The Hong Kong Investment Promotion Department reported that the new Capital Investment Entrant Scheme has received an enthusiastic response since its launch on March 1st. By the 13th of this month, they had received over 500 applications and over 5,000 inquiries. It is estimated that the program will bring over HK$15 billion in investment to Hong Kong. Of the applications received, 448 have been verified as meeting the net asset requirements, meaning the applicants have proven they held net assets of at least HK$30 million for the two years preceding their application. 47 applications have been verified as meeting the investment requirements, meaning the applicants have completed a HK$30 million investment in Hong Kong within the six-month time limit. Investment Promotion Department Director General, Mr. Lau Kai-shun, commented that the application numbers for the new scheme reflect high-net-worth individuals' confidence in Hong Kong. The scheme has attracted experienced businessmen and innovative entrepreneurs, strengthening Hong Kong's competitive edge in asset and wealth management.