Majority of applicants are elderly people born in China looking to invest NT$6 million: MOEA
By: Matthew Strong, Taiwan News, Staff Writer
As doubts surge about the future of the former British territory under Chinese rule, more citizens have been looking for a way out, focusing on Taiwan as a country with a similar culture but with stronger democratic institutions.
Hundreds of retired Hong Kong citizens born in China have applied for a migration program with private brokers requiring a minimum investment of NT$6 million (US$197,000), the Liberty Times quoted the MOEA.
The elderly people occupy over 70 percent of the applications, but most of them have not presented specific investment plans, officials said. [FULL STORY]