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Mainland Chinese snap up 90pc of Australia ‘significant investor’ visas

Nine out of 10 applicants for an Australian immigration scheme aimed at wealthy investors are from the mainland and they have pumped a total of A$325 million (HK$2.2 billion) into their new country of residence in the first year since the launch of the plan. Sixty-five “significant investor” visas have been granted to mainlanders and 91 per cent of the 545 applicants for the permits were Chinese nationals since the scheme…


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