LCQ7: Capital Investment Entrant Scheme (written reply by the Secretary for Security, 23 February 2011)

LegCo written reply (23 Feb 2011) on the CIES: question cites applications averaging 570 a month in Jan-Sep 2010 and 242 in Dec 2010, about 1% of property transaction value, and 28 of 2,000 SFC retail funds eligible (press report). Reply: criteria for permissible investment asset classes (five classes of financial assets), reasons for suspending real estate in Oct 2010 and a planned 2013 review, the 70% rule for eligible funds, and a table of average monthly entrants and investment amounts for 2008-2010 with year-on-year changes. All programme numbers extracted; the '28 of 2,000 funds' press figure (a count of eligible products, not a programme outcome) is left as context. The rules described are already covered by existing terms and events. Rules restated from other sources are now recorded from this document too (decision 8).