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Questions tagged [hong-kong]

This country tag is to be used for any question that is specific to or only relevant within Hong Kong.

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Does anyone in Hong Kong issue personal checks, cashier's checks or international money orders that are cashable in the US?

I'm living in Hong Kong and have to pay a debt in an US institution. The debtee would only accept the payment in personal check, cashier's check or international money order, and the payment has to be ...
user141240's user avatar
0 votes
1 answer
83 views

Student Loans as an Overseas Company Director

The lack of documentation on my situation is slightly infuriating, so hoping someone else in a similar position has got it figured out! I moved to Hong Kong 6 years ago from the UK and started a few ...
Anon's user avatar
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0 votes
1 answer
263 views

Foreign bank transactions [duplicate]

I was asked to manage an account on line, since the owner was travelling, and I was given a log in information, first and second transactions went okay, since it was domestic transfers, but when I ...
Jade A's user avatar
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1 vote
3 answers
563 views

Comparison of bills/rent in UK and Hong Kong

One thing that I'm trying to get my head around is why bills are so much of an issue in the UK when they are nothing compared to rents in Hong Kong, e.g. a 1-bed flat costs ~£1500/month in Hong Kong ...
cacaki's user avatar
  • 11
2 votes
0 answers
68 views

Can foreign investors buy small cap stocks listed in China?

Foreign investors can invest in Chinese large cap and mid cap stocks via the Shanghai - Hong Kong Stock Connect and the Shenzhen - Hong Kong Stock Connect. According to the Hong Kong Stock Exchange's ...
Flux's user avatar
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1 vote
0 answers
32 views

What would be the tax liability in Korea?

Scenario: Subject is a Spanish citizen (no other nationality). Learns Korean language in South Korea, staying in Korea with a D-4-1 visa (Student visa). The subject is not employee by any company (nor ...
Curious money person's user avatar
1 vote
0 answers
55 views

Taxpayers can opt for their total income from employment or other sources to be assessed on an aggregate basis as under salaries tax?

I freelance in HK. I found this paragraph in a letter from Hong Kong's Inland Revenue Department. They didn't embold anything, I embolded all the jargon I don't understand. Can someone translate all ...
gratefulcitizen's user avatar
0 votes
1 answer
78 views

How is "Turnover" in HKEX different from "Volume"?

On page 26 of this PDF provided by HKEX, it describes turnover as: each trade concluded in the derivatives market will increase the turnover for that day Isn't it the definition for volume? When ...
Raven Cheuk's user avatar
2 votes
1 answer
115 views

Currency exposure of China stock in HKD

Suppose that I am a SEK investor and own a stock of a Chinese company listed in HKD in Hong Kong. What is my actual currency exposure in this case? Is my exposure the same as if I would own this in ...
Nora Nora's user avatar
2 votes
0 answers
46 views

If I own an ADS in a company that is delisted, can I exchange my ADS with shares of the same company in their original market?

Assume that I own some NYSE:CHA (American depositary shares (ADSs) for China Telecom Corp. Ltd.), which is scheduled to be delisted from NYSE sometime between Jan. 7 and Jan. 11, 2021 (mirror). Can I ...
Franck Dernoncourt's user avatar
0 votes
1 answer
297 views

How can I buy an ETF on Stock Exchange of Hong Kong as an investor in the USA? [closed]

I want to buy shares in 9169.HK Vanguard Total China Index ETF in USD. Their How To Invest page says "You can buy Vanguard ETFs through a brokerage firm during normal trading hours." But ...
Ryan's user avatar
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1 answer
424 views

I bought books from an online shop but it performed a direct debit on my credit card. What should I do?

Yesterday I bought two books and paid by credit card. However I hadn't received an SMS confirmation at that time saying that I did an online transaction which I requested for every online transaction ...
Michael Tsang's user avatar
0 votes
2 answers
150 views

How can I convince Hong Kong multi-billionaire residential landlord to reduce rent?

Brother Ivan rents 500 sq ft flat (46.45 sq m) in Hong Kong for $20K HKD (2580 USD)/month. Lease contract states he can't terminate until expiry in Dec 2021. Landlord is CKAH (Cheung Kong Asset ...
user avatar
0 votes
4 answers
371 views

Why do banks loan at APR ≤ 3%, rather than investing that principal in ETFs?

I don't think this duplicates Why do banks give small APR loans, because I'm asking HK, and APR = 3% here not $4%. I screenshot picture beneath from HSBC HK. Scroll down a quarter of the way, and ...
user avatar
1 vote
1 answer
101 views

How do I calculate with Tax Deductible Voluntary Contributions?

I followed the steps on Activ Payroll , but I can't calculate these integers in SCMP. Here's my work for 2. $60K/month = $720K/year. But this is just case 1 overhead in Activ Payroll! Why do ...
user avatar
1 vote
1 answer
156 views

Where does a nomadic Spanish national owe taxes?

Assume a limited company registered in Hong Kong. The director of the company is an Spanish national who does not live in Hong Kong and does not have the status of resident in Hong Kong. Also, is ...
Curious money person's user avatar
0 votes
1 answer
2k views

Which method CHATS, ECG, or TT should I use to transfer funds to account in Hong Kong Bank?

I've personal bank accounts with Shanghai Commercial Bank in Hong Kong (henceforth "SCB") and HSBC Hong Kong ("HSBCHK"). SCB accepts the FPS Identifier only to receive funds, and not to send funds to ...
user avatar
2 votes
0 answers
112 views

Is it legal to open account and invest in my born country if I am currently working in Japan?

I have my identity and I am able to open investment account (for ETF, stocks and FX) in Hong Kong. I now hold a working visa and work in Japan. The tax rate is high in Japan and my Japanese is ...
brian661's user avatar
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1 vote
1 answer
127 views

Tax treatment for India (stay over 182 days)/Hong Kong salary income in a single year

What is the tax treatment for salary earned in India (stayed over 182 days) and Hong Kong? Hong Kong tax rules provide for some standard deduction before computing net chargeable income. What is the ...
Vaibhav's user avatar
  • 11
1 vote
0 answers
96 views

Personal income tax for non-resident in Hong Kong?

I am currently resident in Mainland China (non-citizen) where I am employed and paying taxes (paid by employer so that is no problem here). At the same time I have a LLC in HK (100% ownership & ...
Alexey Kamenskiy's user avatar
1 vote
1 answer
79 views

How do I choose a bank for a mortgage on property overseas?

I'm looking for a bank that can offer me a mortgage for a flat overseas, Hong Kong, that one of my relative is trying to sell. Issue is I have no ideas on how to do that. My questions are the ...
Andy K's user avatar
  • 121
1 vote
1 answer
161 views

Use other's credit card to pay for visa fee

My friend is applying for Hong Kong visa and in the application form he needs to fill in credit card info (and provide cardholder's signature) to pay for the processing fee. However he doesn't have ...
Ryan's user avatar
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1 vote
1 answer
143 views

How can you rebuild credit in Hong Kong?

I do not know if secured credit cards do not exist in Hong Kong. Then how else can credit be rebuilt? My in-laws had credit card debt 20 years ago that is still on the credit report?
user avatar
1 vote
1 answer
587 views

Are Secured Credit Cards offered in Hong Kong?

My relative will be moving from Canada (that does have Secured Credit Cards) to Hong Kong, but has no credit in Hong Kong and hopes to start building her credit. Thanks. Canada and the US have them....
user avatar
2 votes
2 answers
4k views

How much do Hong Kong banks charge to cash U.S. checks [closed]

Do they charge a %, or is it a flat fee?
marc van hoff's user avatar
2 votes
1 answer
468 views

Income tax treatment for salary earned in Hong Kong and India in single year

Can somebody help me in understanding tax treatment of my salary income if I earn in India as well as Hong Kong during a single year with duration of stay in India being more than 182 days?
Arun Singh's user avatar
0 votes
1 answer
81 views

Do Online Currency Exchanges' registration with the government guarantee safety and reliability?

My aunt works in Hong Kong, and must send HKD back home to Canada monthly, and convert it to CDN. She hopes to avert HSBC's Wire Transfer Fee and the Foreign Exchange Spread, and ordering and mailing ...
user avatar
1 vote
1 answer
747 views

How to transfer money more cheaply from Hong Kong to Canada, without HSBC? [closed]

I live in Toronto, Canada. About every 2 months, with HSBC's "Global Transfers" tool, I used to send myself money from my HSBC account in Hong Kong to my HSBC account in Canada. Because I now need ...
user avatar
0 votes
0 answers
371 views

Hong Kong Dollar Options

I would like to bet on a de-pegging of the Hong Kong Dollar from the USD. Even though the volatility is perfect for an options trade, it seems hard to find any for the retail investor. Is anyone aware ...
Mathematica123's user avatar
1 vote
1 answer
315 views

American trade Hong Kong financial markets (specifically index options)

How can an American get access to the Hang Seng index and index options? This trades in Hong Kong, but really exposure to Hang Seng stocks and derivatives (and index options) in general would be good. ...
CQM's user avatar
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1 vote
2 answers
156 views

Withdrawal of MPF after 60-years old

I am a Malaysian, I worked in Hong Kong Interbank Clearing Ltd (HKICL) from Nov 2001 till Dec 2004. I resigned from HKICL and left Hong Kong in Dec 2004. My question: I am 60 year old now (my birth ...
Yim Siew Yean's user avatar
2 votes
2 answers
7k views

Hong Kong - What's the difference between Current Account and Savings Account here

I know there is already a question called “Savings” account vs. “current” account - what's the difference?" on the site but bear with me, I believe that doesn't answer my doubts. I know very well ...
xji's user avatar
  • 291
4 votes
2 answers
1k views

Better to get loan from finance company or bank considering the drop of credit score?

I want to know if there's a difference between getting personal loan from a finance company or a bank, considering the drop of credit score/grade (assume all other aspects are exactly the same)? I've ...
Jeffrey Zhao's user avatar
1 vote
1 answer
6k views

What is a clearing bank, in specific, what does RMB clearing bank do?

Bank of China (Hong Kong) is described as the "sole Clearing Bank for RMB business in Hong Kong" What does it mean to be a clearing bank and clearing bank for RMB? What's the difference between ...
jack's user avatar
  • 11
0 votes
1 answer
390 views

Is pacific tycoon a legitimate company? [closed]

I keep seeing advertisements for pacific tycoon on youtube - they're looking for people to buy shipping containers, and lease them back, or some variation on that theme. Are pacific tycoon a ...
blueberryfields's user avatar
5 votes
2 answers
596 views

Any problem if I continuously spend my credit card more than normal people?

I continuously use my credit card for my friends' expenses. Normally I could spend 20~30K USD each month to get more points/cash back. I don't have large credit limits so in most time I'll put cash ...
Kay's user avatar
  • 53
11 votes
7 answers
38k views

Can I prepay a Credit Card to make a Large Purchase greater than my credit limit?

I want to make a large purchase at a retail store to the sum of $10,000 but the credit limit on my card is set at $2000. If I send $10K to my credit card will the purchase be allowed to go through? ...
atp03's user avatar
  • 211
5 votes
2 answers
2k views

Where can I find a good online fundamental data provider for Hong Kong stocks? [closed]

I am thinking of investing in the Hong Kong stock market. One problem I am facing is finding a good online fundamental data provider that provides a database of financial statements for Hong Kong ...
curious's user avatar
  • 2,177
7 votes
1 answer
301 views

Can I still claim my Hong Kong-based MPF pension if I move elsewhere?

I am 60 year old and I will not be living in hong kong in the future, would I still be able to claim back my mpf?
Ron Ho's user avatar
  • 71
2 votes
3 answers
4k views

HSBC Hong Kong's "Deposit Plus" Product: What is it, and what strategies to employ?

I recently opened an account with HSBC Hong Kong (I am a US citizen), and I'm exploring all of the options available to me at my new bank. One product that caught my eye is called Deposit Plus, which ...
user avatar
3 votes
2 answers
307 views

How can I protect myself from inflation with the HKD?

There is serious inflation here in Hong Kong. I suspect it is caused by QE1 and QE2. I didn't study Economics when I was in school, so I'm not sure I fully understand the situation. Hopefully someone ...
lamwaiman1988's user avatar
2 votes
2 answers
371 views

Hong Kong Mandatory Provident Fund contribution strategy

I'm moving to Hong Kong and understand that (almost) every employer and employee must contribute to the MPF (Mandatory Provident Fund) pension fund. However the maximum contribution levels are very ...
user avatar
5 votes
1 answer
3k views

Any banks in Hong Kong offer credit cards to non-HK residents?

Any way to get a credit card in HK without holding a HK ID card? Are there any local regulations preventing banks from offering that, or do the banks simply not want to bother? I tried HSBC and was ...
ibz's user avatar
  • 1,135
4 votes
2 answers
346 views

Price difference between shares in Hong Kong and Shanghai

I am interested in investing in the Industrial and Commercial Bank of China (ICBC), which is listed both on the Shanghai and Hong Kong stock markets. Since I only can trade in the Hong Kong stock ...
Cheok Yan Cheng's user avatar