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Programme guides · Hong Kong New Capital Investment Entrant Scheme (CIES)

Hong Kong’s New Capital Investment Entrant Scheme (CIES): What Counts as a Permissible Investment?

Written by Global Immigrate consultants · Reviewed by Oscar Yip, Founder & Managing Director

Summary

CIES applicants invest HKD 30 million: HKD 27 million in permissible investment assets and HKD 3 million in the CIES Investment Portfolio. Asset classes, the real estate cap, holding through a company, the net asset rule and planning points.

Investment structure

Item Amount
Permissible investment assets HKD 27,000,000
CIES Investment Portfolio (managed by the Hong Kong Investment Corporation) HKD 3,000,000
Total HKD 30,000,000

Permissible asset classes

  • Shares
  • Bonds
  • Funds
  • Real estate (capped)

Real estate (residential and non-residential combined) counts for up to HKD 10 million; residential property must be a single property meeting the transaction price requirement.

Holding through a company

Since March 2026, applicants can hold permissible assets through a wholly owned, eligible Hong Kong private holding company, making family wealth easier to manage.

Net asset requirement

Net assets of at least HKD 30 million held continuously for the six months before applying (relaxed from two years in March 2025).

Family

Your spouse and unmarried children under 18 can apply with you.

Planning points

  1. Asset allocation: balance return, liquidity and risk, not just compliance.
  2. Real estate share: watch the HKD 10 million cap.
  3. Holding structure: consider a holding company to support succession planning.
  4. Maintain the investment: throughout your stay in Hong Kong, as required.

CIES is also an asset allocation decision — plan it with your wealth management team.

FAQ

How long must the investment be maintained?

Throughout your stay in Hong Kong, as the rules require.

Can property count?

Yes, but real estate together counts for up to HKD 10 million.

Do I need to live in Hong Kong?

The main requirement is maintaining the investment; years of residence affect later eligibility for permanent residence.

Sources

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