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Aussie visa scheme set to lure Chinese HNWIs

The wealth management industry Down Under may be about to experience an influx of wealthy Chinese as the result of a new visa scheme initiated by the Australian government. The Significant Investor Visa scheme is aimed at attracting foreign investment and business into Australia in exchange for permanent resident status. Specifically, wealthy individuals who both invest AUD5 million (US$5.2 million) into…

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