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Good news for those who want to immigrate to Hong Kong SAR through investment. They can do it through investment-linked insurance. This new policy takes effect on Tuesday.
According to Hong Kong's Immigration Department, investors can put their money into insurance products, that invest in a basket of funds or stocks. Analysts say the new Capital Investment Entrant Scheme will bring more opportunities to Hong Kong's insurance industry, with the potential to increase sales by more than one billion Hong Kong dollars.
Under the old scheme, investors could only put their money into real estate, stock and bonds. And they had to invest a minimum 6.5 million Hong Kong dollars, or 1 million US dollars.