• Thu
  • Nov 27, 2014
  • Updated: 7:57pm
NewsChina Insider
EXPATS

China beats Hong Kong and Singapore to be ranked best destination for expats

HSBC survey reveals Chinese mainland was No 1 destination of choice for expats in 2013

PUBLISHED : Monday, 04 November, 2013, 11:53am
UPDATED : Tuesday, 05 November, 2013, 7:39am
 

Poll

  • Yes: 17%
  • No: 83%
5 Nov 2013
  • Yes
  • No
Total number of votes recorded: 602

The Chinese mainland has overtaken Hong Kong, Singapore and the rest of the world as the destination of choice for expats, according to a new survey by HSBC.

The mainland rose from 7th spot in the bank’s similar survey on purely economic conditions for expats last year to 1st in this year's overall ranking. In terms of economic conditions, the mainland ranked second globally after Switzerland this year.

Hong Kong fell from 4th to 10th place overall and came 19th in terms of economic conditions. Singapore, which topped last year’s ranking, came third overall after the mainland and Germany.

The survey of about 7,000 expats in 37 countries showed that Asia has widened its appeal for expatriates, offering higher average salaries than anywhere else. Expats in Asia made US$74,000 (HK$574,000) on average last year, compared to $64,000 elsewhere, the bank said.

See the full report here

The decision by expats to move to China is still mainly driven by economic factors, the survey showed. Seven in ten expats moved to the mainland because of better job opportunities, whereas only four in ten emigrated to Hong Kong to move up the career ladder.

In terms of quality of life, the mainland beat the SAR this year in almost every category in the survey, including disposable income, diet, commute, accommodation and the weather. While the mainland ranked second after Brazil in terms of ease of integration, Hong Kong stood at a low 28th rank globally.

However, Hong Kong still beat the mainland on core matters of childcare, healthcare, entertainment and work culture.

Almost half, 49 per cent, of the expats surveyed living in the mainland said they enjoyed a better work-life balance than in their home country. Despite frequent reports about hazardous air pollution, 45 per cent of expats said life in the PRC has made them more active in sports.

The large majority of expats in the mainland, 86 per cent, made an effort to learn the local language in China, in contrast to 60 per cent of those expats living elsewhere, according to the survey.

Hong Kong still stood out as an attractive destination for families, ranking eleventh globally. Almost six in ten said childcare in the SAR was better than in their home countries, and slightly more than five in ten said education was better in Hong Kong. Germany, Singapore and France were ahead of the SAR in terms of the best places to raise a family.

One reason for the increased appeal of the mainland over Hong Kong could be the comparatively inexpensive cost of living. According to a study earlier this year by the Economist Intelligence Unit, life in Hong Kong was more expensive than in all major Chinese cities.

However, a study of compensation packages for expats by the human resources firm ECA International later in the year found that Hong Kong was ranked as cheaper to live in than Beijing and Shanghai.

An HSBC spokesperson dismissed criticism over the sample sizes, saying those in China and Hong Kong considerably exceeded their minimum sample of thirty. Because of changes in methology, the company refrained from making year-on-year comparisons, she said.

Commenting on a wider trend, the spokesperson said expat wealth has been gradually heading east over the last six years.

"This year, Asia not only emerged as the expat social hub with 35 per cent agreeing that they enjoy a more active social life since relocating, compared with the global average of 26 per cent - the highest out of any region, Asia is also home to among the highest paid expats in the world," she wrote in an emailed statement. 

Country Score
China 0.48
Germany 0.48
Singapore 0.48
Cayman Islands 0.47
Australia 0.45
Canada 0.44
Russia 0.43
Belgium 0.42
United Arab Emirates 0.42
Hong Kong 0.42
Turkey 0.41
United States 0.41
Qatar 0.40
New Zealand 0.40
South Africa 0.39
Mexico 0.39
France 0.38
Netherlands 0.37
Saudi Arabia 0.37
Spain 0.36
Kuwait 0.35
United Kingdom 0.33
Italy 0.31
Ireland 0.27

 

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28

This article is now closed to comments

asiaseen
To paraphrase: There are lies, damned lies and HSBC surveys.
charlie212
this is a joke right ?
oxymoron13
A real joke indeed and it's quite entertaining. Good job opportunity ? Maybe but sending someone from a developed country into a developing country and face the challenges of air pollution, tainted food, dire cultural etiquette, bribery as a necessity way of life and last but not least, poor medical support ? I believe it when pig flies.
daily
You people out there actually trust survey's done by HSBC?.............gees, they can't even fix the ATM cards problem properly and now they are trying to persuade people to move / work in China........yeah, right.............releasing these ficticious figures won't do the trick.
charlie212
This survey is skewed, tainted, completely inaccurate and the fact that it was conducted by hsbc ( world leader of ATM plus disasters ) and actually approved and published by the scmp (yes small letters) is an embarrassment and disgrace. Who was polled for this thing ? a bunch of civet cats ?
jlamm
I suspect that none of the authors of the report, nor any of the people they interviewed had even been to China, let alone lived there!
gkuhl
I only trust surveys which support my worldview.
skywalker
"In terms of quality of life, the mainland beat the SAR this year in almost every category in the survey, including disposable income, diet, commute, accommodation and the weather."
Which "Mainland" are they talking about? If "mainland" means Continental Europe, ok, that's hard for Hong Kong to beat. Or did I miss something here? Hong Kong might be expensive, loud, small, hectic and whatsoever, but inside Asia it is still one of the best spots to live when it comes to Quality in all aspects of life.
newgalileo
Working in China since 1980 I am a bit surprized, the least to say. Of course there are unique opportunities here, life can be fun but life can also be very challenging, and in terms of pollution, integration, visa problems, buying real estate, rule of law, .... who needs to enumerate more? Best location for expats? OK... whatever you say HSBC. Even my country (Belgium) has a ranking too high. Where did that come from! Not exactly a reference for the HSBC guys...
scmp04
Sorry, dont believe a word of it......
Welcome to child abductions, animal cruelty, heavy metals in the water supply, questionable medical services, and the list goes on and on...........

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