Expat Hong Kong News

Latest 10 news items tagged Hong Kong

19 Sep at 6 PM 2017

New survey for compensation packages based on price of one beer

A new approach to cost of living surveys, calculated on the price of a beer, gives more accurate results than traditional studies. It goes without saying that surveys can be very useful for expats looking for new assignments or pensioners looking for an exotic retirement, but a new, simpler approach is likely to prove very popular as a reference. Similar to the Economist’s ‘Big Mac’ survey, which based the purchasing power of top currencies on the cost of a hamburger, Sovereign’s new survey kid on the block is basing itself on...
18 Aug at 6 PM 2017

Surge in young professionals looking to emigrate

Relocation companies are seeing a surge in the numbers of younger professionals looking to leave their countries of birth. For several decades, demographics related to expats have shown older professionals and retirees as the two main groups looking to emigrate, but a recent survey seems to have overturned the balance. The study, undertaken by a leading relocation company, indicates it’s those between the ages of 18 and 35 years who are desperate to try a new life overseas. Inquiries by young creatives and other professionals have...
10 Aug at 6 PM 2017

Stay or Go is UK retiree dilemma

EU member states and Spain in particular are still on the retirement agenda for UK would-be expats. Britons coming up on retirement are still favouring European destinations in spite of the uncertainty surrounding the final outcome of the Brexit negotiations. A recent survey has revealed one in every 10 UK citizens over 50 years of age is still considering retiring abroad, with Spain topping the favourites list again. As usual, reasons for leaving include the British weather, a more relaxed lifestyle and cheaper costs of living....
9 Aug at 6 PM 2017

Buy to let loans even more popular with UK expat investors

Following on from last year’s considerable increase in expat applications for buy to let mortgages, 2017’s total to date is even higher. Over £500 millions’ worth of enquiries for UK buy-to-let mortgages have been made to one lender since the beginning of this year. The amount represents a 130 per cent increase on the same period in 2016, with 25 per cent of enquiries coming from UK expats working in high-salaried locations. Brits in the UAE accounted for a quarter of the total, with 12.5 per cent from the USA, Hong Kong at nine...
26 Jul at 6 PM 2017

New QROPS rulings unlikely to deter many pension savers

Many expats and would-be expats are now worried that QROPS as an efficient, tax-friendly investment option may soon be dead in the water due to recent changes. QROPs experts are rushing to clarify the recent changes to QROPS rules by Britain’s HM Revenue and Customs in order to reassure investors looking to take advantage of the best way to deal with their pension pots. Several recent reports seem to indicate the popular product is stuttering, but the reality is that around one thousand offshore pensions are still available in 29...
20 Jul at 6 PM 2017

Europe losing out as expats prefer Asian Tiger states

Increasing numbers of British professionals are shunning traditional European expat hubs and heading east to the four Asian Tiger states. South Korea's capital Seoul, Taiwan, Hong Kong and Singapore are the new now for ambitious Britons looking to boost their careers in unique, exotic environments. In a recent survey, Asia holds five of the world’s most expensive cities, having taken over from Europe’s eight out of ten in 2007. The accelerated growth of the Asian Tiger states derives from their industrial and financial strength...
28 Jun at 6 PM 2017

Expat salaries in Singapore falling fast as prices soar

Singapore is now one of the world’s costliest cities for expats, with salaries falling as the cost of living rises. Even although expat wages in Singapore are still some of the most generous on the planet in spite of recent cuts, the city-state’s soaring cost of living is leaving over a million foreign workers struggling to make ends meet. Since the beginning of the year, the total value of Singapore expat packages has slumped by six per cent to an average of $316,000 per annum, whilst its rival Hong Kong’s average packages...
23 Jun at 6 PM 2017

Survey shows Gulf states rising costs of living

In spite of readjustments in their local economies, Abu Dhabi and Dubai’s survey rankings have moved up, indicating more expense for expats in the region. The Mercers cost of living survey found that Dubai had risen one point to 20th most expensive world city, with Abu Dhabi following on at 23rd, two points up from last year’s study. Several other Gulf cities including Doha, Muscat and Riyadh also featured in the list of top 100 most expensive expat destinations. The Dubai and Abu Dhabi ratings come as something of a surprise as...
20 Jun at 6 PM 2017

Hong Kong expat exodus opens doors for Chinese investment bankers

Two decades after the Hong Kong archipelago was given back to China, investment bankers and financiers from the mainland are taking over as Western expats leave. Following an exodus of Western expat bankers, Hong Kong’s elite financial ranks are now being swollen by an influx of professionals from the Chinese mainland. Western banks’ lay-offs of expensive professionals in the sector has created opportunities for equally talented incomers from mainland China eager to create their own brand of financial prowess. The influx is...
14 Jun at 6 PM 2017

Chinese foodies fall in love with expat pasties and cream teas

A former Royal Marine Commando with a love of the traditional tastes of Cornwall is now the highly successful proprietor of Dongguan’s cream teas and pasties eatery. Alan Stroud has lived in China for the past 20 years including a stint in Hong Kong, and has always admitted to a craving for traditional British delights such as Marmite, meat pies, tangy English cheeses and, of course, Cornish pasties. Whilst working in Kunming, he met up with a good number of expats who also missed pasties, giving him the idea of marketing them one...