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Overseas health insurance news: Hong Kong becoming more popular for expats

Hong Kong is the eighth most popular destination for expat workers, and the third most popular for those working in law, according to a new report.

The findings were based on a survey of more than 2,000 professionals from 90 countries, and was conducted in conjunction with ESCP Europe, which is the oldest business school in the world.

The report, Global Professionals on the Move, was conducted by the specialist recruitment firm Hydrogen.

It found that the region was capable of attracting large numbers of workers from abroad, due to the variety of experience and the diversity of environments on offer in an otherwise reasonably small environment.

Hydrogen's managing director for Asia Simon Walker said: "Whether you are a single professional in your mid-20s, or a seasoned professional with a family, you will find the right neighbourhood in Hong Kong. Your experience of the place will depend on why you are there and where you live, but one thing is certain – you will enjoy an exceptionally high standard of living and quality of life."

The report also highlighted that around 66 per cent of global professionals said that employers viewed international experience as being important.

A further 98 per cent said that they enjoyed the experience of relocating, while 86 per cent said that they wanted to stay longer.

The numbers of global professionals wanting to stay longer in Hong Kong was only exceeded by those working in the United Arab Emirates.

Women were found to be more likely to relocate earlier in their careers, with a third of female respondents relocating between the ages of 21 and 30, compared to 17 per cent of men in the same age bracket.

The news comes after Legal Week published its own report suggesting that international law firms in Hong Kong were boosting their recruitment of Mandarin speakers, with almost every company increase the number of Chinese-speaking lawyers in Hong Kong offices since 2011.

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