Chen Haolian: As of the end of August, Hong Kong's new capital investor immigration plan has received over 1900 applications, expecting to bring in approximately 58 billion Hong Kong dollars in funds.

Deputy Director of the Financial Services and the Treasury Bureau of Hong Kong, Chen Haolian, stated at the "Asian Banking Summit" that as of the end of last month, Hong Kong's new Capital Investment Entrant Scheme has received over 1,900 applications. If all applications are approved, it is expected to bring about HK $58 billion in funds to Hong Kong, describing the scheme as popular. Chen Haolian mentioned that currently, over half of the assets under management in Hong Kong's wealth management business come from local and non-mainland areas. He believes that Hong Kong, as a very liberal economy, covers investment opportunities both locally and abroad, hoping to become a financial services and asset management center. Chen Haolian also pointed out that the Hong Kong financial industry has achieved significant progress in the past year, with the total assets under management in the wealth management business reaching 4.5 trillion US dollars, a 13% year-on-year increase; total bank deposits growing by over 7%; new life insurance premiums increasing by 20%; the bond market ranking first in Asia for the second consecutive year, demonstrating strong overall competitiveness in the financial industry.