Expat Hong Kong News

Latest 10 news items tagged Hong Kong

26 May at 6 PM 2017

UK and USA uncertainties spur expat interest in Australian job market

Aspiring expat jobseekers are turning their attention to Australia due to Brexit uncertainty and the political and economic effects of the Trump presidency. A 30 per cent surge in the numbers of job seekers from overseas hit Australia’s recruiters at the beginning of April and shows no signs of slowing down. The biggest increases in applications came from India, up by 55 per cent on last year’s totals, with Japan at 49 per cent, Ireland at 11 per cent, the UAE at 26 per cent and South Africa at 22 per cent. The rise came in spite...
24 May at 6 PM 2017

Survey shows favourite countries for expat professionals

Uncertainly about where to relocate is beginning to haunt expats’ lives, but some countries are still attractive for professionals determined to make the move. Immigration issues are causing uncertainty in many former expat hubs including the USA and UK, but determined expat professionals can still find a home for their talents and aspirations. A recent InterNations study identifies those countries which still welcome the best and the brightest by offering them great salaries and benefits as well as comfortable, well-balanced...
24 May at 6 PM 2017

SEC probe hits international FA firm targeting UK expat pension pots

An international financial advice firm specialising in targeting British expats’ pension funds and investments is now being investigated by the USA Securities and Exchange Commission. The DeVere Group has long been active in retirement destinations favoured by expats from the UK, with its high fees and aggressive marketing tactics drawing complaints from retirees whose pension savings have been decimated. Already sanctioned in Hong Kong and Singapore, formerly listed in the Thailand SEC’s unauthorised FAs list and on Japan’s...
22 May at 6 PM 2017

Expensive Asian cities worth the price for ambitious expats

The world’s most expensive cities for expats are still regarded as dream destinations by ambitious professionals. Asia is the latest Shangri-la for international companies looking to expand their influence even further, although the average cost of living in the most favourable destinations is continuing to rise. Being posted to one of the planet’s most expensive cities can be a challenge, even with a generous expat package, but determined professionals are still grabbing the chance to live like kings at the same time as advancing...
17 May at 6 PM 2017

Hong Kong losing its charm for expat professionals

Once the favoured exotic destination for expat professionals, Hong Kong is losing ground to India and Japan due to its shrinking benefit packages. Expat pay packages and benefits in Hong Kong, once a favourite of expat professionals looking to get the best deal, are at their lowest point since 2012. The once generous terms of employment have dropped by 5 per cent and are now eclipsed by job offerings on the Chinese mainland, in Japan and in India. The average package of salary and inclusive benefits for middle managers is now at...
10 May at 6 PM 2017

Survey reveals majority of Brit expats determined to stay put

As the UK digs itself ever deeper into the hole of a hard Brexit, a small survey by a financial services company has revealed a distinct lack of British expat enthusiasm for ever returning to the home country. The survey, although clearly initiated for marketing purposes, stated that out of the small number of 808 expat respondents, 70 per cent said they had no intention of ever com9ng back to Britain, whilst 21 per cent said they might consider the possibility and just 10 per cent said they would return eventually. Another result...
10 Apr at 6 PM 2017

Hong Kong expats relocating from hi-so districts due to soaring rentals

Soaring real estate prices in Hong Kong’s traditional expat areas are spurring moves to less expensive districts. The traditionally favourite enclaves for the expat community in Hong Kong including Mid-Levels, Discovery Bay, the Peak and Southern District are now no longer affordable for the bulk of foreigners working in the island city. Nowadays, Hong Kong is the most expensive destination in Asia for high-end apartment rentals and, although salaries are still high, many expats are moving to more affordable, less expat-oriented...
22 Mar at 6 PM 2017

Expatprenuers set new trend in Asian business hubs

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

Female expat professionals rejecting Hong Kong gruelling working hours

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

Best Aussie enclaves in expat destinations

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. For...