Expat Hong Kong News
Latest 10 news items tagged Hong Kong
30 May at 4 PM 2016
A recent survey has revealed that, although most expats believe European cities are relatively safe, the top-scoring locations are the most expensive.
In spite of the recent horrific terrorist attacks in Paris and Brussels, the majority of expats still believe Europe to be the safest continent for working relocations or retirement. The study took in political stability, crime in general, the effectiveness of local police forces and each country’s relationship with its bordering nations, surveying 230 popular expat...
20 May at 6 PM 2016
The fat housing allowance packages gifted to top expat banking and finance executives in Hong Kong
are becoming the thing of the past.
Long regarded and much envied as a golden privilege only offered to senior expat banking and finance executives, the massive housing allowances granted as a part of top-flight relocation packages are being slashed to sensible levels or, worse still, eliminated altogether. Luxury living on Hong’s exclusive Peak is being downsized to less prestigious locations and the luxury housing market is suffering...
18 May at 6 PM 2016
When getting away from it all truly means getting away from it all, the South China Karst region is heaven on earth.
The three provinces of Yunnan, Guangxi and Guizhou together make up one of the most spectacular spots on the entire planet. This unique topography features massive limestone crags, rich jungle foliage, rushing waterways and remote, peaceful villages known for their positive effect on health and longevity. Although the region is becoming known to Chinese tourists, it’s virtually unheard of on the expat circuit, with...
4 May at 6 PM 2016
Expat quality of life in Beijing is being seriously affected by soaring rental increases.
Although rent increases in Beijing are nothing new, greedy Chinese landlords nowadays are putting the screws on expat tenants as never before, especially in the more popular expat districts. Average rents in China’s capital rose last year by 14 per cent on top of the usual annual increases in previous years.
A recent report from the Global Cities Business Alliance named Beijing as the world’s most expensive city for expat rentals, ahead...
25 Apr at 6 PM 2016
After 125 years’ service to expats and residents on Britain’s overseas territory Rock of Gibraltar, Barclays Bank is finally shutting its doors and departing.
A strategic review of the bank’s operations in Gibraltar took place in 2014, sounding the death knell for over a century of providing financial services to residents and expats on the Rock. Since then, a skeleton staff of 14 permanent employees and two contracted workers has focused operations on the bank’s local high net worth clients and large businesses.
20 Apr at 6 PM 2016
A Beijing-based start-up has launched a new app aiming to give much-needed assistance to non-Mandarin-speaking expats living and working in China.
With what seems like a genius of an idea for those whose brains just can’t get to grips with one of the world’s most difficult languages, GrabTalk’s new app is bound to be a roaring success. Nowadays, more and more expat professionals are flocking to the new opportunities and challenges of China, most of whom are encountering daily difficulties due to an inability to...
31 Mar at 6 PM 2016
In spite of its reputation as a haven reserved for the wealthy, the cost of living in this famous city can simply depend on each individual expat’s chosen lifestyle.
Luxury cars, glamorous, brand-new, high-rise apartments, high-end dining and top private schools can all make a serious dent in even the biggest salaries or retirement packages. However, the attractions of the city-state appeal just as strongly to many expatriates with far more modest means. Living as the locals do makes dreams come true, even on a small monthly budget....
29 Mar at 6 PM 2016
Following the Chancellor’s warning over an upcoming crackdown on buy to let rules, an offshore lender’s Jersey and Guernsey branches are reporting a huge increase in expat demands.
Skipton International is now introducing a streamlined buy to let mortgage application process in order to deal with the soaring demand from retired expats. A change in borrowing criteria is expected, allowing more expats wishing to invest in British buy to let properties to qualify for the popular product.
According to a recent announcement by the...
16 Mar at 6 PM 2016
Beating out traditional hot spots such as Hong Kong
, the USA and Singapore, the two emirates of Qatar and the UAE give female professionals more income, savings and career opportunities across the board.
According to the 2015 HSBC Expat Explorer survey, the UAE tops Qatar by a small margin for women prioritising financial incentives. Over half of the respondents rated career progression, high salaries and the ability to save part of their income as the prime reasons for relocating overseas.
Almost 10,000 expat women took part in...
11 Mar at 6 PM 2016
Even although prices in the tiny city state have been easing for a while, Singapore has kept its position as the world’s most expensive city.
The Economist Intelligence Unit’s 2016 survey of the cost of living in major world cities has confirmed Singapore’s place for the third year in succession as the world’s costliest place to live. The Southeast Asian metropolis headed up Zurich, Hong Kong
, Geneva and Paris, with London coming in at sixth place and New York rated as seventh.
The survey compares the prices of over 160...