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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


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...

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