Chinese keen to bring their riches to NZ
By Lincoln Tan
5:30 AM Monday Jan 17, 2011

New Zealand has a strong appeal for rich Chinese people who want to move here as investor migrants.

Two have been granted conditional residencies after investing more than $10 million each in "approved investments" and 43 others - more than from any other country - are waiting to be granted approval or have received approval in principle to transfer more than $1.5 million each.

Acting head of Immigration Jan Clark says the department has also given approval to a third Chinese investor to transfer money.

Immigration Minister Jonathan Coleman said the business migration scheme had attracted $416 million of potential investment capital to New Zealand.

So far, more than $102 million has been transferred and invested here and $133 million has been approved for funds transfer.

Applications worth another $181 million are being processed.

More here.