The Financial Services and the Treasury Bureau and Invest Hong Kong announced on the 7th the specific content of the optimization measures for the "New Capital Investment Entrant Scheme", which will take effect from March 1, 2025. The measures announced on the same day relaxed the regulations on net asset review and calculation, and applicants' investments through wholly-owned qualified private companies can also be included in the qualified investment amount. Specific measures also include that applicants only need to prove that they have had absolute beneficial ownership of net assets or net capital with a market value of no less than HKD 30 million during the entire period of 6 months prior to the application date for net asset review (or 2 years prior to optimization). The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Mr. Hui Cheng yu, stated that he believes the optimization measures will encourage more investors to participate in the "new plan", create synergies with the tax relief system for family offices, promote the development of family office business in Hong Kong, and consolidate Hong Kong's position as an international asset and wealth management hub. (New Society)