Ditch investment visa home curbs, urges Midland boss

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Freddie Wong says the worst is over for Hong Kong’s economy. BLOOMBERG
Freddie Wong says the worst is over for Hong Kong’s economy. BLOOMBERG

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.

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