Hong Kong’s investment-for-residency scheme yields HK$16.5 billion over 14 months

Hong Kong’s investment-for-residency scheme yields HK$16.5 billion over 14 months

Hong Kong’s cash-for-residency scheme has yielded an investment of around HK$16.5 billion (US$2.1 billion) from 543 applicants over the past two years, with two-thirds of their capital directed into funds and the stock market. InvestHK, Hong Kong’s department of foreign direct investment, on Sunday released the latest figures of the New Capital Investment Entrant Scheme…

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Hong Kong’s easing of mortgage restrictions aims to return market to ‘normality’: Paul Chan

Hong Kong’s easing of mortgage restrictions aims to return market to ‘normality’: Paul Chan

Hong Kong’s surprise move to ease mortgage restrictions aims to restore “normality” in the sluggish property market and bolster investor confidence, the finance minister has said. Financial Secretary Paul Chan Mo-po also said on Friday that relaxing rules for a cash-for-residency scheme, which will now cover investments in luxury homes, would lure more applicants without…

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