Hong Kong’s new cash for residency scheme receives 251 applications by end of May


By Willa WuOscar Liu

Hong Kong’s revised cash-for-residency scheme has received 251 applications and 43 of them have been given in-principle approval, the city’s financial services and treasury chief has revealed.

More than 75 per of the applicants were from Guinea-Bissau in West Africa and Vanuatu in the southwestern Pacific.

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