Capital immigration program views mixed

HONG KONG Special Administrative Region Chief Executive Leung Chun-ying announced the city was ending its capital investment immigration program in his Policy Address on Wednesday. Leung said Hong Kong is now looking for talent rather than capital. Comments:

Some people believe this unexpected policy adjustment is in conjunction with the mainland's anti-corruption campaign, because the majority of applicants for capital investment immigration to Hong Kong come from the mainland and many of them only want to obtain Hong Kong residency rather than live their. Others have suggested it's a policy for the sake of local residents, because this program has remarkably pushed up property prices in Hong Kong since it was launched in 2003.

China Business News, Jan 15