Xu Zhengyu: Hong Kong will relax asset assessment for new investment immigration program

Odaily reports that the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, delivered a speech at the annual conference of the Asia Securities and Financial Markets Association, stating that Hong Kong will further relax asset assessment requirements and accept investments made through qualified private companies. Hong Kong will also optimize the tax system for funds and single-family offices, and launch a new company re-domiciliation scheme to attract more international companies to set up offices or re-domicile in Hong Kong. In addition, Hong Kong will continue to expand the issuance of green and sustainable bonds and promote the interconnection plan with the Mainland financial market. (Aastocks) Previously, a spokesperson from Invest Hong Kong confirmed that cryptocurrencies, including Bitcoin and Ethereum, can be used as asset proof when applying for the Capital Investment Entrant Scheme visa.