Hong Kong's cash-for-residency scheme can attract more family offices as it vies with Singapore, industry players say

Hong Kong's investment-migration scheme has drawn the attention of many wealthy families from mainland China and Asia, who are considering setting up family offices in the city, according to industry players. Chief Executive John Lee Ka-chiu proposed a revamped investment migration programme for wealthy individuals and their families during his annual policy address in October, offering fast track residency for at least HK$30 million (US$3.8 million) of investment in local stocks or other assets

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