I was interested to come across this “Education Bond” that is being launched in the UK- between private equity firm, Gaw Capital, and InvestUK. It aims to allow Chinese, and other foreign students, to invest in property in the UK and thereby acquire permanent residence.
This made me think about the appropriateness of such a “bond” in New Zealand. Some 33,000 Chinese student visas have been granted in this country, as at July 26 2016, according to an article by Radio NZ.
The article also states: “Immigration New Zealand figures showed it approved 33,425 visa applications from Chinese students in the 12 months to the end of June.
That figure was up from 29,880 in the preceding 12-month period and a significant increase from a low of 21,777 in 2009/10.Annual study visa approvals for China had not been so high since 2006/07, when 34,448 were approved.”
Surely, such a bond would be the way New Zealand should go? But imagine if it were approved.There would certainly be an uproar. The question, however, whether it would be the right thing to do.