New Trend for the Rich: Many Mainland tycoons plan to move to Hong Kong

BREAKING NEWS!

📢 HSBC's latest survey reveals that around 60% of the Mainland's affluent people see Hong Kong as the most desirable city to live in within the Asian region and say they will move to Hong Kong in the next five years.

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Mainland tycoons plan to move to Hong Kong

Considered Hong Kong the most livable city in Asia

On March 1, the Hong Kong SAR Government officially re-launched the new Capital Investment Entrant Scheme (CIES), aiming to attract global tycoons to settle in Hong Kong, so as to promote Hong Kong's economic prosperity and diversified development.

In response, HSBC in mid-April told the114 Mainland HNWIs with offshore assetsAn exhaustive online survey was conducted to understand their migration preferences and considerations.

It was noted that these respondents all had investable assets of US$3 million or more and were interested in obtaining residency in other Asian cities.

The results of the research show thatAbout 60% of respondents preferred Hong Kong as their ideal place of residence, and plans to move within the next five years.

It is worth mentioning that about 70% of these respondents who intend to move to Hong Kong have already made investments in Hong Kong, and 60% of them even plan to increase their investments.

The result undoubtedly highlights the strong appeal of Hong Kong under the new Capital Investment Entrant Scheme.

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Mainland tycoons moving to Hong Kong

There are 5 main reasons

According to the report, Hong Kong's emergence as the preferred place to live in Asia for many respondents is based on five key strengths: a world leader in economic freedom, a robust and well-developed financial infrastructure, extensive coverage of international networks, high quality education resources and a reliable healthcare system.

Advantage 1: Global Leadership in Economic Freedom

Hong Kong is one of the most open and business-friendly places in the world, with multiple advantages such as the rule of law and an independent judiciary, free flow of capital, free trade and investment policies, low tax rates, an excellent business environment, and an efficient and clean government administration.

Advantage 2: Stable financial infrastructure

As a globally renowned international financial center, Hong Kong has a robust financial infrastructure and a sound regulatory regime, providing investors with safe, efficient and transparent financial services, as well as abundant investment opportunities and diversified asset allocation choices.

Overview of Hong Kong's Financial Infrastructure

Advantage 3: Extensive international network

Located in the heart of the Asia-Pacific region, with the Mainland at its back and facing the world, Hong Kong is both a key gateway for mainland enterprises to enter the international market and a world-renowned cosmopolitan city.

Its favorable geographical location makes it a bridge between Mainland China and the global market, and plays a pivotal role in the areas of finance, shipping, trade and aviation.

Advantage 4: Internationalized Education

Hong Kong's rigorous academic standards, rich curriculum and excellent faculty make its teaching quality one of the best in the world.

From basic education to tertiary education, Hong Kong adheres to the concept of internationalization in teaching and learning, and places emphasis on cultivating students' innovative thinking and practical skills.

In addition, becoming a Hong Kong student means havingMultiple pathways to higher educationFor example, with the DSE results, students can apply for admission to local universities in Hong Kong, 138 universities in the Mainland and more than 600 overseas universities, and they can also take the Joint Entrance Examination for Overseas Students from Hong Kong, Macao, Taiwan and China (JEE) to apply for admission to more than 300 universities in the Mainland.

Advantage 5: Reliable medical system

Hong Kong has a world-class medical standard and a highly efficient healthcare system that provides comprehensive and high-quality medical protection to the public, making Hong Kong one of the longest-living regions in the world.
The distinctive features of healthcare in Hong Kong:

★ High standard of medical care, especially in the treatment of lung, liver, intestinal and breast cancers, Hong Kong's medical standard is among the highest in the world.

★ Medical information is open and transparent, and you can check the details of each medical institution and doctor through the official website of the Hospital Authority.

★ Drug introduction is synchronized with the world, and the government will introduce the world's most advanced drugs at the first opportunity.

★ A strict regulatory system and a sound accountability system have greatly reduced the incidence of medical malpractice and ensured the reliability and safety of medical services.

Structure of Hong Kong's healthcare system and related services

The above multiple advantages have led many affluent mainlanders to regard Hong Kong as their ideal place of residence and plan to move to Hong Kong through the new Capital Investment Entrant Scheme.

If you are interested in relocating to Hong Kong or would like to know more details about the program, please feel free to contact Timeless Group.