Expat China News
Latest 10 news items tagged China
12 Feb at 6 PM 2014
HM Revenue and Customs is warning all British taxpayers to ignore emails promising bogus tax refunds.
The ongoing scam involves emails being sent by the thousands to British taxpayers, stating that tax refunds are due and providing a link supposedly to an official form requesting details of bank accounts and credit cards. HMRC is urging taxpayers not to click on the links and delete the email immediately.
A number of taxpayers who unwittingly replied to the emails have reported that their bank accounts were emptied almost...
10 Feb at 6 PM 2014
With UK interest rates still at a miserable level and US stocks struggling since the start of 2014, investments in emerging markets may be tempting may expat investors.
Investing in overseas emerging markets was expected to increase after the turn of the year, but the sector has taken a beating for a number of good reasons. Tepid economies, inflation, high debt to GDB ratios and increasing political turmoil have all taken their toll on formerly optimistic projections.
, the new power behind the global economy, has reported a...
29 Jan at 6 PM 2014
, Singaporean and Russian property investors are beating expat investors to the best buys in major world capitals.
With more millionaires than in any country except the USA, and a rapidly expanding number of would-be migrants, it’s no surprise that nowadays the Chinese
are the most sought-out property investors in the world. Around 50 million Chinese
are estimated to be living outside the country, and those still in China
are looking at the big picture as regards investments.
Foreign investors are being offered...
9 Jan at 6 PM 2014
A report in the London Times stating that the UK government is preparing to auction off UK visas, residency and citizenship to high-bidding foreign millionaires is causing anger and controversy.
The report states that, under the scheme, wealthy foreigners could buy their way into the UK by donating to hospitals or universities or bidding for investor visas. The controversial scheme, it seems, was dreamed up and put forward by the government’s immigration advisors and is already attracting a raft of negative comments.
17 Dec at 6 PM 2013
Expats in most popular destinations are having to pay ever-increasing premiums for private heathcare due to local private hospitals' over-treatment and even fraudulent billing.
Foreign nationals everywhere, especially in southeast Asian medical hubs such as Thailand, have seen their health insurance premiums soar over the last several years at a far higher rate than medical inflation alone would suggest. A large number of expats abroad are younger staff on assignment and with international cover, suggesting that increases in claims...
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...