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More from HK head north

Published on Friday, 06 Aug 2010
More Hongkongers are crossing the border.
Photo: Edward Wong
Britons who are over 50 are choosing to stay at work to earn more money for their retirement.
Photo: Bloomberg

There's an increasing number of Hongkongers working or living on the mainland, and vice versa, China Daily reports.

According to a Baptist University study, 68 per cent  of Hongkongers, who moved  north, did so due to employment reasons. Others cited a  lower cost of living and  greater opportunities.

Among mainlanders, 86 per cent came here to be reunited with their families. The rest came in the hope of earning more money and improving their living standards.

The findings were based on interviews with 203 Hongkongers working or living on the mainland, and 198 mainlanders who have settled in Hong Kong.

Most Hongkongers living on the mainland complain about a lack of civility and think services are inefficient, while mainlanders are unhappy with living and employment conditions in Hong Kong, such as long working hours. 

 


Job ads up 31 per cent  

The number of job advertisements placed in Hong Kong last quarter rose to more than 30 per cent from the first quarter, the latest Robert Walters Asia Job Index has found. The index tracks advertisement volumes for professional positions across newspapers and job boards in Hong Kong, Singapore, the mainland and Japan.

Compared with the first quarter, the number of recruitment advertisements has increased in all regions:  31.5 per cent in Hong Kong, 13.7 per cent in Singapore, 34.3 per cent in Japan and 36.7 per cent on the mainland.

Almost all sectors have seen a rise in the number of positions advertised in the second quarter compared with the first. Sectors that saw the most significant increases were information technology and human resources. 

 


Britons over 50 stay at work 

Fifty-five per cent of Britons in their 50s do not anticipate they will stop working, with most blaming the need to earn extra cash during their retirement, The Daily Telegraph reports.

The survey of 2,000 over-50s, undertaken for HSBC, also found that one-third of Britain's 21 million over-50s had made a career change - with the figure rising to 41 per cent among 60- to 70-year-olds - in order to remain working. The main reason for the change in careers was because  of redundancy.

The data suggests that many at retirement age have decided to carry on working to compensate for a spouse losing their job, or because of fears that their savings, or pensions, are not big enough to live on in old age. 

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