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Deputy CS to visit GZ, Macau

Deputy Chief Secretary Cheuk Wing-hing will leave Hong Kong on a two-day visit to Guangzhou and Macau this afternoon.   He will meet with Guangdong Provincial Government and Guangzhou Municipal Government leaders, besides attending the signing ceremony for an agreement on civil service staff exchange and collaboration in the Greater Bay Area.   This afternoon, Mr Cheuk will first of all meet with Guangdong Provincial Government leaders to discuss issues of mutual concern and strengthen exchange and co-operation on various fronts. He will then join Secretary for the Civil Service Ingrid Yeung to attend the abovementioned signing ceremony.   In the evening, he will attend the opening ceremony of the third Guangdong-Hong Kong-Macao Greater Bay Area Culture & Arts Festival.   Along with Secretary for Labour & Welfare Chris Sun, Mr Cheuk will tomorrow morning attend a welcome ceremony for young people employed under the Greater Bay Area Youth Employment Scheme, before meetin
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Business fund upgraded

The Trade & Industry Department today announced enhancement measures for the Dedicated Fund on Branding, Upgrading & Domestic Sales (BUD Fund) in support of enterprises’ business development to be rolled out in three phases from tomorrow.   The BUD Fund’s geographical scope will be broadened progressively from 20 economies with which Hong Kong has signed Free Trade Agreements to 37 economies with which Hong Kong has signed Free Trade Agreements and/or Investment Promotion & Protection Agreements.   In the first phase starting tomorrow, the BUD Fund will additionally cover Japan and Korea, and the cumulative funding ceiling per enterprise will be increased from $4 million to $6 million.   The department noted that the enhancements will further help enterprises develop more diversified markets by utilising the better investment protection under the Investment Promotion & Protection Agreements. More funding support will also be provided for enterprises to capture the business opportunities brought about by the country’s dual circulation development strategy.   Call the fund's secretariat at 2788 6088 for enquiries.
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