Chinese account for over 80 percent of U.S. investment visa applications

Mainland Chinese account for over 80 percent of people awaiting visas that bestow U.S. citizenship in return for investment, showed findings by real estate services firm Savills Studley, who said the trend is pushing up demand for commercial property.

A rising number of Chinese are applying for EB-5 visas, where non-citizens put at least $500,000 into a business in the United States, as they seek to park their wealth offshore - in part to escape the impact of an anti-corruption drive at home...(Reuters)