Expat China News
Latest 10 news items tagged China
26 Nov at 6 PM 2013
Results of a recent survey on salary trends suggest that expats working in Latin America will see the highest salary increases in 2014.
The Salary Trends survey, initiated by ECA International, revealed bad news for UK employees, who may only receive 3 per cent rises, if any at all. With inflation in the UK taken into account and the recent swinging increases in power prices and commuter rail tickets, it seems British workers will feel no relief from hard times.
The UK is second only to Finland as regards the miserliness of...
22 Nov at 6 PM 2013
Wealthy residents as well as expats working in Hong Kong are backing off from banks and financial advisors in favour of internet sites dealing with investment and finance.
The city’s investment market recently suffered a severe blow due to new, stricter rules applying to FAs and banks, with regulators putting the brakes on high-risk investments such as insurance-wrapped funds. A survey by Friends Provident, an Isle of Man insurance company whose Hong Kong office actually facilitates this type of fund, revealed that only 26 per cent...
8 Nov at 6 PM 2013
Expats with properties in the UK may be in the firing line if the Chancellor’s plan to slap capital gains tax on the sales of all overseas investor owned homes goes ahead.
Current UK tax laws exempt overseas property owners from capital gains tax liabilities on real estate sales after five years’ residence abroad, with thousands of first home properties still owned by expats and thousands more owned as a buy-to-let investment. In addition, Central London has become a real estate hot spot for Chinese
and Russian investors, driving...
31 Oct at 6 PM 2013
Five Asian destinations swept the board to take top ratings for quality of expat life in the 2013 Expat Explorer survey.
The results of the 2013 version of HSBC International’s well-known Expat Explorer survey celebrated no less than five Asian destinations as tops for expat quality of life, integration and ease of setting up. Thailand ranked as number one, with China
, Singapore, India and Taiwan taking third, sixth, seventh and eighth positions in that order.
According to respondents resident in the Asian countries, it’s...
17 Oct at 6 PM 2013
Property investment agents in the UK and all over the European states whose economies are in freefall along with their house prices are pushing cheap properties with pre-financial crash enthusiasm.
Greece is a good example of romantic sales pitches for its ‘sun, sea, land and imperishable charm’, as stated by a real estate investment company just last week. The company points out there’s a new tourism boom in the country, and notes the Greek government’s recent climb onto the ‘buy an expensive house and get a free residency...
10 Oct at 6 PM 2013
A new take on business networking by British expats has spread to 12 world countries via very expensive ponies, kit and exclusive polo clubs.
Exclusivity in the expat business world has taken on a new format due to British Polo Day, the brainchild of a premium brand promotion specialist. Ed Olver, CEO of the relatively new company, saw his innovative idea go global in 2012 with polo matches being held in 12 countries including the USA, Singapore, France and China
According to Olver, the lobby of a five-star luxury hotel has lost...
7 Oct at 6 PM 2013
Since Spain introduced its offer of a residency visa for non-EU citizens dependent on a property purchase of over €500,000, real estate professionals have seen a change in expat buying habits.
Buyers from the UK still make up a good proportion of property purchases in France, accounting for 20 per cent of real estate deals. Brittany, Normandy, Midi-Pyrenees and Aquitaine are favourites, with Italian buyers concentrating on Paris and Provence.
Real estate prices are still falling in France, giving a good choice of properties and...
2 Oct at 6 PM 2013
Britons living overseas are fighting shy of investment opportunities in th8ier country of origin, preferring to invest their money in their countries of residence.
Domestic stock markets in a number of popular expat destinations are being favoured over and above the FTSE by almost a third of British investors living overseas, according to a new study. A Lloyds Bank International survey found that Britons in the USA, Germany and Canada had more confidence in the outlook for the local economy than in that for the UK and are betting on...
25 Sep at 6 PM 2013
After a good while spent lurking at the back end of the currency pack, the pound sterling is racing back to life against major currencies, spurred on by positive economic news.
The summer slump in sterling exchange rates may have pleased exporters but it did nothing for holidaymakers and expats who saw their regular pension transfers dwindling monthly. More promising economic indices over the last several weeks have seen the British pound regain its position as the top-performing major currency over a period of six months....
23 Aug at 6 PM 2013
As the exodus of British professionals to overseas locations grows, it’s creating a higher demand for international schools offering a British curriculum.
A number of famous names in British education have already opened international schools in Malaysia, China
, Singapore and Dubai, attracting not just the children of expats but those from wealthy local families as well. The high-profile schools are now contributing around £1 billion annually to the UK economy, and are being seen as stepping stones to a UK university place....