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Chinese EB-5 activity may be at a five-year peak thanks to the end of lockdowns and the Reform Act

The director of a prominent regional center is seeing more Chinese activity in 2023 than in the previous half-decade. A key reason is China’s newfound travelling freedom after strict lockdown policies. Another driver is the Reform and Integrity Act (RIA) which provides reserved visas for new petitioners and priority processing for those who invest in rural projects. The RIA also allows Chinese nationals in the U.S. to concurrently file their I-526E and adjustment of status, allowing investors to freely work and live in the U.S. before EB-5 petition approval. And despite the pandemic, China’s high-net-worth population grew by five percent between 2020 and 2021.

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