Hong Kong has New Capital Investment Entrant Scheme to attract investors. Are you the one?
Investors do love to invest. Question is where?
Sometimes, you (as in governments all over the world who wants to grow the economy) just have to keep thinking of new ways to attract investors who has not yet considered your market or someone who loves your global financial hub status but has yet to decide or just someone who had always wanted to invest but just did not have the opportunity to do so yet.
This is how Hong Kong is trying to attract new investors who wish to help grow the vibrancy of the local market. The world is an oyster. They will try to open it with the New Capital Investment Entrant Scheme. It is doing well I believe since it already has received over 700 applications despite being launched just in March 2024. Read on about it.
Article in businesstoday.com.my. Hong Kong’s New Capital Investment Entrant Scheme has received more than 700 applications since its launch on March 1, according to Joseph Chan, under secretary for financial services and the treasury of the Hong Kong Special Administrative Region (HKSAR) government.
The scheme has been widely welcomed by investors from various sectors and is expected to bring over 21 billion Hong Kong dollars (about 2.69 billion U.S. dollars) in investments to Hong Kong based on the applications received so far, Chan said Thursday at a meeting of the HKSAR’s Legislative Council.
In the area of fintech, as of this October, there are over 1,100 fintech companies in Hong Kong, representing an increase of about 15 percent over the past year. Do read in full here: Article in businesstoday.com.my
Hong Kong’s property market currently
It has been falling where property price is concerned. Double digit fall. Link is here or in the image caption too. Article here: globalpropertyguide.com
It seems that the property market will stabilize in 2025. Article here: propertyguru.com
Hong Kong government is also trying to bolster the market with easier mortgage rules. Article here: theedgemalaysia.com
If this is successful, surely it will soon be followed by other countries. Perhaps with even more attractive rules too. Investors do have money (many wealthy people still) and current interest rate if they leave it all in the bank is generally low versus potential returns from investments. All the best.
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