What? Can 100 Bitcoins buy Hong Kong identity?
Brothers, we all know that settling in Hong Kong is not an easy task, and the procedures are extremely complicated. However, imagine that if you bought about 100 Bitcoins in Hong Kong, you could become a Hong Kong citizen and obtain Hong Kong identity. Would you consider this opportunity? Care to try it?
According to a report by Hong Kong’s Hong Kong Economic Journal, as of November 13, Hong Kong Legislative Council member Qiu Dagen proposed that Bitcoin be included in the scope of financial products and included in the asset class of the “Hong Kong Investment Immigration Program”. The investment plan’s standards require investors to invest no less than HK$30 million, but this does not include real estate investment.
According to relevant news, the investment scope of the Hong Kong Investment Entry Plan mainly includes assets such as stocks, funds, bonds, etc. This restart plan has been launched after 8 years. It is worth noting that it is clearly stated that real estate is not among the accepted investments. Currently, the Hong Kong government is studying the inclusion of licensed crypto-asset trading platforms, including crypto-assets such as Bitcoin, as acceptable investments. Based on the current Hong Kong dollar exchange rate, 30 million Hong Kong dollars is approximately US$3.84 million, which is roughly equivalent to 103.8 Bitcoins. If this proposal is passed, purchasing about 100 Bitcoins will become a way to obtain Hong Kong identity.
The Hong Kong government launched this plan to attract more high-net-worth individuals to choose to settle in Hong Kong. Therefore, once the news came to light, it caused a stir among high-net-worth individuals who paid close attention to Hong Kong’s investment immigration program.
Some people here may be confused about the value of investment immigration and obtaining Hong Kong identity, thinking that the high cost may prevent this option from receiving widespread attention. This view is not surprising, because I had the same doubts at the beginning. However, as an international metropolis, the value brought by Hong Kong's identity is quite significant, especially in terms of education, finance, foreign trade, personal prospects and development ceiling. For mainland parents, educational planning is the primary consideration, while status is a prerequisite for success. For high-net-worth individuals, having an additional identity will help them get twice the result with half the effort in career and family planning.
Therefore, whether it is for children's education, career development, or global travel convenience, additional identities can provide broader possibilities for future planning. Only with more choices can we spread our wings and fly freely on the stage of life. Isn’t it easier to understand this way?
Brothers, we all know that settling in Hong Kong is not an easy task, and the procedures are extremely complicated. However, imagine that if you bought about 100 Bitcoins in Hong Kong, you could become a Hong Kong citizen and obtain Hong Kong identity. Would you consider this opportunity? Care to try it?
According to a report by Hong Kong’s Hong Kong Economic Journal, as of November 13, Hong Kong Legislative Council member Qiu Dagen proposed that Bitcoin be included in the scope of financial products and included in the asset class of the “Hong Kong Investment Immigration Program”. The investment plan’s standards require investors to invest no less than HK$30 million, but this does not include real estate investment.
According to relevant news, the investment scope of the Hong Kong Investment Entry Plan mainly includes assets such as stocks, funds, bonds, etc. This restart plan has been launched after 8 years. It is worth noting that it is clearly stated that real estate is not among the accepted investments. Currently, the Hong Kong government is studying the inclusion of licensed crypto-asset trading platforms, including crypto-assets such as Bitcoin, as acceptable investments. Based on the current Hong Kong dollar exchange rate, 30 million Hong Kong dollars is approximately US$3.84 million, which is roughly equivalent to 103.8 Bitcoins. If this proposal is passed, purchasing about 100 Bitcoins will become a way to obtain Hong Kong identity.
The Hong Kong government launched this plan to attract more high-net-worth individuals to choose to settle in Hong Kong. Therefore, once the news came to light, it caused a stir among high-net-worth individuals who paid close attention to Hong Kong’s investment immigration program.
Some people here may be confused about the value of investment immigration and obtaining Hong Kong identity, thinking that the high cost may prevent this option from receiving widespread attention. This view is not surprising, because I had the same doubts at the beginning. However, as an international metropolis, the value brought by Hong Kong's identity is quite significant, especially in terms of education, finance, foreign trade, personal prospects and development ceiling. For mainland parents, educational planning is the primary consideration, while status is a prerequisite for success. For high-net-worth individuals, having an additional identity will help them get twice the result with half the effort in career and family planning.
Therefore, whether it is for children's education, career development, or global travel convenience, additional identities can provide broader possibilities for future planning. Only with more choices can we spread our wings and fly freely on the stage of life. Isn’t it easier to understand this way?
