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Amid Hong Kong stocks’ persistent slump, Gao Juan, CEO of Victory Securities and Chairman of the Hong Kong Securities Association, is championing a radical…
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
Family office operators say many of their customers have shown an interest in the soon-to-launch migration scheme, particularly those from mainland China.