Hong Kong's New Capital Investment Scheme Sees Strong Response

According to Odaily, Hong Kong's InvestHK has reported a strong response to the new Capital Investment Entrant Scheme, which was launched on March 1. As of the 13th of this month, the scheme has received over 500 applications and more than 5,000 inquiries. The anticipated investment amount from these applications is expected to exceed HKD 15 billion. Out of the total applications, 448 have been verified to meet the net asset requirement, meaning the applicants have proven they possessed at least HKD 30 million in net assets for two years prior to submitting their applications. Additionally, 47 applications have been verified to meet the investment requirement, indicating that these applicants have completed the required HKD 30 million investment in Hong Kong within the six-month deadline. Director-General of InvestHK, Stephen Phillips, stated that the increase in application numbers reflects the confidence high-net-worth individuals have in Hong Kong. The scheme has attracted experienced businesspeople and innovative entrepreneurs, which enhances the development advantages of Hong Kong's asset and wealth management industry.