Latest｜Hong Kong Investment Immigrants may include Private Equity

The 2023 Policy Address refers to the implementation of"Capital Investment Entrant SchemeThe new Capital Investment Entrant Scheme (CIES) will have a threshold of $30 million, which can be invested in Hong Kong in the form of a lump sum.Stocks, Funds, Bondsand other assets (except real estate), details of which were announced during the year.

A few days ago.Hong Kong Limited Partnership Fund AssociationFormal submission to the HKSAR Government on the proposed"Capital Investment Entrant SchemeScope of investmentExtension to private equity and private equity funds (in particular Hong Kong limited partnership funds)of the written proposals.

Upon receipt of the Association's written proposal, the Finance and Treasury Bureau of the SAR Government indicated that the Association's written proposal was very timely and that the Bureau was in the process of formulating the"Capital Investment Entrant SchemeThe details of the implementation willSeriously consider the Association's written proposalMotion.

Expanding Investment Coverage

Taking into account the current positioning of Hong Kong's venture capital industry by the State and Hong Kong, the overall market environment, the asset allocation needs, risk judgment and tolerance of capital investors, as well as the practices of other countries and regions, the investment scope of the old Capital Investment Entrant Scheme is limited, and it is necessary for the new scheme toExpansion of the investment universe into private equity.

In particular, it is necessary to allow"Capital Investment Entrant SchemeInvestors investing in equity in private companies in the venture capital industry and in venture capital-focused investments in the venture capital industryprivate equity fund(in particular Hong Kong limited partnership funds), so as to attract more international capital flows into Hong Kong to promote the development of Hong Kong's venture capital and wealth management industries.

Policy harmonization and continuity

commander-in-chief (military)Venture Capital and Private EquityThe inclusion of the Capital Investment Entrant Scheme (CIES) is an important contribution to Hong Kong's focus in the past few years on building up the capital market.International innovation and technology center, international financial center and international asset management centerThe coordination and continuation of the series of policies is a necessary corollary of the SAR Government's integrated and comprehensive policy initiative orientation.

These introduced policies includeHong Kong's limited partnership fund system, blueprint for the innovation and technology industry, and the new family office policyAnd so on. Predictable investment in the new water is coming, it is the best opportunity for policy coordination, superposition to generate benefits."Capital Investment Entrant SchemeIt can provide the most direct and effective financial impetus for all kinds of development plans and industrial policies in the early stage.

Provide appropriate guidance

Investors with $30 million in investment capacity typicallyMeets the criteria of a professional investor, with proven risk identification skills.

The new Capital Investment Entrant Scheme (CIES) can provide guidance from the perspective of Hong Kong's industrial development without the need to impose restrictions on the basis of risk, thusProvide greater choice for investorsThe

In the past, under the policy framework"Capital Investment Entrant SchemeThe scope of the program is relatively narrow, and future adjustments will be more open, which, if the private equity space is taken into account, will provide investors with aMore diversified and promisingof asset allocation opportunities.