drivers in making reservations.  Details of the dedicated service counters and LPG stations are set out at Annex 1.

To avoid confusion and to minimise waiting times, the dedicated service counters will only provide services to taxi owners and drivers who have made an appointment.  The TD appeals to the taxi trade to make use of the reservation service as far as possible.  One hour of free parking will be provided to reservation holders who drive to the dedicated service counters.

In addition, the TD has been sending letters to some 800 000 vehicle owners in Hong Kong from 17 to 24 February 2023 to inform them of their current e-contact means (email address or Hong Kong mobile phone number) currently registered with the TD.  A sample of the envelope and letter is shown at Annex 2.

The Tsing Sha Control Area (Eagle's Nest Tunnel, Sha Tin Heights Tunnel and Tai Wai Tunnel) will implement the HKeToll starting from 5am on 7 May 2023.  As of 16 February 2023, more than 460 000 vehicle tags were issued.

Starting from 24 February 2023, TD will also set up a total of 34 consultation counters in the territory to assist vehicle owners in applying for HKeToll services, including applying for a vehicle tag, opening an HKeToll account, associating a vehicle to the account and setting up a payment means.  The service hours of 25 consultation counters at MTR stations will be from 9am to 9pm daily, while the service hours of the nine consultation counters located in the New Territories at the Home Affairs Department will be from 9am to 7pm from Mondays to Fridays (except public holidays).  Details of the consultation counters are at the Annex.

For relevant press releases, please visit https://www.info.gov.hk/gia/general/202302/17/P2023021700332.htm and https://www.info.gov.hk/gia/general/202302/21/P2023022100372.htm.
 

Qualifying standards for environment-friendly commercial vehicles to remain unchanged from April 2023 to March 2024

The Environmental Protection Department (EPD) announced on 20 February 2023 that the qualifying standards (QS), first registration tax (FRT) concession rates and their concession caps for environment-friendly commercial vehicles (EFCV) would remain unchanged for the period from 1 April 2023 to 31 March 2024, inclusive.

To improve roadside air quality and safeguard public health, the Government has been offering tax incentives since 1 April 2008, to encourage commercial vehicle owners to choose EFCVs with exhaust emissions that outperform the prevailing statutory emission standards.  The EPD reviews the QS of EFCV models annually in the light of vehicle technological advancement, market availability and the prevailing statutory emission standards for the first registered vehicles.

The EPD regularly updates the list of EFCV models as new models enter the local market.  Details of the tax concession scheme for EFCVs are available at https://www.epd.gov.hk/epd/english/environmentinhk/air/prob_solutions/environment_friendly_commercial_vehicles.html.

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/20/P2023022000274.htm.
 

First phase of Hong Kong-Asian Film Collaboration Funding Scheme opens for application from 10 February to 30 June 2023

The first phase of the Hong Kong-Asian Film Collaboration Funding Scheme under the Film Development Fund is open for applications from 10 February to 30 June 2023.  The Scheme aims to provide funding to film projects co-produced with filmmakers from Asian countries to produce films which are rich in Hong Kong and Asian cultures, enabling Hong Kong films to go global, as well as achieving in-depth exchanges and mutual learning.

The Scheme will be launched in two phases and a maximum of eight film projects will be funded.  Each approved film project will receive a grant up to $9 million.

Details of the Scheme and the relevant application form are available on the website of the Hong Kong Film Development Council (https://www.fdc.gov.hk/en/hkafcfs).

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/10/P2023020900241.htm.
 

Mainland authorities implementing "exit endorsement for talents" on a pilot basis with effect from 20 February 2023

The HKSAR Government welcomed the announcement by the Mainland authorities that the exit endorsement for talents travelling to and from Hong Kong and Macao will be implemented in the Mainland cities of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) on a pilot basis starting from 20 February 2023, with a view to facilitating GBA Mainland talents to travel southbound to Hong Kong for exchanges and visits in the fields of scientific research, education, healthcare, law and business, etc.

Under the new measure, six categories of talents (i.e. outstanding talents, scientific research talents, education talents, healthcare talents, legal talents and other talents) who meet the eligibility criteria set by the Mainland authorities can apply to the Mainland authorities for the exit endorsement for talents with a validity period of five years, three years or one year, and travel to and from Hong Kong multiple times within the validity period of the exit endorsement.  They can stay in Hong Kong for not exceeding 30 days during each visit.  Compared with the current seven-day period of stay for the exit endorsement for business visits, the exit endorsement for talents will greatly facilitate eligible high-end talents visiting Hong Kong.  If the holders of the exit endorsement for talents also meet the criteria for the "Pilot Scheme on Immigration Facilitation for Visitors Participating in Short-term Activities in Designated Sectors" as expanded by the HKSAR Government earlier on 1 February 2023, they may also come to Hong Kong to participate in designated short-term activities as visitors without the need to apply for employment entry permits.

Launching the exit endorsement for talents alongside the full resumption of normal travel between Hong Kong and the Mainland will help promote the interaction of talents within the GBA, creating stronger impetus for growth for Hong Kong and the entire GBA as well as achieving a win-win situation.

According to the prevailing arrangement, Mainland residents visiting Hong Kong must hold a valid Exit-entry Permit for Travelling to and from Hong Kong and Macao (EEP, commonly known as "Two-way Permit") with the relevant exit endorsement for travelling to Hong Kong.  The application, approval and issuance of EEP and exit endorsement are within the remit of the Mainland authorities.  As a solid result of taking forward the GBA development, the new measure facilitates Hong Kong's further integration into the national development and bringing together talents for exchanges in Hong Kong.  The HKSAR Government will continue to maintain close liaison with the Mainland authorities with a view to further enhancing talent exchanges and interactions in the GBA on this good basis.

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/09/P2023020900699.htm.
 

Toys and Children's Products Safety Ordinance (Amendment of Schedule 2) Notice 2023 gazetted

The Government published in the Gazette the Toys and Children's Products Safety Ordinance (Amendment of Schedule 2) Notice 2023 on 17 February 2023.  The Notice seeks to update the safety standards for four classes of children's products listed in Schedule 2 (Schedule 2 products) under the Toys and Children's Products Safety Ordinance (Cap. 424).

The four classes of Schedule 2 products are "bunk beds for domestic use", "child safety barriers for domestic use", "children's high chairs and multi-purpose high chairs for domestic use" and "wheeled child conveyances".  The Notice will take effect on 1 August 2023.

The Ordinance stipulates that a person must not manufacture, import or supply a Schedule 2 product unless it complies with all the applicable requirements contained in at least one set of the safety standards specified in Schedule 2.  These standards are international standards or standards adopted by major economies.  The Government keeps in view updates or amendments to the safety standards made by the standardisation bodies concerned and, as a regular exercise, applies up-to-date, operative versions to products supplied in Hong Kong.  The last update commenced operation in September 2022.

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/17/P2023021700189.htm.
 

Commencement notice for Copyright (Amendment) Ordinance 2022 and related code of practice gazetted

The Government published in the Gazette the Copyright (Amendment) Ordinance 2022 (Commencement) Notice (the Commencement Notice) on 17 February 2023.  The Copyright (Amendment) Ordinance 2022 (the Amendment Ordinance) will come into operation on 1 May 2023.

The Amendment Ordinance updates the Copyright Ordinance (Cap. 528) to strengthen copyright protection in the digital environment, including introducing an exclusive technology-neutral communication right for copyright owners and criminal sanctions against infringements of the concerned new right, a "safe harbour" regime for incentivising online service providers (OSPs) to co-operate with copyright owners in combating online piracy, and several new and expanded copyright exceptions (including allowing the use of copyright works in certain common Internet activities, and facilitating online learning and the operation of libraries, museums and archives) to maintain an appropriate balance between copyright protection and reasonable use of copyright works.

The Commencement Notice has been tabled at the Legislative Council for negative vetting on 22 February 2023.

To tie in with the operation of the "safe harbour" regime under the Amendment Ordinance, the Government also gazetted on 17 February 2023 the code of practice which provides practical guidance of the relevant practices and procedures that OSPs may adopt upon being notified of online piracy on their service platforms in accordance with the "safe harbour" regime under the Amendment Ordinance.

The Government will launch a series of publicity and educational activities to enhance awareness and understanding of the Amendment Ordinance amongst various stakeholders and the general public.  These include providing relevant information on the Amendment Ordinance on the website of the Intellectual Property Department (https://www.ipd.gov.hk/en/home/index.html), distributing promotional leaflets, conducting briefings targeting different stakeholders and launching Announcements in the Public Interest through electronic media.

Upon commencement of the Amendment Ordinance, the Customs and Excise Department (C&ED) will continue to step up inspections and enforcement in co-operation with copyright owners.  Depending on the circumstances and evidence of individual cases, the C&ED will take enforcement actions in accordance with the Copyright Ordinance as amended to further combat online piracy.

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/17/P2023021700191.htm.
 

Public may download local COVID-19 records compatible with EU Digital COVID Certificate mechanism from 7 March 2023

The Government announced on 21 February 2023 that, starting from 7 March 2023, members of the public can download local vaccination, testing or recovery records compatible with the EU Digital COVID Certificate (EU DCC) mechanism for outbound travel purposes via the COVID-19 Electronic Vaccination and Testing Record System (eVT) or the "iAM Smart" mobile application.  A Government spokesperson reminded members of the public to ascertain the latest immigration requirements of their destinations, including those for vaccination or testing, before departure.

The EU DCC mechanism is recognised and is in common use across 27 EU member states and some 50 participating countries and territories (listed in Annex).  Upon completion of technical onboarding, the EU announced on 21 February 2023 the inclusion of records issued by Hong Kong in specified formats in the EU DCC mechanism.  Vaccination, testing or recovery records issued by Hong Kong in specified formats are recognised by EU member states as well as participating countries and territories of the EU DCC mechanism.  Holders can present the records in an electronic format or have the electronic records printed in a paper format for travelling purposes.

Starting from 7 March 2023, members of the public who hold valid local vaccination, paid testing or recovery records can download relevant EU DCC mechanism-compatible records via the eVT by inputting their identity document number and other data required by the system.  They can also download the relevant records after identity confirmation through the "iAM Smart" mobile application.  Details of the downloading procedures will be available on the eVT website.

For relevant press release, please visit https://www.info.gov.hk/gia/general/202302/21/P2023022100292.htm.

 

Topical Issues

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.

More Details
 

SME ReachOut

Amid difficult business environment, HKPC knows SMEs are in the urgent need of cash to keep business running.  The "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 further information or enquiries, please contact "SME ReachOut" Hotline / WhatsApp (Text Message Only) at 2788 6868 or email by sme_reachout@hkpc.org or visit https://www.hkpc.org/en/support-resource/sme-one/sme-reachout.

 

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

The TID rolled out enhancements to the BUD Fund on 7 November 2022.

The cumulative funding ceiling per enterprise of the BUD Fund has been raised from $6 million to $7 million and the maximum number of approved projects per enterprise has been increased from 60 to 70.

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 (www.bud.hkpc.org/en) or contact the HKPC at 2788 6088.

Upcoming event for March 2023 is as follows:

 Date  Theme of Seminar
 6 March 2023  Seminar on the BUD Fund

More Details (in Chinese only)

You are welcomed to join the seminar.


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/EN/) 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 – Regional IP Trading Centre": https://ip.gov.hk/en/home/consultation-service/index.html.

 

 

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 TID 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

   
   
About Us | Membership | Disclaimer | Contact Us
Copyright © 2005 Trade and Industry Department, the Hong Kong Special Administrative Region Government.  All Rights Reserved.
 
Please do not reply to this email.  For enquiries, please contact SUCCESS at tel: 2398 5133, fax: 2737 2377, e-mail: success@tid.gov.hk or counter: Room 1301, 13/F, Trade and Industry Tower, 3 Concorde Road, Kowloon City, Hong Kong.

If you do not wish to receive SUCCESS e-newsletter and e-mail alerts, simply send us an e-mail at success@tid.gov.hk with the subject of "Cancel E-newsletter/E-mail Alert Subscription".