"Chinese are the nine out of ten applicants for Australia's new special investment visas called the sub-class 188."
The sub-class 188 is a scheme which favours visa applicants who are equipped to bring in over $440 million to Australia. So far there are already 65 Chinese millionaires who had qualified for the scheme, according to the Australian Department of Immigration and Border Protection. All in all, these Chinese had invested 26.5 million yuan according to market analysts. Their investments went to state government bonds, specific infrastructure and property investments mostly in Victoria and NSW.
