New capital investment entrant scheme receives over 500 applications

It is expected to bring over $15m in investments to the city.

The New Capital Investment Entrant Scheme (New CIES) has received over 500 applications and more than 5,000 enquiries since its launch on 1 March, Invest Hong Kong (InvestHK) announced.

Citing a 13 September data, the scheme is expected to bring over $15m in investments to the city.

Of the applications submitted, 448 met the net asset requirements whilst 47 fulfilled the investment requirements.

To qualify, applicants must have net assets of at least $30m in the two years prior to applying and invest $30m in Hong Kong within six months. Application forms for net asset and investment assessments are available online.

Alpha Lau, director-general of Investment Promotion, noted that the rising number of applications reflects high-net-worth individuals' confidence in Hong Kong, and encouraged early use of the online platform for more efficient application processing.

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