More wealthy Chinese go for Green Card

Investment immigration becomes more popular than previous years, agencies say

More Chinese rich people join the trend to pursue American permanent residency by making investments in the United States. But they may be victimized by financial traps set up by domestic immigration agencies and foreign investment organizations, local expert warned.

Qi Lixin, chairman of Beijing Entry & Exit Service Association, said the number of applicants for the US EB-5 visa through investment almost doubled in 2009, from around 500 last year to over 1000 this year. The main reasons for them to do so are to provide a better education environment for their children and to look for further business opportunities.