Hong Kong’s capital investment scheme draws strong interest

Hong Kong’s revamped Capital Investment Entrant Scheme (CIES) has attracted nearly 1,400 applications since its relaunch, with proposed investments exceeding USD5.2bn, Financial Secretary Paul Chan announced on Monday. Speaking at the HKIFA Annual Conference, Chan highlighted robust growth in the city’s asset and wealth management sector, with Hong Kong-domiciled funds seeing USD44 billion in net inflows over the past year. The city now hosts 2,700 family offices, while exchange-traded products total 210 listings, accounting for over 15% of market turnover. Chan credited regulatory transparency and the GBA Wealth Management Connect initiative for Hong Kong’s rising prominence as a global investment hub.