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Chinese millionaires snub Aussie stocks-for-visa programme

Old system in place since 2012 drew over 1,600 applicants, mostly from China; only 19 applied since new rules in July

Sydney

CHINESE millionaires who happily invested in Australian bonds and real estate to get residency visas are turning up their noses at small-cap stocks.

Just 19 people have sought permits since Australia overhauled requirements for its investor visas in July by forcing

sentifi.com

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