First batch of visa applications approved under the New Capital Investment Entrant Scheme - Immigration Department and Invest Hong Kong partner up to boost business friendliness

2024-07-03 10:25 Last Updated At：10:38

First batch of new capital investment entrant scheme visa applications approved in record time, expected investment of over hk$10 billion to boost hong kong's business environment

In June, the Immigration Department approved the first batch of visa applications under the New Capital Investment Entrant Scheme (CIES), with Formal Approval granted in less than three months. The Immigration Department and Invest Hong Kong (InvestHK) work closely together on the New CIES and are actively exploring other collaboration opportunities to boost business travel convenience in Hong Kong.

Here are the key numbers of the New CIES since its launch on March 1 to June 30.

Number of enquiries

Over 3 700

Number of applications

339

Number of Approval-in-Principle (Granting of 180-day visitor visas for making investment)

Number of approved visa (Investment of HK$30 million already made)

Expected investment amount to be brought into Hong Kong

Over HK$10 billion

The Director of Immigration, Mr Benson Kwok, said, "The Government has introduced various policies to attract talent and capital to Hong Kong, including the New CIES. We have approved the first batch of entry applications and are actively processing other applications. I believe the New CIES will bring new vitality and opportunities to Hong Kong. The Immigration Department will continue to collaborate closely with InvestHK to create an even more business-friendly environment in Hong Kong.”

The Director-General of InvestHK, Ms Alpha Lau, said, "The New CIES brings a vast pool of talents to Hong Kong, attracting successful businessmen and innovative entrepreneurs, and with current application numbers an expected investment of over HK$10 billion (if more than 300 applications are all approved) to enhance the developmental strengths of Hong Kong's asset and wealth management industry. InvestHK and the Immigration Department have been working closely together on the New CIES and will continue to deepen co-operation to further strengthen Hong Kong's appeal as a business hub.”

In addition, the country has announced that non-Chinese Hong Kong permanent residents will soon be eligible for a card-type document to enhance convenience of clearance at control points of the Mainland. Under this new measure, cardholders will be able to travel to the Mainland multiple times within five-year validity period, without the need to apply for a separate visa. They will also be able to enjoy self-service clearance at control points of the Mainland, significantly enhancing clearance efficiency. This serves to foster stronger economic ties between Hong Kong and the Mainland.

Commissioner of Customs and Excise reviews Hong Kong Customs passing-out parade

2024-07-05 22:01 Last Updated At：22:18

Hong kong customs commissioner inspects passing-out parade for new customs officers, demonstrates commitment to world customs organization vice-chairperson role

The Commissioner of Customs and Excise, Ms Louise Ho, attended the Passing-out Parade for the 492nd-495th Customs Officer Induction Courses at the Hong Kong Customs College today (July 5) to inspect 82 Probationary Customs Officers on parade. Among the passing-out officers, eight are members of Customs YES.

The Guards of Honour and all passing-out officers adopted the Chinese-style foot drill to form the logo of the World Customs Organization (WCO), demonstrating Hong Kong Customs' commitment to becoming the new Vice-Chairperson for the Asia/Pacific (A/P) region of the WCO starting from July this year. The Foot Drill and Flag Party of the Customs Youth Leader Corps, the first team under the Security Bureau to perform Chinese-style rifle foot drill, also made its debut in the Passing-out Parade, joining hands with the Guards of Honour and passing-out officers to form the pattern of the Tiananmen Tower to celebrate the 75th anniversary of the founding of the People's Republic of China. This arrangement demonstrated that the patriotic spirit of Hong Kong Customs can continue to be passed on from generation to generation.

Speaking at the passing-out parade, Ms Ho said under the protection of the Hong Kong National Security Law and the Safeguarding National Security Ordinance, Hong Kong Customs will steadfastly safeguard national security and strive to promote the country and Hong Kong towards high-quality development, actively expand international exchanges and co-operation, and make full use of Hong Kong's distinctive advantages under "one country, two systems", enjoying the strong support of the motherland and being closely connected to the world.

She added that Hong Kong Customs, in the name of Hong Kong, China, was elected as the Vice-Chairperson for the A/P region of the WCO at the Customs Co-operation Council Sessions of the WCO in Brussels on June 29, and formally assumed this role as regional representative for two years from July. The primary responsibilities of this role include driving regional development agendas, co-ordinating regional affairs, leading members in addressing various challenges and facilitating the formulation and implementation of regional strategic plans. By playing this pivotal role, Hong Kong Customs hopes to safeguard multilateralism and promote international co-operation, enhance the effectiveness in regional law enforcement, and strengthen the capability of Hong Kong Customs by proposing the agenda and collaboration means to contribute to the country and Hong Kong.

Talking about recruitment, Ms Ho pointed out that the response to this year's recruitment of Customs Inspectors has been encouraging, with more than 8 400 applications received, up 12 per cent from last year's 7 500. For Customs Officers, more than 5 300 applications were received in the first half of this year, representing an increase of 20 per cent over the 4 400 applications received in the same period last year. As Hong Kong Customs plays a more prominent role in the international arena after assuming the post of Vice-Chairperson for the A/P region of the WCO, it is believed that more young people who wish to broaden their horizons will be attracted to join Hong Kong Customs to realise their full potential.

Ms Ho encouraged the passing-out officers to carry forward the goal of creating "a new chapter of Asia-Pacific customs collaboration", to strive to provide diverse and quality customs services, and to make full use of Hong Kong Customs' unique advantages in regional co-operation to make significant new contributions to the country and to Hong Kong.