Expat Hong Kong News

Latest 10 news items tagged Hong Kong

9 Sep at 6 PM 2019

Hong Kong expats mull leaving as protests continue

Hong Kong’s popularity a an expat hub is mostly due to its position as one of the planet’s major commercial and financial hubs, but the desire for freedom from China’s oppression may change its face for the future. Last week, a major ratings agency downgraded the city’s credit rating due to the ongoing protests, stating its belief that public discontent is likely to continue. The announcement came in spite of chief executive Carrie Lam’s withdrawal of the vastly unpopular extradition bill which started the protests three...
26 Aug at 6 PM 2019

Resident expat reactions to Hong Kong’s continuing protests

Hong Kong’s massive expat community is diverse in age, nationality and the reasons why they came, but the vast majority have one thing in common – love for this unique island, its natural beauty and its vibrant energy. Often accused of living in a protected, luxurious bubble whilst ignoring the island’s local society and only thinking about the money they’re making, Hong Kong’s expats in reality are well-rounded and down to earth, realising it’s the indigenous population which makes the island so special. The expat...
16 Aug at 6 PM 2019

Hong Kong expats now heading home in a hurry after travel warnings

As the protests continue and the risk of Chinese military action increases, expats in Hong Kong are looking for an exit strategy. Political turmoil resulting in safety concerns is spurring expatriate professionals to consider finding safer havens for their talent. Earlier this week the Canadian government issued a travel warning for those thinking about visiting the beleaguered city, with Canadian nationals already living and working on its main island seriously considering moving on before the seemingly-inevitable arrival of the...
5 Aug at 6 PM 2019

Hong Kong expat banking community decimated by job cuts

Fewer opportunities for Hong Kong’s laid-off expat bankers are destroying the dream. Once a prime location for expat bankers, Hong Kong is now immersed in seemingly endless violent protests as well as an employment desert for expat bankers recently laid off by their employers. Reasons for the banking sector’s shrinking labour market include increasing demand for Mandarin speakers and cost-cutting by international banks located on the island. Deutsche Bank’s recent announcement of a swathe of cuts made the situation even worse...
2 Aug at 6 PM 2019

Expats in Hong Kong join anti-government protests

Expats are now joining Hong Kong protestors in a fight to save the special administrative region’s autonomy. Originally intended as a protest against new and now suspended litigation to allow extradition to China, demonstrations are now in the eighth week and Hong Kong residents aren’t showing any sign of giving up. For decades, the city has been an all-time favourite for expat professionals, many of whom are now concerned about their and the former British colony’s futures. Over the past two months, the issue has broadened to...
26 Jul at 6 PM 2019

Thai wives of expats on Koh Samui lose millions of baht in Ponzi scam

The Thai wives of expats living on the Thailand holiday isle of Koh Samui were amongst the 200-plus victims of a Ponzi scheme started by a female gift shop owner. Totals of baht lost to the pyramid scam are reported to be over 120 million baht (approx. $3,500,000). The scheme is believed to have been started by the owner of a gift shop, a woman known only as Bew, with hundreds of local people putting in sums ranging from 10,000 baht to 500,000 baht. A few received just 30 per cent of the amount they’d put in before Bew disappeared...
19 Jul at 6 PM 2019

Asia now a hub for expats pursuing crypto dreams

Asia is now the world’s favourite hub for expats’ crypto careers. Expats from the West are now congregating in Asian countries in the hope of furthering their crypto careers. According to those on the scene, hopefuls from the USA, the UK, Australia and Europe are arriving in far greater numbers than ever before, all working to grab a slice of the amazing opportunities on offer, with Crypto companies springing up like mushrooms to boost this emerging market. Unlike in other world Crypto communities, the Asian version seems to...
19 Jul at 6 PM 2019

Private bankers overwhelmed as Hong Kong millionaires transfer fortunes overseas

As the riots and marches continue in Hong Kong, jittery millionaires are transferring their cash to Singapore’s safe haven. Wealth managers and private bankers are being overwhelmed by enquiries as Hong Kong’s most wealthy residents struggle to get their cash out of the former British colony, even although the controversial extradition law seems to be dead in the water. One Singaporean wealth manager who prefers to remain anonymous told the media his firm had received a sizeable flow of new money originating in Hong Kong over the...
5 Jul at 6 PM 2019

Are the ultra-wealthy departing Hong Kong for politically stable Singapore?

Upscale wealth management companies are now shunning Hong Kong in favour of Singapore. International wealth management firms planning to open in Hong Kong are changing their minds and heading for Singapore as a result of continuing public unrest over the new extradition bill. The news comes as no surprise, as their wealthy would-be expat clients are already pulling their investments and stashing them elsewhere for the same reason. According to Reuters, one mid-sized private investment advisory company has given up its plans for a...
2 Jul at 6 PM 2019

Survey takes on male expats’ concerns over local healthcare

It’s unusual to have a survey created just for men, but the results of this study are somewhat of a surprise. In expat-aimed media nowadays, there’s a huge focus on private health insurance, its high cost and the possibility of the small print preventing a payout. Healthcare for expats has always been a controversial subject, as premiums tend to be massaged upwards and care given can be less than expected or needed. Interestingly, the results of a recent study of male expats living overseas revealed a majority of respondents...