Expat Hong Kong News
Latest 10 news items tagged Hong Kong
22 Mar at 6 PM 2017
For expats looking to work overseas, there’s a whole new culture developing, especially in Asia, in which the focus is on informal expat start-ups rather than corporate postings with all the trimmings.
Traditionally, becoming a working expat involved relocation to an overseas subsidiary of a multinational Western company, with fixed term contracts and financial packages on hand to ease the transition. Nowadays, a new breed of ‘expatprenuers’ are journeying to the same destinations and starting up their own businesses, helped by...
14 Mar at 6 PM 2017
Once a popular hub for expat women professionals, Hong Kong
is now being replaced by Taiwan due to its gruelling work hours and spiralling cost of living.
According to the recent InterNations poll aimed at female expat professionals, Hong Kong
’s appeal as an expat hub has crashed from 12th to 29th place over the past year. After years of being at or near the top of the expat tree for overseas assignments, the island city is now rated 53rd out of a total of 191 countries represented in the survey.
It seems the main problem for...
10 Mar at 6 PM 2017
The Australian diaspora is one of the expat world’s most impressive, with at least a million Aussies living and working outside the home country at any given time.
Adventurous as Oz expats undoubtedly are, there’s still the human need to be with like-minded souls, thus creating enclaves of Australian nationals in diverse locations across the world. Just under 50 per cent of wandering Aussies head for Europe, and some 24 per cent of those already overseas are gravitating towards Asia as their next stop on the expat trail.
14 Feb at 6 PM 2017
Expats wishing to settle themselves in China but who don’t like the idea of Beijing’s smog, crowds and fast, expensive pace of living might like to consider a few smaller, more laid back Chinese cities.
Whilst Beijing is China’s expat hub for foreign starts-ups and lifestyles, not every new arrival in this ancient land wants to experience its high cost of accommodation and living, the lack of pure air and the massive crowds. For those considering a move to China, Beijing isn’t the only option, and there are many advantages in...
6 Feb at 6 PM 2017
The British Financial Conduct Authority is planning to crack down on both domestic and international investments and pension transfers, in a move which may benefit expats in the UAE as well as in the rest of the world.
Information on the long overdue move by the FCA comes in the form of an alert based on the growing number of expat investors being persuaded into unsuitable products or downright scams. Over the last decade, the worldwide Brit expat community, many of whom are retirees unused to investing, has been at risk from...
20 Jan at 6 PM 2017
Vietnam and its capital Hanoi are increasingly rated as not only the cheapest Southeast Asian destination for expats, but also as a great place to grow a new career.
Although the relocation process itself isn’t exactly inexpensive, once you’ve arrived to start your new life you’ll find the cost of living is far cheaper than the vast majority of favoured expat destinations in the region. A recent survey charted living expenses as averaging some $700 a month, including rental, transport, food drink and the essential smartphone...
4 Jan at 6 PM 2017
Due to its recent rating as the 16th most expensive world destinations for expat professionals, Singapore’s reputation as a hub for the good life may be at risk.
When it comes down to choosing a country which delivers the perfect expat professional environment, earnings versus expenses are a prime consideration. Those on expatriate contracts are still being provided with car and housing allowances, enabling a comfortable lifestyle similar to that in their home countries. However, those on local terms may not be in this enviable...
3 Jan at 6 PM 2017
Expats determined to further their careers should still head for the UAE, according to the latest survey by HSBC.
Regarded as the best expat destination for successful careers in Asia and the Middle East, the UAE is also the fourth best in the world for salaries, relocation benefits packages and overall lifestyle.UAE-based responders to the Expat Explorer survey numbered over 3,000, with the results showing the work environment had improved still more over the results of the 2015 study.
The survey included a number of categories...
2 Jan at 6 PM 2017
Founder of LM Investment Management Peter Drake has walked free from an Australian federal court after being cleared of wrongdoing.
Charges against Drake were brought by Australia’s Securities and Investments Commission after the April 2013 collapse of what has been described as an ‘elaborate Ponzi scheme’ by advisors to the 1,200 investors robbed of a total of $800 million. The investments are reputed to have been touted across the expat world by commission-hungry independent financial advisors, the majority of whom were working...
15 Dec at 6 PM 2016
Expats working in the UAE are expected to benefit from the emirates’ insurance regulator’s decision to ban up-front indemnity commissions taken by financial advisors working within the expat sector.
The regulator’s decision was taken in order to align the industry with jurisdictions such as the UK and Hong Kong
, whose regulations have been changing over the past several years to facilitate the phasing out of upfront commissions. The moves are understood to be the result of a huge number of reported financial mis-selling and...