Wealthy Chinese' enquiries on HK investment residency scheme surge
Hong Kong, which is offering incentives, seems to be a reasonable destination for wealthy Chinese families to place their money. But factors such as geopolitics and regional competition also play a part.
Rich mainland Chinese families with business operations in both mainland China and Hong Kong are expected to set up family offices in Hong Kong, after the city recently rolled out a series of incentives.
This includes restarting an investment residency scheme with expanded eligible assets, a higher threshold, and the possibility of renminbi-denominated assets.
Besides the incentives and the proximity of Hong Kong, geopolitics is also on the top of these Chinese families’ minds —…
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