China in 2 minutes a day
Top news and analysis delivered to your inbox

Thousands of wealthy Chinese pay nearly $400,000 for the right to live in Hungary

3 weeks ago
early 10,000 wealthy Chinese have each paid roughly $400,000 for a government bond and processing fee to obtain the right to live in Hungary. After five years, about $337,000 is returned to the buyers, and they can remain in the country. Hungary's prime minister, who has taken aggressive measures against other migrants from places like Iraq, Syria and Afghanistan, described the "residency bond" scheme as successful because of the money it brings into the nation.
By Lucas Niewenhuis