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China - Media: the number of mainland "elites" moving to Hong Kong in the last 6 months has exceeded the sum of the past 10 years - July 30, 2023

sharon sanders

Editor-in-Chief & President
Hong Kong is speeding up the grabbing of people: Mainland elites going to Hong Kong exceed the sum of the past 10 years

Market information at 19:01 on July 30, 2023


  In the past six months, the number of mainland talents who have obtained Hong Kong identity has exceeded the sum of the past 10 years.
  
  Author| Su Zihua
  Editor | Qiao Qian Yang Xuan
  After staying for 5 years, Guo Qiqi has become familiar with the "hidden rules" of life in Hong Kong.
  In business, people will always ask him where he lives when they meet for the first time. Guo Qiqi later understood that Hong Kong is narrow, and every corner has its price. Others can judge how much assets you have through the neighborhood you live in, "and then decide which class to talk to you about."
  When renting a house, the first thing to do when meeting the landlord is to show the salary slip. This is the experience he has accumulated after moving many times—it not only proves that he can afford to rent a house, but also implies his social status: this outsider is not a poor boy, and he is not easy to be bullied.
  Whether a child can go to a good kindergarten depends on whether the parents can pass the interview. "It's best for the father to be the boss or a company executive. The mother takes care of the baby alone and doesn't have to go to work. If the parents-in-law are still working and they don't have much money at first glance, it may be difficult to pass the interview."
  A kind of cruelty emerged in front of my eyes: the class selection in this society started earlier than imagined.
  At the beginning, Guo Qiqi worked in a state-owned enterprise in Beijing. He was safe and stable, but in order to pursue greater possibilities in life, he applied for the Hong Kong Talents Program to start a business in Hong Kong. At that time, the annual quota was 1,000, and there were not many applicants.
  But at the beginning of this year, everything changed. Many friends around him came to ask him how to apply for Hong Kong identity, which was unprecedented.
  Soon, a Hong Kong immigration boom spread among mainland elites.


snip


   Mainland elites and Hong Kong are in a hurry
  Gong Wu may be one of the people who understand the thoughts of mainland elites who want to obtain Hong Kong identity.
  Gong Wu left his post as a civil servant three years ago to join the insurance business in Hong Kong. By the way, he applied for Hong Kong identity, mainly serving the middle and high-income groups. He found that there are two kinds of people who desire Hong Kong identity the most.
  One is parents whose children are in fourth or fifth grade. Because in another 7 years, the child will take the college entrance examination, and Hong Kong permanent identity card holders can enter the same 985 and 211 universities with an average score of 150 points lower than mainland candidates in the college entrance examination. Through the Hong Kong Excellent Talents Program, the period for obtaining permanent status in Hong Kong is exactly 7 years.
  The other is those who plan to have children in the next one or two years. According to Hong Kong regulations, a child born in Hong Kong is a Hong Kong citizen at birth, "once and for all".

snip


 Zhao Kai, a partner of a Hong Kong family office, told 36 Krypton that mainland clients are more concerned about the future security of their assets. This is the first priority. “Many people actually prefer to open family offices overseas.” The most concerned issue is overseas investment, and the number of consultations has probably tripled compared to previous years.





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