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

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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.
1 year ago
Lucas Niewenhuis
By Lucas Niewenhuis
Lucas Niewenhuis is an associate editor at SupChina who helps curate daily news and produce the company's newsletter, app, and website content. Previously, Lucas researched China-Africa relations at the Social Science Research Council and interned at the Council on Foreign Relations in New York. He has studied Chinese language and culture in Shanghai and Beijing, and is a graduate of the University of Michigan.
China in 2 minutes a day
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