Expat Hong Kong News

Latest 10 news items tagged Hong Kong

4 Dec at 4 PM 2014

Hong Kong’s expats told to brace themselves for cold weather

Weather authorities in Hong Kong have delivered a message to residents of the normally humid city: wrap up warm as winter is on its way. The Hong Kong Observatory issued the Cold Weather Warning as the temperature dropped to 21 degrees Celsius on Wednesday afternoon. It advised residents to be prepared for temperatures to plummet further in the days ahead - as far down as 11 degrees Celsius, according to forecasts. In a statement published on its website, the Observatory urged people to wear warm clothes and avoid adverse health...
1 Dec at 9 AM 2014

Dubai named world’s best city to work

Dubai has been voted the best city on Earth to work, beating off completion from the likes of Hong Kong, London, Singapore, Paris and New York. According to a recent survey carried out by Insead’s French alumni association, Dubai came first on a list of 15 of the world’s seemingly most desirable places to live. The researchers questioned 835 alumni from the school’s European-based campus who had gained experience working in the 15 cities involved. Among the things taken into account were the availability of young talent,...
11 Nov at 6 PM 2014

Expat investors worldwide lose £400 million in Oz Ponzi scheme

The latest financial scandal to rock the expat world has resulted in massive losses due to the activities of commission-hungry rogue salesmen and greedy product providers. Individual losses range between many hundreds of thousands to pension pots of £100,000 or less, with the staggering total making the collapse of the unregulated LMIM fund one of the most damaging since the 2008 crash. Warnings about the instability of the investment had been circulating online since 2009, when long delays in honouring redemption requests first set...
11 Nov at 6 PM 2014

Hong Kong expat banker lifestyles slammed after grisly murders

Expats working in Hong Kong’s famous banking and financial sector are taking flak for their hedonistic lifestyles following the gruesome murder of two Indonesian girls by one of their number. The victims, found in an upmarket condo just a short walk from the ex-colony’s red light district, were reputedly killed by Rurik Jutting, a British expat who formerly worked as a securities trader for Merrill Lynch. The accused man was a regular on the strip’s girlie bars, with drugs and sex toys found in the apartment adding to the...
7 Nov at 6 PM 2014

Deadline December for toxic death bond misselling complaints

Expat investors who were mis-sold unregistered EEA Life Settlements Fund bonds have until December to launch complaints. The Guernsey-based collective investment scheme, composed of traded US life policies, was wrongly marketed as low risk for some years to Europe and Asia-based expats by commission-hungry salesmen. Following the UK Financial Services’ 2011 ban on the sale and marketing to retail investors of such products, a rush of redemptions resulted in the fund’s suspension. By then, 4,700 investors, many of whom were...
3 Nov at 6 PM 2014

Advisors fear HMRC plans suspension of India QROPS jurisdiction

Financial advisors providing QROPS pension transfers to expat investors are fearful that the UK’s HMRC is planning to suspend India’s position as a QROPS jurisdiction. Alarms were raised in the sector after the authority rushed out a revised list of QROPS just days after the regular list was issued. On the new list, five previously authorised India-based QROPS were shown as suspended. Since the beginning of 2013, 19 India QROPS have been marked as suspended, leaving just seven of the original 26 pensions still able to accept UK...
30 Oct at 6 PM 2014

Hong Kong expats support protestors by running umbrella shaped marathon

Although Hong Kong’s expat community is divided over the ongoing student protests in the heart of the city, two of its number today took part in an umbrella-shaped 102 km marathon in support of democracy. The pair, both experienced ultramarathon runners, were expecting to take around 15 hours to cover their planned course, shaped on a map of Hong Kong as an umbrella in honour of the protestors. John Ellison and Andrew Dawson told reporters prior to the start that the route had been deliberately designed to be long and hard as it...
28 Oct at 6 PM 2014

US expat woes increase thanks to FATCA

A recent survey undertaken with a sample of US expats living in popular destinations revealed that almost three-quarters of respondents had considered voluntarily renouncing their citizenship to avoid the onerous FATCA requirements. The complications of endless form-filling, the threat of being barred from opening local bank accounts and the invasion of personal financial privacy have already resulted in an unprecedented number of US expat citizens giving up their passports. According to the survey, 73 per cent of respondents admitted...
21 Oct at 6 PM 2014

UK Foreign Office warns expats over increasing terrorist threats

As conflicts erupt in European as well as the Middle East and Asia, the UK Foreign Office has stepped up its travel warnings to both tourists and expats. France is the number one target for the latest British authority warnings to UK residents as well as visitors to the popular tourism and expat hub. A triple warning has been issued, with the expected terrorist backlash against France’s military intervention in the war between the Kurds and ISIS at the top of the list. According to the French government, security measures have...
15 Oct at 10 AM 2014

Are protests affecting the Hong Kong expat community

Expats in Hong Kong are now living through an unprecedented level of protests against China’s Communist rulers, but how is the seemingly unresolvable drama affecting the expat community? Started, as are many similar events worldwide, by local students and now spread to hundreds of thousands of Hong Kong citizens who value their island’s democratic basis, the protests are certainly making everyday life difficult for the city’s large expat community. Few Westerners are seen in the morass of people, but many are forming their own...