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Yu Fung Family Office Management Services and Yu Fung Broker were invited to attend a closed-door seminar on the Capital Investment Entrant Scheme (CIES) organized by Invest Hong Kong on January 4, 2024. Led by Mr. Roy Wu, CEO of Yu Fung International, the team participated in the seminar hosted by Ms. Emily Lau, Director-General of InvestHK, and Mr. Stephen Fang, Global Director of Family Office at InvestHK. The seminar provided detailed explanations of Hong Kong’s new investment immigration policy under the revamped CIES.

Overview and Significance of the New Capital Investment Entrant Scheme (New CIES):

• The New CIES was relaunched on March 1, 2024, aiming to attract high-net-worth individuals, successful businesspeople, and innovative entrepreneurs to invest and settle in Hong Kong, thereby boosting the city’s talent pool and capital inflow.
• Since reopening, over 300 applications have been accepted, with an expected investment of more than HK$10 billion (approximately US$1.3 billion) if all applications complete successfully.
• The scheme requires applicants to demonstrate net assets of at least HK$30 million and to invest a minimum amount in approved financial assets and innovation and technology sectors.
• The New CIES is part of Hong Kong’s broader strategy to strengthen its position as an international asset and wealth management hub and to attract family offices and global asset owners.
• Enhancement measures effective from March 1, 2025, relax certain net asset assessment requirements and allow investments via eligible private companies, further encouraging participation.
• The scheme is supported by close collaboration between Invest Hong Kong and the Immigration Department to streamline application processes and create a business-friendly environment.

Yu Fung’s Role and Strategic Positioning:

• By attending the seminar, Yu Fung Family Office Management Services and Yu Fung Broker stay well-informed of the latest policy developments, enabling them to advise and assist high-net-worth clients effectively on investment immigration opportunities.
• Yu Fung’s expertise in family office administration, wealth management, and insurance brokerage positions it as a key service provider supporting clients interested in leveraging the New CIES to establish or expand their presence in Hong Kong.
• The firm’s alignment with Hong Kong government initiatives and its integration of ESG principles further enhance its capability to serve sophisticated clients seeking compliant and innovative financial solutions.

Impact on Hong Kong’s Business Environment:

• The New CIES is expected to revitalize Hong Kong’s economy by attracting substantial capital and talent, contributing to the growth of the asset and wealth management industries.
• It complements other government policies promoting family office businesses, innovation, and sustainable development.
• The scheme’s popularity and ongoing enhancements reflect strong investor confidence in Hong Kong’s business environment and its strategic role as a gateway between Mainland China and the global market.

In summary, Yu Fung’s participation in the InvestHK seminar on the New CIES underscores its proactive engagement with key government initiatives designed to attract global investors and high-net-worth individuals, reinforcing its position as a leading financial and insurance services provider in Hong Kong’s evolving economic landscape.