CIES applications continue to surge after government’s policy changes, monthly application average now at 85. Hong Kong’s Capital Investment Entrant Scheme (CIES) has received 1,257 applications as of May 25. InvestHK anticipates HK$37 billion (US$4.7 billion) in investment commitments from the expanding applicant pool. The program has processed 512 formal approvals for applicants who completed…
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Feb 2, 2025 Hong Kong is rapidly positioning itself as a preferred hub for the establishment of family offices, attracting interest from affluent families across mainland China and Southeast Asia. According to Dennis Chow, Asia-Pacific chairman of Deloitte, the city’s burgeoning capital market activities, especially more listings from regional companies, enhance its appeal. A significant…
Financial Secretary Paul Chan announced at the PWMA Wealth Management Summit 2024 that Hong Kong’s Capital Investment Entrant Scheme (CIES) had attracted 670 applications and over HK$20 billion (US$2.57 billion) since its March relaunch. The program has maintained a growth rate of approximately 74 applications per month since its launch. The monthly application rate, however,…
Three luxury Hong Kong homes changed hands this week for between HK$49.4 million (US$6.36 million) and HK$114 million, an indication that well-heeled buyers have returned to the market for exclusive addresses as interest rates come down. Sebastian Paredes, the CEO of DBS Bank (Hong Kong), paid HK$49.4 million for a 1,249 sq ft, three-bedroom flat…
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