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Joseph Chan: New Capital Investor Entrant Scheme Receives 1,370+ Applications, Expected to Bring $41B+ into HK
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Since its establishment in June 2021 up to end-May 2025, the dedicated FamilyOfficeHK team of Invest Hong Kong (InvestHK) has assisted over 190 family offices to set up or expand their business in Hong Kong, and around 150 family offices have indicated that they are preparing or have decided to set up or expand their business in Hong Kong, Acting Secretary for Financial Services and the Treasury, Joseph Chan, said. The performance indicator to attract no less than 200 family offices to establish or expand their operations in Hong Kong by end-2025 as set out in the 2022 Policy Address is likely to be achieved. The Hong Kong government will maintain close communication with family offices to understand their needs, evaluate the effectiveness of relevant policies and introduce enhancements in a timely manner. As of the end of May 2025, the New Capital Investor Entrant Scheme (New CIES) has received over 1,370 applications. The current applications are expected to bring an investment amount of over $41 billion into Hong Kong. The government has also implemented enhancement measures with effect from 1 March 2025, allowing investment under the New CIES to be made through an eligible private company wholly owned by the applicant, creating synergy with the tax concession regime for family offices. AASTOCKS Financial News Website: www.aastocks.com |
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