The proposed Population Policy strives to improve the overall quality of society to fulfil the vision of Hong Kong as a knowledge-based economy.

Speaking on a radio programme today, Chief Secretary for Administration Donald Tsang said the Task Force on Population Policy arrived at the proposed $6.5 million threshold for investment immigrants after making reference to similar schemes in other countries.

He said the proposed amount is suitable and attractive.

Prospective applicants will be allowed reasonable flexibility to invest, including investments in real estate and specified financial assets.

Mr Tsang said the Government will review the Policy annually and amendments will be made if necessary.

He said the decision to adjust the minimum allowable wage for foreign domestic helpers is based on a long-established mechanism.

He rejected suggestions that the move was discriminatory.