Experts said Hong Kong’s latest push to attract talent and capital with the launch of a new investment immigration program could help shore up the local economy, but called for measures to reduce the required time for talents to obtain permanent residency to maintain the city’s attractiveness.
“With a view to further enriching the talent pool and attracting more new capital to Hong Kong, we will introduce a new Capital Investment Entrant Scheme,” Financial Secretary Paul Chan Mo-po announced on Wednesday in the 2023-24 Budget.
Investment at a certain amount in the local asset market, excluding in property, is required for the applicant to qualify, he said.
Experts said Hong Kong’s latest push to attract talent and capital with the launch of a new investment immigration program could help shore up the local economy, but called for measures to reduce the required time for talents to obtain permanent residency to maintain the city’s attractiveness.
“With a view to further enriching the talent pool and attracting more new capital to Hong Kong, we will introduce a new Capital Investment Entrant Scheme,” Financial Secretary Paul Chan Mo-po announced on Wednesday in the 2023-24 Budget.
Investment at a certain amount in the local asset market, excluding in property, is required for the applicant to qualify, he said.
Those qualified will be allowed to reside and pursue development in Hong Kong upon approval, Chan said.
