Session No. 5 File name : cedb(cit)- doc
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- Examination of Estimates of Expenditure 2010-11
Question: The Trade and Industry Department estimates that the targets in processing applications for the SME Loan Guarantee Scheme (SGS), the Special Loan Guarantee Scheme (SpGS), the SME Development Fund (SDF) and the SME Export Marketing Fund (EMF) can be 100% met in 2010. Will the Administration please inform this Committee: (a) can the processing time be further shortened to facilitate SMEs to obtain loans/grants earlier? If yes, what is the extra expenditure so involved? (b) whether the applications under different schemes will be increased in 2010-11? Please provide figures. Asked by: Hon. LAM Kin-fung, Jeffrey Reply: (a) The Trade and Industry Department (TID) regularly reviews its performance pledge. The current pledges for the four funding schemes are considered appropriate taking into account all relevant factors, such as projected caseload and complexity of applications received. For SGS and SpGS, our performance pledge is to complete processing the applications within 3 working days upon receipt of all necessary documents. (b) The number of applications under the funding schemes in 2009 and 2010 are provided below:
* Estimated number of applications up to end June 2010.
Question: The Trade and Industry Department plans to continue to support the development and promotion of Hong Kong brands in 2010-11. What are the specific work and the breakdown of expenditures involved? How does it compare with the past three years (i.e. 2007-08 to 2009-10)? Asked by: Hon. LAM Tai-fai Reply: To cater for the needs of the trade, the Trade and Industry Department (TID) will continue to work closely with the trade in 2010-11 to formulate appropriate measures (such as organizing seminars and workshops) to facilitate the development and promotion of Hong Kong brands in the Mainland and overseas markets. The estimated expenditure is $500,000, similar to that in 2009-10. As TID has taken up the work relating to the development and promotion of Hong Kong brands since the latter half of 2008, the relevant expenditure was only captured from 2009-10 onwards. In 2009-10, TID provided grants of more than $3.4 million under the SME Development Fund to support a number of projects relating to the development and promotion of Hong Kong brands (for example, setting up showrooms in large-scale exhibitions to showcase Hong Kong’s branded products). In 2010-11, we will consider supporting the trade in organising promotion activities for Hong Kong brands as appropriate.
Directory: citb -> doc doc -> Replies to initial written questions raised by Finance Committee Members in examining the Estimates of Expenditure 2012-13 Director of Bureau : Secretary for Commerce and Economic Development Session No. 12 File name : cedb(cit)- doc Download 4.7 Mb. Share with your friends:
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