Hong Kong residents in the Mainland “restricted purchase exemption” has caused widespread concern.

Editor’s note: This article is from Economic Observer Network , author: Raoxian Jun, authorized reprint

According to Xinhua News Agency, on November 6, the Chief Executive of the Hong Kong Special Administrative Region, Mrs Carrie Lam, announced in Beijing that after participating in the Guangdong, Hong Kong and Macao Dawan District Construction Leading Group Meeting, 16 publicity benefits and convenience Hong Kong professional sector to Dawan Policy measures for district development.

Lin Chung-yiu said that at the meeting, the Leading Group agreed that there are 16 measures in three categories. The first category is to benefit the public, mainly the policy measures of Hong Kong and Macao residents. The second category is to assist the professional sector. The measures to enter the Guangdong, Hong Kong, Macao and Dawan district cities; the third category is to cooperate with the construction of Guangdong, Hong Kong and Macao Dawan District to become an international science and technology innovation center.

The Huimin measures include exempting Hong Kong residents from purchasing restrictions on the number of years of purchase of houses in the Dawan District cities; supporting Hong Kong residents to use mobile electronic payments in the Mainland; and ensuring that Hong Kong and Macao residents working in Guangdong enjoy the same benefits as children from mainland residents. Education; Non-Chinese nationals Hong Kong permanent residents can apply for visas or residence permits within two to five years of validity in the cities of Guangdong, Hong Kong and Macau.

Among them, Hong Kong residents in the Mainland “restricted purchase exemption” has caused widespread concern.

Before, according to the “Notice on Adjusting the Policies for Foreign Investment Admission and Management in the Real Estate Market” issued by the Ministry of Housing and Urban-Rural Development in 2015, overseas individuals who work and study in China can purchase self-use and self-occupied commercial housing that meets actual needs. For cities with housing purchase restriction policies, overseas individuals should purchase houses in accordance with local policies.

The Economic Observer Online reporters refer to the public policy of the nine cities in Dawan District. In addition to Huizhou and Zhaoqing, the seven cities of Guangzhou, Shenzhen, Zhongshan, Dongguan, Foshan, Zhuhai and Jiangmen have corresponding restrictions on the non-city registration. The policy, and the new regulations in the Dawan District mean that Hong Kong residents will be able to break through the restrictions on purchases in the inland cities of Dawan District.

However, many real estate agents familiar with the situation in Dawan District revealed that it is not difficult for Hong Kong residents to buy houses in cities in the Mainland. In Shenzhen, for example, Hong Kong residents can purchase a house in Shenzhen on a family basis. For real estate, if you register a company, you can buy a commercial property in the name of the company. In addition, under the current system, Hong Kong residents owning property in other mainland cities will not affect their purchase in Shenzhen.

In addition to the convenience measures, Mrs Lam also announced policies to support the professional sector, including the policy of the Hong Kong legal profession, the construction industry, the insurance industry and the bond industry.Support, as well as innovation and technology policies, including support for the construction of the Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone, the entry of animal-derived biological materials into the Mainland, and the convenience of the transit of human genetic resources in the Mainland to Hong Kong and Macao.