International Medical Insurance for Expatriates

Showing posts with label Expats in Hong Kong. Show all posts
Showing posts with label Expats in Hong Kong. Show all posts

11 July 2013

5 Tips to Living in Hong Kong as an Expat



Hong Kong is one of the most vibrant expat destinations at the moment. According to figures released by the Security Bureau, there was a 21% increase in the number of migrants in 2012 as compared to 2011. Many foreigners who relocate to Hong Kong do so for business reasons, mostly in its thriving banking and finance sector.

Here are five tips and things to take into account about Hong Kong, so that expats can make the most of their living and working there. Have any other tips? Then, share them with us.

  • The city is densely crowded
So, don't be annoyed if people bump into you. Hong Kong has over seven million residents living in a small space. 
  • Shortcuts
Knowing the shortcuts is vital in the rush hour or when its raining, as going from point A to point B may not be as straight forward as it may seem, according to expats currently living there.
  • The Feng Shui concept 
It is taken seriously in everything from arranging furniture to making big decisions. So take this into account in business meetings!
  • Good dining out
As most apartments are small and there are so many expats living in Honk Kong, there are many dining options ranging from traditional Chinese cuisine to Western food. Dim Sum is a speciality. Don't forget to wave your arm on the air if you want to be served in a restaurant, though.
  • Pollution levels are very high
Pollution was seen as an issue by many companies in recruiting and retaining international talent, since it can produce some health issues. In case expats need to seek medical advice, they should know that Hong Kong's standard of healthcare is excellent, but it is also the second most expensive healthcare system in the world.
  • Nature
Easy access to nature is one of the best things about Hong Kong. Go hiking to Lamma Island, Lantau or venture to Sai Kung for secluded beaches.














Thanks for reading.

Photo credit
Photo credit

23 February 2012

Hong Kong looks to lure expat workers

The Hong Kong government is stepping up plans to attract talented foreign workers to the island as it predicts a huge labour shortage.

The former British colony has one of the world’s most rapidly ageing populations coupled with one of the lowest birth rates. The Hong Kong government forecasts a shortfall of 14,000 employees by 2018, as the growth of its workforce slows to 0.6 per cent a year. It needs to be double this growth rate. This 14,000 shortfall is needed just to maintain its existing labour force, without taking into account any growth in jobs as the economy expands.

Labour and Welfare Secretary Matthew Cheung said: "The government has put in place a host of measures to attract and nurture talents and upgrade the skills of our workforce in order to ensure an adequate manpower supply. It is noteworthy that the growth in both the manpower requirement and supply is projected to tilt towards workers with higher education qualifications.”

This opens a gap for educated foreign workers to relocate to the city as there will be a surplus of low-skilled workers. But While Hong Kong is hoping to lure professionals from overseas, it is facing stiff competition from cities such as Singapore, Tokyo and Shanghai.

It also faces the triple challenges of pollution, high home prices and difficulties in finding school places for expatriate children, common reasons why foreign professionals choose not to live in Hong Kong.

Mr Cheung added: “Aging population is one of the key population policy issues on which the government has been focusing its efforts. As the retirees leave the labour force, the growth in manpower supply will be hindered.”

About 17 per cent of Hong Kong’s population will be at least 65 years old by 2018, compared with 13 per cent last year, according to its Census and Statistics Department.

Raymond So, dean at the business school of the Hang Seng Management College in Hong Kong, said: “Some international companies may opt for Singapore over Hong Kong because of pollution and education concerns, but Hong Kong still has an edge in its proximity to China.”

Demand for professionals in the financial services industry is expected to increase 2.5 per cent to 253,100 by 2018. The number of workers needed in the manufacturing sector however may drop 3.1 per cent, according to a government report.

When you are working or living abroad, or have plans of relocating into another country, it is very important that you protect you and your family’s health and their wellness.

Expatriates make sure you are covered for international medical insurance, April Medibroker assists & advises clients living or working abroad to both choose & place the right international Health and Medical insurance products, to suit their needs & budget.


18 January 2012

Is Hong Kong's pollution driving expats away?

According to a report air pollution levels in Hong Kong were at a record high last year which will comes as little surprise to the expats who live in its smog. The report published in The South China Morning Post states, air quality in Hong Kong was 10 times worse last year than in 2005, with pollution levels recorded at three roadside monitor stations above the “very high” mark more than 20 per cent of the time.

Such heavy pollution has obvious implications for the health of Hong Kong’s residents, who it is feared are at an increased risk of everything from respiratory problems to cancer, but also casts a shadow over the city-state's future as a top international business centre.

Hong Kong is home to thousands of expat workers, many filling crucial positions in its thriving banking and finance sector, but the relentless grey haze which hangs over the former British colony could be increasingly driving those who can afford it to settle elsewhere.

Last year, a report from office supplier Regus revealed that an astonishing three-quarters of companies in Hong Kong saw pollution as a problem in recruiting and retaining international talent, while a survey by the American Chamber of Commerce in Hong Kong found that nearly half (48 per cent) of its members knew of professionals who had left to escape the contaminated air.

An expat British banker who did not wish to give her full name, claims to know many expats who have returned to their home countries because of pollution, or asked for transfers to other major Asian hubs such as Singapore – largely, she says, due to health concerns.

“A friend of mine used to get plenty of headaches and migraines when he lived in Hong Kong for a few years; when he returned to the US the migraines stopped overnight," she explains. "Another friend's husband has a job here in Hong Kong but since his wife and daughter have asthma, they live in Singapore and he commutes here during the week.”

For those expats who choose to remain in Hong Kong, the desire to escape the smog often dictates where they live. One expat Teacher, originally from Kent, has ended up seeking refuge on one of Hong Kong's outlying islands, where there are no cars. Even so, on some days from her flat she can barely see the high rise buildings just a few miles away over the sea.

“The air quality does seem to be getting worse,” they said. “When I arrived here 17 years ago, there were many more days with a blue sky but now they are few and far between. Before Christmas I had to spend about five hours walking around with a friend, waiting for his evening flight. When we walked through town I could feel my throat getting steadily worse and by evening It was painful to talk. It starts with a prickly throat and develops into a sore throat if you stay on the busy roads.

“I have four years left to retirement, and I would love to stay in Hong Kong, but I think I will have to put my health first and leave.”

So why exactly is Hong Kong's pollution so bad? A reason often cited is its location at the mouth of China’s Pearl River Delta region, a booming economic centre home to over 70,000 factories, but the city's own industrial emissions, heavy traffic and tall buildings which trap contaminated air in a so-called “canyon effect” are also major factors. The government has taken some steps to combat the problem in recent years – including introducing a ban on leaving stationary vehicles' engines running for more than three minutes – but local pressure groups such as the Clean Air Network insist that more changes are necessary.

How much damage the pollution issue could end up wreaking on Hong Kong's attractiveness as a business centre is subject to hot debate. the British expat banker admits that there is a long-term risk that "Hong Kong will lose top talent and industry to its rival Singapore,” but believes that even if many expats leave, the economy will not be seriously hurt.

“There's hundreds of Westerners arriving every day,” she says simply. “The downturn in Europe means there are more and more people seeking work, and more companies relocating their staff here. Hong Kong's economy has always been better than most; it experiences downturns but then it recovers very quickly.”

A spokesperson for Regus in East Asia is not so sure however. “Singapore is seen as a much greener and cleaner alternative, and it is gaining a competitive edge particularly when it comes to expats with families,” they warn.

"While Hong Kong's economy and job market are still extremely strong and it remains a top destination for expatriates, the quality of the environment and its effect on their health is certainly weighing heavily on the minds of those working there."

When you are working or living abroad, or have plans of relocating into another country, it is very important that you protect you and your family’s health and their wellness.

Expatriates make sure you are covered for International Medical Insurance, April Medibroker assists & advises clients living or working abroad to both choose & place the right international Health and Medical insurance products, to suit their needs & budget.

April Medibroker is here to help you - from the initial advice on what expatriate health insurance policy to buy, through to any assistance that you may need in the future. Our staff are only a phone call or email away. Whether you need changes to cover or payment, need help with a claim or have questions about your international medical insurance policy we will gladly help.

16 January 2012

Are expats leaving Hong Kong over lack of schools?

Hong Kong’s reputation as Asia's main financial hub is under threat due to its lack of places at international schools.

The number of expats moving to the former British colony has surged in the last two years as Europe’s struggling economies have sent talent eastbound. While there may be a good supply of top jobs, in banking, fund management and financial services, the same cannot be said for international schools.

During 2010 and 2011, the number of British expats moving to Hong Kong jumped more than 50 per cent, to 15,300. This is about half of the number of American expats relocating to the city, who are putting further pressure on good international schools.

Some Hong Kong-bound expats have now delayed or cancelled moves because they can’t get their children in good preschool, primary or secondary international schools. Hong Kong Academy, a private international school, saw a 35 per cent rise in applications last year.

While there has been a massive upsurge in demand, the number of places at English-speaking international schools has stayed relatively constant at 36,000.

A spokesperson from the British Chamber of Commerce in Hong Kong, said: “It is a fact that there now exists a shortage of places in international schools in Hong Kong and that this has been a fact for the past decade and a half, but it is a measure of the dramatic success of Hong Kong as one of the world's leading trade and financial centres.”

The Hong Kong government takes the problem seriously and wants to create 5,000 new international school places this year and again in 2013. It also plans to limit the number of local students who can be enrolled in some international schools in the future.

Two new British international schools will open this year, Harrow International School and Kellett, to help ease the pressure but, like most things in Hong Kong, the problem boils down to lack of space. Land is at a premium among the glittering skyscrapers and developers would rather build exclusive apartments than schools.

The situation has got to the stage where some expats have considered moving to Hong Kong’s main rival Singapore, where places at top international schools are slightly easier to find. The opening of Dulwich College in Singapore and Marlborough College in nearby Johor Bahru this summer will make the city even more appealing to expats and their families.
 
When you are working or living abroad, or have plans of relocating into another country, it is very important that you protect you and your family’s health and their wellness.

Expatriates make sure you are covered for International Medical Insurance, April Medibroker assists & advises clients living or working abroad to both choose & place the right international Health and Medical insurance products, to suit their needs & budget.
April Medibroker is here to help you - from the initial advice on what expatriate health insurance policy to buy, through to any assistance that you may need in the future. Our staff are only a phone call or email away. Whether you need changes to cover or payment, need help with a claim or have questions about your international medical insurance policy we will gladly help.