Will Donald Trump’s US immigration ‘gold cards’ appeal to China’s ultra-rich?
Donald Trump's proposed "gold card" immigration scheme, offering permanent residency to those investing US$5 million in the US, may face a lukewarm reception from wealthy Chinese investors due to uncertainties surrounding its implementation and vetting procedures. Immigration consultants express concern over the lack of specific details, potentially deterring ultra-rich individuals who prioritize long-term stability and predictability in their investment decisions.
The scheme, intended to replace the EB-5 visa program popular among Chinese immigrants, could also present challenges to China's anti-corruption efforts. While China's current economic climate might increase the appeal of diversifying wealth abroad, the lack of clarity in the new plan may prompt a cautious "wait and see" approach from potential investors, especially given the risks associated with future policy changes.
via SCMP Full Text Feed
Donald Trump's proposed "gold card" immigration scheme, offering permanent residency to those investing US$5 million in the US, may face a lukewarm reception from wealthy Chinese investors due to uncertainties surrounding its implementation and vetting procedures. Immigration consultants express concern over the lack of specific details, potentially deterring ultra-rich individuals who prioritize long-term stability and predictability in their investment decisions.
The scheme, intended to replace the EB-5 visa program popular among Chinese immigrants, could also present challenges to China's anti-corruption efforts. While China's current economic climate might increase the appeal of diversifying wealth abroad, the lack of clarity in the new plan may prompt a cautious "wait and see" approach from potential investors, especially given the risks associated with future policy changes.
via SCMP Full Text Feed
