Australia's signification investor has been changed recently.The funds can be invested in other corporate bonds, listed companies, annuities or real resources, subject to a limit on property investment. Under new rules, while the total investment limit remains $5m, foreigners will required to invest at least $500,000 in private equity funds and venture capital investing in small private companies, and another $1.5m in managed funds that invest 80 % of their assets in rising companies.
The note also proclaimed the opening level of SIV issuance is only bit of 3.5 million Chinese residents are estimated with net wealth of above $US5m and those estimates capital flows of $10bn if case the demand increases and all available visas are granted to SIV applicants.
