Overview

• The five-year multi-entry visa allows stays of up to 90 days for business, tourism, and family visits.
• Some analysts predict a temporary decline in local retail and catering sectors as residents spend more on the mainland.
• Proponents argue the policy could attract expatriates back to Hong Kong, boosting the local talent pool and economy.
• Businesses welcome the streamlined travel process, which could enhance Hong Kong's role as a gateway to China.
• The policy aims to facilitate greater integration between Hong Kong, Macau, and the mainland, promoting overall national development.