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26 Dec 2023

Hong Kong Offers Residency for $3.8 Million Investment in The City

Hong Kong introduces a new program [granting residency to investors](https://www.bloomberg.com/news/articles/2023-12-20/hong-kong-to-offer-residency-to-wealthy-for-3-8-million-investment) who commit HK$30 million, aiming to restore the city's financial hub status. Secretary for Financial Services and Treasury Christopher Hui anticipates 4,000 participants and a HK$120 billion annual revenue increment, signaling intensified competition with cities like Singapore.