Careful When Using Govt To Promote Masks: Edward Yau

"); jQuery("#212 h3").html("

Related News Programmes

"); });

2020-04-17 HKT 15:37

Share this story

facebook

  • Careful when using govt to promote masks: Edward Yau

Commerce secretary Edward Yau on Friday warned local face mask manufacturers to tread carefully when using a government subsidy scheme to help market their products – saying they may be in breach of the Trade Descriptions Ordinance if they give consumers inaccurate information.

So far, the government has approved 13 local production lines for its Local Mask Production Subsidy Scheme – which provides subsidies of up to HK$3 million to firms that can manufacture masks here in Hong Kong for government use.

The subsidies are to help cover the costs of equipment and setting up the production lines, along with any expenditure over testing and standards compliance issues.

Approved firms are required to give a specified number of masks to the government at a set date each month before they can sell any extras to the public.

However, one of the suppliers have been found to have already been selling masks in the open market, even though it has yet to sign a formal contract with the government, or give the administration a single mask.

On the package of the masks, the firm states that they are the first to produce masks for the government.

But Yau said any firms involved in the programme must be very careful when making claims about their product.

“I would urge any of this sort of company be very cautious in promoting themselves through the scheme because that would create a lot of misunderstanding to the consumer market”, he said.

Yau added that the government would only sign contracts with these suppliers after their masks are certified to be safe after passing the relevant tests.

“All products, in particular, surgical masks, when they are being sold in Hong Kong they have to fulfill the Trade Descriptions Ordinance and the Consumer Products Safety Ordinance. These are the prerequisites, irrespective of whether they are produced in Hong Kong or under any sort of scheme. They need to be subject to these consumer protections.”

The government scheme will only subsidise seven more production lines in addition to the 13 already approved.

The Hong Kong Productivity Council says there are still 26 applications involving 33 production lines which meet all the eligibility criteria of the scheme.

A government spokesman said these remaining applications will be processed as soon as possible.

RECENT NEWS

Why Financial Crime Keeps Rising, Even After $200 Billion In Compliance Costs

Despite spending over $200 billion globally on compliance, financial crime continues to surge. AI, deepfakes, and scam ... Read more

Cathay United Bank Launches First Private Banking Operations At Taiwans New Asset Management Hub

Taiwan has launched a new Asset Management Hub in Kaohsiung, aimed at accelerating the development of onshore private b... Read more

OCBC Hong Kong To Launch Serial Entrepreneur Financing By End-2025

OCBC Hong Kong has announced a new financing initiative by OCBC Group aimed at supporting serial entrepreneurs in Hong ... Read more

Hex Trust CEO Joins Hong Kongs Web3 Task Force

Alessio Quaglini, CEO and Co-founder of Hex Trust, has been appointed as a non-official member of the Hong Kong SAR Gov... Read more

E-Wallets Vs Digital Banks: Whats The Winning Fintech Model In Southeast Asia?

At Money20/20 Asia, we sat down with Jaykie Tan, Head of Business Development APAC at Mambu, and Cecilia Tan, Regional ... Read more

Hong Kong Introduces Anti-Scam Charter 3.0 To Tackle Online Financial Fraud

The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA), and... Read more