Hong Kong Introduces Measures to Support Exports Amid Rising US Tariffs

Government steps up support for enterprises in coping with US tariffs

The Commerce and Economic Development Bureau (CEDB) today (April 10) announced that in view of the reckless tariff imposition by the United States (US), including the further increase in the so-called reciprocal tariffs, the Hong Kong Export Credit Insurance Corporation (ECIC) will introduce a new round of enhanced measures to support the export trade in Hong Kong and help enterprises in expediting expansion into new markets.

The Secretary for Commerce and Economic Development (SCED), Mr Algernon Yau, said, "The US has been repeatedly changing its policies, increasing tariffs within days and imposing the so-called reciprocal tariffs against Hong Kong notwithstanding that we have never implemented any tariffs. It is totally illogical and ungrounded, once again showing the US's bullying act for suppressing its competitors. I call upon the business community to unite and face the challenges together with a view to jointly counteracting the unreasonable coercion of the US. Further to the Policy Address initiative on increasing the maximum indemnity percentage of the ECIC to 95 per cent, the three enhanced measures introduced by the ECIC will help accelerate Hong Kong enterprises' expansion into new and diversified markets."

To support Hong Kong enterprises (especially small and medium enterprises (SMEs)) in coping with the current challenges, the ECIC will, with immediate effect, introduce three enhanced measures, including (1) extend the free pre-shipment cover for holders of the Small Business Policy (SBP) which is tailor-made for the SMEs until June 30, 2026; (2) offer a 50 per cent discount on pre-shipment risks to cover premiums for non-SBP holders; and (3) reduce the premium rates for new markets to be in line with those for traditional major markets to reduce the costs and support exporters in tapping into the ASEAN market.

Since the US's announcement of the so-called reciprocal tariffs last week, the SCED has separately met with the representatives of major local chambers of commerce, SME associations, and representatives of industries that are more affected by the tariffs (including jewellery, textiles and garment, food and aluminium industries) to listen to their views and discuss measures in response to the incident. The CEDB will continue to maintain close liaison with the business community to jointly respond to the unreasonable coercion of the US and provide support to the SMEs through various funding schemes and support measures, including the SME Financing Guarantee Scheme and the Dedicated Fund on Branding, Upgrading and Domestic Sales, etc in managing cash flow, enhancing competitiveness and expanding into more diversified markets.

Government steps up support for enterprises in coping with US tariffs Source: HKSAR Government Press Releases

Government steps up support for enterprises in coping with US tariffs Source: HKSAR Government Press Releases

Government steps up support for enterprises in coping with US tariffs Source: HKSAR Government Press Releases

Government steps up support for enterprises in coping with US tariffs Source: HKSAR Government Press Releases

Schools and tertiary students invited to enrol in Hong Kong Flower Show student drawing competition

The Hong Kong Flower Show 2026, organised by the Leisure and Cultural Services Department, will be held at Victoria Park from March 20 to 29. The Jockey Club Student Drawing Competition, one of the major activities of the flower show, will be held on March 20. Local primary and secondary school students, as well as full-time tertiary students, are welcome to take part in the competition. Applications are free of charge and will remain open until February 3.

The competition will be conducted in five categories: a Junior Section in Primary School (Primary One to Primary Three); a Senior Section in Primary School (Primary Four to Primary Six); a Junior Section in Secondary School (Form One to Form Three); a Senior Section in Secondary School (Form Four to Form Six); and a Tertiary Institution Section. The competition is scheduled from 9am to noon for primary school categories and the Tertiary Institution Section, and from 1.30pm to 4.30pm for secondary school categories on the day.

The competition will feature students' drawings of floral exhibits or garden displays in the showground with a view to enhancing awareness of conserving plants and the natural environment. Participants may use any form of drawing to illustrate the theme of the competition, "A Fragrant Journey through Hong Kong".

For details of the competition, please call 2926 3060/2302 1762 or visit the flower show webpage www.hkflowershow.hk/en/hkfs/2026/drawing.html. Primary and secondary school students should enrol through their schools, while tertiary students are required to enrol individually. Participating schools and entrants of the Tertiary Institution Section should submit applications online on or before February 3.

The upcoming flower show features "A Fragrant Journey through Hong Kong" as its main theme, with the stock as its theme flower. The Hong Kong Jockey Club Charities Trust is supporting the flower show for the 14th consecutive year and has been its major sponsor since 2014.

The Hong Kong FLower Show, Photo source: FB