Hong Kong winning back wealthy Chinese

The Chinese territory is expected to welcome about 200 high-net worth individuals in 2024, after five years of millionaires skipping town. — The Straits Times

HONG KONG: Hong Kong is winning back wealthy Chinese by rolling out the red carpet for the rich, while rival Singapore scrutinises foreign money.

The Chinese territory is expected to welcome about 200 high-net-worth individuals in 2024 after five years of millionaires skipping town, according to data provided by intelligence firm New World Wealth and immigration consultancy Henley & Partners, thanks to initiatives including family office tax concessions and visa and residency programmes.