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Vetting Process

All applications will be vetted by a Programme Management Committee (PMC). The PMC is chaired by a government official and members are drawn from the government, the trade, industrial and professional sectors with expertise or experience in branding, upgrading & restructuring and domestic sales.

The PMC will usually meet every three months. Applications will be considered by the PMC in batches at its meetings. The cut-off dates for different batches of applications will be announced on the website of the BUD Fund:

Applicants will be informed by the BUD Fund Implementer (i.e. the Hong Kong Productivity Council) of the results of their applications after the PMC has made the decision.

Protection of the project data confidentiality

Applicants are suggested to read the details of the Programme Management Committee (PMC) member list as shown in the page of the “Vetting Process” before submission of their application. Applicants are welcome to contact secretariat for assistance if they need to enquire the company information of the PMC members or have any special request on the protection of their projects data confidentiality, please contact the BUD Fund Implementer at 2788 6088 or email to [email protected].

Membership List of the PMC (Update date:24 August 2020 )


Mr. Brian LO Sai Hung, JP (盧世雄)
Director-General of Trade and Industry


Non-official Members

Mr Joe CHAU Kwok-ming (巢國明)

Mr Raymond MAK Ka-chun (麥嘉晉)

Mr Alan CHEUNG Yick-lun, MH (張益麟)

Mr Roy NG (伍俊達)

Mr CHOY Chi-fai (蔡志輝)

Mr PANG Chor-fu (彭楚夫)

Mr Marvin HSU Tsun-fai (徐晉暉)

Mr William SHUM Wai-lam (沈慧林)

Dr Edward LAM Kwok-hung (林國雄)

Mr Benedict SIN Nga-yan (冼雅恩)

Mr Gary LAU Sun-tao (劉燊濤)

Mr Sunny TAN (陳祖恒)

Ms Edith LAW Ho-yan, JP (羅可欣)

Ms Angela YEUNG Pui-yan (楊珮欣)

Ms Michelle LEUNG Oi-pui (梁皚貝)


Ex-officio Members

Representative of Commerce, Industry and Tourism Branch,
Commerce and Economic Development Bureau


Representative of Trade and Industry department


Project Agreement and Accounts

In respect of each approved project, the funded enterprise has to:

  • sign a funding agreement with the BUD Fund Implementer
  • keep separate and clear accounting records for the project;
    submit annual progress report and annual audited accounts (only applicable to projects with duration over 18 months);
  • Submit final report and final audited accounts upon project completion.

List of Approved Projects 

Download list of Approved Project