Thousands Of HK People Apply For New Canada Visas

"); jQuery("#212 h3").html("

"); });
2021-05-21 HKT 03:12
Canadian Prime Minister Justin Trudeau's new immigration pathway for Hong Kong residents has received nearly 6,000 applications in the three months since its launch, a spokesman for the country's immigration ministry said on Thursday.
In November, the Canadian government said it would make it easier for Hong Kong youth to study and work in Canada in response to the national security law imposed by Beijing on the SAR.
Under the new visa rules, any Hong Kong resident who has graduated from a Canadian university in the past five years can apply to work for up to three years. Those with equivalent foreign credentials are also eligible.
This initiative, the first of three to target young Hong Kong residents, was launched on Feb. 8 and had received 5,727 applications as of May 18, Immigration, Refugees and Citizenship Canada press secretary Alexander Cohen said in an email.
The programme received 503 applications in the first three weeks of the launch.
"The ties that bind Canada and Hong Kong run deep. With young Hongkongers casting their eyes abroad, we want them to choose Canada," Cohen added.
Canada is a second home for many Hong Kong residents after their families moved to the Vancouver and Toronto areas ahead of the British handover of its former colony to China in 1997.
After obtaining Canadian citizenship, many returned to Hong Kong, which is now home to about 300,000 Canadians - one of the largest Canadian communities abroad.
As China imposed a sweeping national security law in Hong Kong last year after massive protests, residents of the city moved tens of billions of dollars across the globe to Canada, where thousands are hoping to forge a new future. (Reuters)
HSBC Fined HK$4.2M Over Disclosure Breaches In Research Reports
The Securities and Futures Commission (SFC) has reprimanded and imposed a fine of HK$4.2 million on HSBC for breaching ... Read more
Philippines: The Hidden Fintech Gem You Cant Afford To Miss | Lito Villanueva
The Philippines is the fastest-growing digital economy and home to one of Southeast Asia’s most valuable fintech unic... Read more
SBI And Chainlink Partner On Blockchain And Digital Asset Use
SBI Group, one of Japan’s largest financial conglomerates with assets exceeding the equivalent of US$200 billion, has... Read more
China Considers Yuan-Backed Stablecoins To Advance Global Currency Push
China is considering permitting the use of yuan-backed stablecoins for the first time in a move that could support wide... Read more
Financial Sanctions: LSEG Risk Intelligence Answers Your Key Questions
Financial sanctions are essential government tools for achieving foreign policy objectives – and compliance is mandat... Read more
Korea Development Bank Leads $45M Bridge Round For Upstage
South Korea’s Upstage has secured a US$45 million Series B bridge round supported by Korea Development Bank (KDB), Am... Read more