Expat Hong Kong News

Latest 10 news items tagged Hong Kong

8 Nov at 6 PM 2019

Expat secret bank accounts being investigated by Portuguese taxman

The Portuguese taxman is investigating overseas accounts held by foreign national residents as well as non-residents and accounts held by Portuguese nationals. Recent reports in local media revealed Portugal’s tax authority is investigating a million so-called ‘secret accounts’ held offshore by both foreign residents and non-residents as well as by Portuguese nationals. It’s claimed the accounts surfaced after an information-sharing move including 50 countries worldwide was put into place. Apparently, the owners of some 71 per...
28 Oct at 6 PM 2019

Expats in Hong Kong face losing strong ties to the city

Expats in Hong Kong are privileged immigrants, many of whom have put down extended roots just as they did in their home countries. Some have worked in the city for decades and others are relatively new arrivals, but all consider Hong Kong as their home in a way that’s different from expats in other unfamiliar lands. All have the choice to leave should the situation deteriorate further but, should this happen, they’ll all be forced to lose their strong ties to this unique destination. There’s no such thing as an ‘expat...
25 Oct at 6 PM 2019

China announces new digital ID platform for expatriate details

China’s new digital ID platform is expected to provide easy expat access to public services. The new digital identity verification site is expected to allow far easier access to China’s public services than exists at present. The system will hold names and passport details of every foreigner arriving in the vast country, sharing the info with a nationwide authentication platform. Expat access will be given to 35 specific public services including finance, accommodation, healthcare and education, with the listings expanded to cover...
22 Oct at 6 PM 2019

Wealthy Hong Kong expats looking to emigrate to Oz

In spite of reports suggesting expat bankers in Hong Kong are in it for the long-haul, realtors are seeing a rush to invest in Australian property. Both expat professionals and Hong Kong’s wealthy elite are now hedging their bets on the outcome of the seemingly endless weekend protests. Although it seems no-one actually wants to leave, those with enough folding money are quietly investing in Australian property as a hedge against a full Chinese military takeover of one of the world’s most important financial hubs. From expat...
17 Oct at 6 PM 2019

What next for expat professionals in Hong Kong?

As the Hong Kong protests continue, what does the expat community think? Some half a million non-Chinese expats from a variety of world countries are living and working on the tiny Hong Kong archipelago, the majority of whom are well aware of the global consequences should China decide to put a stop to the increasingly violent demonstrations. Most expats have tended to ignore Hong Kong’s politics as regards its relationship with China, but most now admit the situation may end the former British colony’s reputation as a world...
14 Oct at 6 PM 2019

Hong Kong female expat entrepreneurs discriminated against by investors

Although Hong Kong gives the best gender balance on investment panels, for female entrepreneurs it’s still a man’s world. Entreprenuers need funding more than anything else, but the females of the species tend to have a hard time in Hong Kong. According to a recent survey, too many female talents aren’t getting the financial help they need due to a preponderance of men on investment boards. However, one sympathetic backer is attempting to rebalance the issue by helping female entrepenuers get the start-up cash they need. CEO...
26 Sep at 6 PM 2019

Hong Kong-based expats still investing in UK buy to lets

Over the past several years, the numbers of expats in Hong Kong investing in British property has grown substantially. Nowadays, the idea of buying a property in Hong Kong as an investment is declining due to the island’s incredibly high real estate prices, with a basic home priced at almost 20 times the average local salary. As a result, home ownership totals on the island are some of the lowest in the world, leaving would-be expat investors looking elsewhere for affordable buy-to-lets. Due to Brexit, UK property prices are in...
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...