Xu Zhengyu: The number of applications for the new capital investor immigration plan has exceeded 2200, which could bring in 70 billion in capital investment.

Paul Chan, the Director of Hong Kong Financial and Treasury Bureau, stated at a briefing of the Legislative Council's Financial Affairs Committee that the number of applications received for the new capital investment visa scheme has exceeded 2200, bringing in a potential capital injection of 70 billion Hong Kong dollars. It is reported that the scheme requires applicants to invest at least 30 million Hong Kong dollars in approved investment assets, with 3 million Hong Kong dollars to be invested in a portfolio managed by a Hong Kong investment company. He noted that various aspects of the work have been balanced, and several local fund companies have been identified to manage the work, allowing funds to be directed to Hong Kong's technology and innovation sectors appropriately. Chan mentioned that the residential investment threshold has been lowered from 50 million Hong Kong dollars to 30 million Hong Kong dollars, emphasizing that the impact on the livelihood of residents has been taken into consideration, and it is not expected to affect citizens' ability to purchase property. The optimization process will be gradual. He also stated that the non-residential property investment amount has been increased from 1 million Hong Kong dollars to 15 million Hong Kong dollars, in hopes of attracting applicants willing to invest funds in Hong Kong. The Hong Kong Monetary Authority has a series of measures in place to assist applicants with mortgage arrangements, and will continue to engage and communicate with the market.