Thousands Of HK People Seek BNO Visas: Report

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

"); });
2021-04-16 HKT 10:23
Hong Kong people are applying for the bespoke visa route for British National Overseas passport holders at a rate of 3,000 per week, The Times newspaper reported on Friday, quoting leaked figures.
More than 35,000 British National Overseas (BNO) citizens from Hong Kong have applied for the five-year scheme, The Times reported.
The immigration route was offered to Hong Kong people in light of Beijing’s crackdown in the territory.
The British Home Office has forecast that between 123,000 and 153,000 BNO citizens and their dependants will apply in the first year, the newspaper reported.
It said some 350,000 Hongkongers hold BNO passports and a further 2.5 million are eligible for one.
With an additional 2.5 million dependants, up to 5.4 million Hongkongers could apply for the visa and a path to full British citizenship.
The UK government has put no limits on the number who could be admitted but expects many to stay in Hong Kong or prefer to move to places in the region, such as Taiwan or Singapore.
The permanent scheme offers a much more generous visa than previous routes for Hongkongers, including five years’ leave to remain. After the five years they will be able to apply for settled status and after a further 12 months they will be able to apply for citizenship.
This month London announced a £43 million fund to help Hongkongers to integrate into local communities. The programme will use 12 “welcome hubs” to help them to access housing, education and employment to build a life in the UK.
A British government spokesman said: “This new visa route reflects the UK’s historic and moral commitment to those people of Hong Kong who chose to retain their ties to the UK by taking up BNO status . . . [they] will be expected to be self-sufficient and contribute to UK society and the implementation of this visa is estimated to have a net positive impact on the UK.”
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