Expat Hong Kong News

Latest 10 news items tagged Hong Kong

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...
9 Jun at 6 PM 2017

Study shows UK expat professionals happy to stay overseas

A recent study has revealed only one in every 10 British expats living overseas has any serious intention of returning to the home country. The survey’s results showed the majority of expatriate Britons had made the decision to leave due to relocation by their company or the desire to start a business overseas. No mention was made of the hundreds of thousands of retirees who left for a better quality of life in a warmer country, very few of whom, it would seem, have any intention of returning to a post-Brexit world. Respondents...
8 Jun at 6 PM 2017

Plunging pound helps reduce EU expat living costs

The UK’s cost of living for EU and other expats drawing in money from foreign accounts has fallen dramatically since the Brexit referendum. A new global cost of living survey has seen the plunging pound sterling bringing benefits for expatriates paid in foreign currencies. UK cities are now the cheapest as regards the cost of everyday living for ten years or more, dropping to 68 places lower in the global survey. Formerly placed high in the listings of the top 100 most expensive cities, London’s ranking of 132nd is an all-time low,...
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...