HONG KONG -- Hong Kong will revive a visa program that grants residency status to people who invest a certain amount in local asset markets, amid an intensifying competition for talent with neighboring countries like Singapore and Japan.
"With a view to further enriching the talent pool and attracting more new capital to Hong Kong, we will introduce a new Capital Investment Entrant Scheme," Finance Secretary Paul Chan said in an annual budget speech Wednesday, using the program's official name.
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