According to comprehensive reports from Worldway: The Hong Kong Policy Address has been delivered annually by the Chief Executive of the Hong Kong Special Administrative Region since 1997, outlining the policy priorities for the coming year. As its content touches upon hot topics related to people's livelihoods, the delivery of the annual Policy Address is a focal point of high concern for Hong Kong residents. The implementation of the Policy Address particularly reflects Hong Kong's human-centric approach; for instance, public opinion surveys on population policy are conducted in October of each year. In 2013, a public opinion survey campaign titled "Gathering Ideas for Hong Kong" was launched. Based on the consolidated survey results, a formal report is released in January of the following year. For the Hong Kong Immigration Department, the Capital Investment Entrant Scheme is absolutely the top priority in its annual work plan, which is why there is a dedicated section on the Capital Investment Entrant Scheme in the first chapter of every annual report. On October 14, 2010, the Hong Kong Immigration Department implemented a new policy, stating that the Capital Investment Entrant Scheme would be reviewed every three years. In March 2013, the Director of Immigration, Eric Chan Kwok-ki, publicly stated to the media that the review of the investment immigration scheme had begun and would be completed within the year. Everyone believed that by the 10th anniversary of the investment scheme in October 2013 or the release date of the Policy Address in January 2014, changes to the investment immigration policy would be announced. However, what we anticipated did not happen! A new round of public opinion surveys for the new year's Policy Address began in October 2014; what exactly will the content be!
The number of applications for the Hong Kong Capital Investment Entrant Scheme in 2013 reached nearly 10,000! Hong Kong's population growth relies heavily on foreign immigration, so some members of the public are concerned that such a volume of applications might lead to excessively rapid population growth in Hong Kong. At the beginning of the year, the Policy Address and the Security Bureau's work report suggested that precisely because Hong Kong's population growth relies heavily on foreign immigration, the Hong Kong government will place greater emphasis on the introduction of quality migrants and professionals to ensure the sustainable development and population vitality of Hong Kong society. Therefore, it is unpredictable whether the 2015 policy report will squeeze the approval rate for investment immigrants in order to increase Hong Kong's capacity to accept talent, or whether it will directly add quality requirements (such as educational requirements) to the application conditions for Hong Kong investment immigration. These changes are unpredictable, but the Hong Kong government will certainly take corresponding measures.
In the 11 years since the launch of Hong Kong investment immigration, it has attracted a total of 192.7 billion HKD in immigrant investment. Some members of the public in Hong Kong have begun to consider in what form these funds should be invested in Hong Kong to be most beneficial to the region! The answer is bonds! The Financial Secretary of Hong Kong has reached the same conclusion. On February 26, 2014, Hong Kong Financial Secretary John Tsang announced the 2014-15 budget, which mentioned that the development of the financial market should lean towards bonds. Worldway's Hong Kong immigration experts predict that the Hong Kong government may restrict investment categories for immigrants in the future to foster the development of the local bond market, which will affect the autonomy of Hong Kong investment immigrants.
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Hong Kong is actively planning for the universal suffrage of the Chief Executive in 2017, and the importance of "public opinion" is gradually becoming prominent. The next election will face universal suffrage, and Leung Chun-ying knows what the loss of public support means, so he will inevitably be cautious when setting policies again. The repeated delays in the review of immigration policy are a testament to this, and the public opinion survey on population policy further demonstrates the cautious attitude of the Leung administration. It is believed that Chief Executive Leung will handle this properly! Worldway's Hong Kong immigration investment experts suggest that it is better to immigrate early than late; do not wait until you miss the opportunity to regret it! Board the "last train" to Hong Kong as soon as possible!
Worldway Editor
