Hong Kong's "New Capital Investor Admission Scheme" has approved more than 40 applications in principle
2024-06-13 01:59:09
The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, Hui Zhengyu, said in response to Members' questions at the Legislative Council meeting yesterday that the "New Capital Investor Entry Scheme" (the new scheme) was launched from March 1 to the end of May. Invest Hong Kong has received more than 3,000 enquiries, mainly from potential applicants and service providers. More than 250 applications have been received and more than 100 applications have been approved for net worth examination, including places such as Europe, the United States and Singapore. The Immigration Department has issued "approval in principle" for more than 40 applications, allowing applicants to make the promised investment in Hong Kong as visitors. If all the applications received are approved, it is expected to bring more than HK $7.50 billion to Hong Kong, enhancing the development advantages of Hong Kong's asset and wealth management industry.
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