Invest Hong Kong of China's Hong Kong Special Administrative Region (HKSAR) government announced on May 25 that as of the end of April this year, the New Capital Investment Entrant Scheme received 1,257 applications.

At the same time, figures showed that the Immigration Department of the HKSAR government has granted "Approval-in-Principle" to 911 applicants, allowing them to enter Hong Kong as visitors to complete their investments, and has granted "Formal Approval" to 512 applicants who have completed investments.

The current applications are expected to bring an investment amount of over 37 billion HK dollars (about 4.72 billion U.S. dollars) into Hong Kong, reinforcing Hong Kong's standing as a pre-eminent international investment hub, Invest Hong Kong said in a press release.

Alpha Lau, Invest Hong Kong's director-general of investment promotion, said that Hong Kong possesses strong resilience and solid foundations, as demonstrated by the free flow of capital, a robust regulatory framework, and a deep pool of professional talent.

These attributes offer global investors an unparalleled and stable environment for doing business and making investments, Lau said, adding that she believed that the New Capital Investment Entrant Scheme would continue to attract more talent and capital to Hong Kong.

The scheme aims to attract asset owners to settle in Hong Kong and explore its diverse investment opportunities through wealth allocation and management. (1 U.S. dollar equals 7.83 HK dollars)