Expat Hong Kong News

Latest 10 news items tagged Hong Kong

14 Sep at 6 PM 2018

China opens up Chinese stock trading to expats

China is to allow expats to trade in Chinese stocks from Saturday 15th, but it seems very few are in a rush to buy. From Saturday, most expats living and working across China will be permitted to open brokerage accounts for trades in yuan-denominated A shares, but many are in wait-and-see mode, quoting China’s reputation of rushing in where only fools dare to tread. One expatriate pointed out the volatility of the market, adding there will be mistakes needing to be corrected by brokerages and regulators before he’ll take the...
1 Aug at 6 PM 2018

Is offshore banking the best expat strategy

In spite of rumours about tax avoidance, offshore banking gives a number of advantages for expat professionals. The vast majority of expat professionals working overseas are paid in their local currency, with many having financial liabilities such as mortgages in the home country. Most are planning to either move elsewhere for work or retirement or even return home at some stage in their professional lives. For those concerned about banking security and ease of transferring money in various currencies, offshore banks are the sensible...
9 Jul at 6 PM 2018

Expat investors discover Brisbane real estate

Following a tough time in the sector, Brisbane’s real estate market is surging due to demand from expat investors. Over the past year, the Queensland capital has recorded a significant increase in the number of expat property purchasers attracted by bargain prices. Demand has risen by 6.7 per cent over the past 12 months, with real estate agencies reporting the vast majority of purchasers were expatriates. Houses in the upscale districts of Paddington, Indooroopilly and East Brisbane proved the most popular, with those looking for...
6 Jul at 6 PM 2018

Landmark ruling on same sex marriage visas gives Hong Kong an edge

A recent landmark ruling by a Hong Kong court over granting visas to same sex spouses of gay expats is threatening global financial hubs’ search for talent. In this competitive world, international financial hubs are at war over grabbing the best and brightest expat talent, but many Asian countries are lagging behind in their acceptance of gay relationships and marriages, forcing LBGT professionals to find work elsewhere. In Asia, only Taiwan is beginning to recognise gay marriage as a fact of life, making the Hong Kong court’s...
27 Jun at 4 PM 2018

Asian cities now most expensive for expats

Given the latest survey on costs of living in popular expat professional hubs, those looking to relocate to Asian cities might do well to renegotiate their salaries. The recent Mercer survey identified Hong Kong as, again, the world’s most expensive city for expat life, with Tokyo, Singapore and Seoul not far behind. The Hong Kong result isn’t much of a surprise, considering that a parking space can set you back some $760,000, and the average expat professional aiming for Asia wouldn't be much better off in Shanghai or Beijing....
8 Jun at 6 PM 2018

Shanghai international school rates soaring through the roof

The latest survey from the International Schools Database has again ranked the cost of an international school education in Shanghai as the most expensive in the world. For new expats in Shanghai as well as their employers who’re fronting the cost, finding the right international school can be a challenge as there’s not much in the way of more affordable alternatives. Average monthly tuition fees for a six-year old run at an eye-watering RMB17,586, with charges in Beijing not much lower at RMB16,145. In comparison, the cost of...
12 Apr at 3 PM 2018

Global financiers and Amnesty International support LGBT expat spousal visa battle

After winning her landmark case, brought to obtain a dependent visa allowing her to live in Hong Kong with her partner, an LGBT expat is now forced to fight for her rights again as the Hong Kong government has granted the state license to appeal. Hong Kong’s Court of Final Appeal will hear the government’s case for denying the dependent visa on 5 June, but in the meantime no less than 16 local law firms as well as Amnesty International and many international financial companies have come out in favour of the lesbian woman and her...
6 Apr at 6 PM 2018

Expat professional women at risk of poverty in retirement

The gender gap doesn’t just apply to top wage levels but continues to ensure a great many expat professional women will be faced with poverty when they retire. Recent media coverage of the salary gap between top-ranking women and their male counterparts misses out on one result – the differential guarantees women retirees will be living on far less than men with the same qualifications and experience who’ve worked in the same jobs. In fact, women are at far greater risk of being impoverished in retirement by a factor of between...
22 Mar at 6 PM 2018

Best international cities for elite luxury rentals

For the mega-rich looking for a luxury home, New York, London and Tokyo have the best choice. For those with millions or even trillions stashed offshore, the world’s their oyster, with the pearls as regards luxury properties found in Tokyo, London and New York City. As well as boasting premier luxury developments, the attractions, events, facilities and luxury brand shops in these three destinations give those with real money to spend a taste of heaven, even although property prices have soared over the past several years. Costs...
28 Feb at 6 PM 2018

Singapore and Hong Kong battle it out in surveys

A recent survey highlighted expats in Hong Kong and Singapore with 24 per cent stating Hong Kong had the best jobs against Singapore’s 19 per cent. The Expat Explorer survey is no stranger to controversy, as are most comparisons between equally popular destinations. In this instance, nearly a quarter of Hong Kong respondents stated unequivocally that their city had the most fantastic jobs, with expats in Singapore only able to muster 19 per cent’s worth of praise for their city’s job opportunities. Sadly, both Asian destinations...