Staff reporter

Hong Kong should further ease its rules for wealthy investors who want to live in the city under its investment-migrant scheme, says Midland Holdings (1200) chairman Freddie Wong Kin-yip.

He said the current limit of counting not more than HK$10 million in property investment toward the HK$30 million New Capital Investment Entrant Scheme should be scrapped.

Investors should be able to use the full value of property purchases above HK$30 million for the CIES, he said.