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    Hong Kong CIES Reaches 3,300 Applications, HK$99 Billion in Pipeline

    Hong Kong’s New Capital Investment Entrant Scheme (New CIES) has received more than 3,300 applications representing approximately HK$99 billion (US$12.6 billion) in anticipated investment, Secretary for Financial Services and the Treasury Christopher Hui disclosed on April 13. He made the remarks at the Hong Kong Investment Funds Association (HKIFA) 40th anniversary cocktail reception. The figures…

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      Hong Kong’s CIES Tops 3,000 Applications, HK$95 Billion in Anticipated Investment

      Hong Kong’s New Capital Investment Entrant Scheme (New CIES) received 3,166 applications in its first two years, InvestHK announced Monday, with anticipated investment of approximately HK$95 billion (US$12.15 billion). Of those, 1,762 applicants completed their investments and received formal approval from the Immigration Department. Year two alone produced 2,248 of those applications, up 145% from…

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