Hong Kong’s Investment Migration Scheme Attracts Thousands
Hong Kong’s revamped investment migration scheme has attracted thousands of applicants, which is expected to translate to over $10 billion of inflows to the financial hub.
Over the past two years, Hong Kong’s revamped Capital Investment Entrant Scheme (CIES), the program has attracted 3,166 applicants with expected inflows of about $95 billion ($12.2 billion), according to a statement by the local government.
The CIES was relaunched in March 2024 after being suspended since 2015 and the new program requires a minimum of HK$30 million of investments in permissible assets. This include locally authorized funds, equities, debt securities and investment-linked assurance schemes.
«Upon arriving in Hong Kong, investors under the New CIES will not only bring substantial capital inflows but also generate ripple effects across real estate, dining, retail, education, and lifestyle services. This will stimulate both high-end and daily consumption, subsequently creating economic benefits for local small and medium-sized enterprises and professional service sectors,» said Alpha Lau, director-general of investment promotion at government agency InvestHK.
«The New CIES also bolsters Hong Kong's innovation and technology sector, particularly as its investment portfolio spans both innovation and technology as well as other strategic fields. By providing funding support to start-ups and research projects, it accelerates the commercialization and industrialization of innovative achievements, further positioning Hong Kong as Asia's innovation and technology powerhouse.»
