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The new round of optimization measures for the "Special Fund for Brand Development, Upgrade and Transformation and Expansion of the Domestic Market" and "SME Market Promotion Fund" took influence on January 20, 2020The Trade and Industry Department has launched a new round of optimization measures on the "Special Fund for Brand Development, Upgrading and Transformation and Expansion of the Domestic Market" ("Special Fund") and "SME Marketing Fund" ("Marketing Fund") in 2020. Applications will undoubtedly be accepted from January 20th. The facts of the optimization measures are the following:"BUD Special Fund"<img width="322" src="human design">Expand the geographical scope of the fund to cover all economies that have signed free trade agreements (free trade agreements) with Hong Kong1.Raise the funding ceiling for every company to 4 million yuan, including 2 million yuan for the implementation of projects in the Mainland and 2 million yuan for the implementation of projects in ASEAN along with other free trade agreement economies.Increase http://h of the original funding from 25% of the approved government funding to no more than 75%.Exempt the funded enterprise from opening and maintaining a separate interest-bearing account, and the requirement to deposit equivalent funds in the account before receiving the original funding.All projects (including the ones that choose to apply for the initial grant) can be executed after submitting the application form form.Relax top of the limit of the budget ratio of individual expenditure items (including purchasing/renting additional machinery/equipment, making samples/models, patents/trademarks/designs/utility model patent registrations).Add more projects that may be funded (including setting up home based business units in the Mainland, purchasing/lease of additional machinery/equipment beneath the Mainland plan to increase production capacity, etc.).Note: 1. Including Mainland China, New Zealand, the 4 European Free Trade Association countries (ie Iceland, Liechtenstein, Norway and Switzerland), Chile, Macau, and the 10 countries of the Association of Southeast Asian Nations (ASEAN), Georgia and Australia."Marketing Fund"Increase the cumulative funding ceiling of every SME to 800,000 yuan.Add the option of applying for the initial grant: Companies can apply for the initial grant for export promotion activities they plan to carry out, up to a limit of 75% of the approved government funding.