Hong Kong's new Capital Investment Entrant Scheme is making rapid progress.
As at the end of November, the scheme has received a total of more than 700 applications and is expected to bring more than HK$21 billion of investment to Hong Kong.
01
Hong Kong Investment Immigration
700 applications have been received
The Under Secretary for Financial Services and the Treasury of the HKSAR Government, Mrs. Elizabeth Chan Ho-lim, pointed out at the Legislative Council meeting on December 5 that the Government had achieved remarkable results in attracting capital and talents.
In particular, the new Capital Investment Entrant Scheme (CIES), which has been implemented since March 1, has received an overwhelming response.
As at the end of November, more than 700 applications have been received under the scheme, which is expected to inject more than HK$21 billion of investment into Hong Kong. Compared with half a month ago, the number of applications has increased by 30, and the amount of investment has risen by about HK$1 billion accordingly.
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Hong Kong's economy continues to improve
Great potential for investment appreciation
CPA Australia released a survey report on Hong Kong's economic and business outlook on December 5th.
The results show that: 63% of respondents expect Hong Kong's economy to continue to grow next year; 51% of respondents predict that their companies will see an increase in revenue next year; and 62% of respondents expect to see a pay rise next year.
In addition, companies' expansion plans appear to be more aggressive, and willingness to hire has reached its highest level since 2020.
Meanwhile, Hong Kong's economy is being boosted by a trio of positive factors, authoritative media in Hong Kong recently reported:
The Federal Reserve has been cutting interest rates since September, the Mainland announced a series of policies to support economic growth in September, and the Hong Kong SAR Government has introduced a number of measures to attract businesses and talent.
The combination of these three forces has had a significant positive impact on Hong Kong's stock and property markets as well as overall economic growth.
BEA forecasts that the Hang Seng Index is expected to climb to 22,500 points in the first half of next year, a 15% increase from its current level (19,560 points); while residential property prices are expected to rebound by about 5%. The bank also expects Hong Kong's economy to achieve an annual growth rate of 2.5% next year.
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Billionaire Cities Ranking
Hong Kong ranks second
Altrata's latest report on the Billionaires Census 2024 shows that Hong Kong is the second city in the world in terms of the number of billionaires with 107 billionaires worth up to US$1 billion, following New York in the US.
Between 2015 and 2024, the Asia-Pacific region has seen a particularly rapid growth in billionaires, and now boasts 981 billionaires, or 37% of the global total.
While the total number of Asia-Pacific billionaires is down slightly from 1,019 in 2023, Hong Kong stands out, with the number of billionaires growing from 68 to 74, and their wealth increasing by 1.4% year-on-year to a total of $326 billion.
The signs are clear: Hong Kong's economy continues to improve, presenting many opportunities for investors.
With the re-launch of Hong Kong's new Capital Investment Entrant Scheme (CIES), investors will not only have the opportunity to obtain Hong Kong status, but also to further expand their investment horizons, which is a win-win situation.
If you are interested in applying for this program, please contact Nebula International and we will provide you with customized services.
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