Hong Kong Suspends Immigration Program for Wealthy Investors
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Hong Kong is putting on hold an investor immigration plan that has granted residency in the city to more than 20,000 mainland Chinese in the last decade.
The Capital Investment Entrant Scheme, which takes applications from foreigners investing more than HK$10 million ($1.3 million), will be suspended starting tomorrow, Chief Executive Leung Chun-ying said in his annual policy address today. The government will continue to process the applications it currently has on hand.