There are many benefits to working in Hong Kong. It is one of the most developed international financial centers, with many multinational companies setting up shop here. It is home to a vibrant economy and a cosmopolitan population. But, several hurdles to overcome before you start working in Hong Kong. This article will provide some helpful information to make the transition smoother.
Hong Kong identity
There are many facets of Hong Kong’s identity, and it has always been a complex mix of ambivalence and resistance. However, the current conflict has helped strengthen this identity. Residents and young people are experiencing increasing Chinese attacks on Hong Kong, and many feel the city is being «mainlandized.»
In the wake of the SARS pandemic and the Umbrella Movement against the government’s limited electoral reforms, young Hong Kongers have become increasingly aware of their unique identities. The erosion of democratic guarantees has led to heightened political caution in the Chinese leadership and a growing sense of fear in Hong Kong, reminiscent of Tiananmen Square. Young people in Hong Kong have also become more politically active and involved in civic movements and running for office.
The Immigration Department initially left a blank space on the identity card for non-ethnic Chinese but later allowed them to add their Chinese names. After this initial registration, non-ethnic Chinese could add their Chinese characters anytime. However, the Department considers whether this is in the community’s best interests. For this reason, non-ethnic Chinese should consider changing their name if possible.
Nonetheless, the nativist movement has gained considerable traction in the last five years. The Hong Kong City-State Autonomy Movement, circulated a petition promoting autonomy for Hong Kong. At the same time, a cantor and academic specializing in Cantonese folklore became a cultural guru for «autonomist» candidates. In the legislative elections, pro-Beijing forces managed to gain some ground.
To work in Hong Kong, you must have a valid work permit from your country. There are several options for applying for a work permit. A work permit from the Hong Kong government can help you get a job. You can even work for two different employers simultaneously. The process of getting a work permit is not complicated. In this article, you will learn about the requirements and benefits of obtaining one.
Applicants for the entry permit must submit a copy of their passports with at least 12 months of validity. They must have two blank visa pages available. A job description letter or a letter from a department is also required. You must also submit a copy of your driver’s license if you work in a different state than your residence. If you intend to apply for multiple entry visas, you must apply in person at the Chinese Consulate in Hong Kong.
If you are a Chinese citizen, you must obtain an entry permit from the Hong Kong government. You must apply for this permit if you plan to stay in Hong Kong longer than seven days. In most cases, you can get a single or double entry permit, valid for three months. A multiple entry permit is valid for two years and suitable for those with permanent residence cards. No matter if you’re visiting Hong Kong for business, study, or employment purposes, you must apply for a work permit to work in Hong Kong.
Historically, the role of Hong Kong as a bridge between mainland China and the rest of Asia has been a good one. This inherent characteristic has served it well during the early years of the yuan’s internationalization in China. However, the role of Hong Kong as a gateway to mainland China is now questionable. Beijing’s yuan policy was designed to provide something unique to the territory.
In 1997, Hong Kong became an autonomous administrative territory under the People’s Republic of China. Unlike other countries, Hong Kong operates under the «one country, two systems» principle. The Hong Kong dollar is the official currency, but merchants do not freely accept the Chinese yuan in Hong Kong. This has led to a significant disparity in exchange rates. But these differences will likely be limited in the future.
Individuals from outside mainland China are referred to as «ex-China» and include stateless people, foreign nationals, and residents of Taiwan. They may deposit foreign currency into Hong Kong banks and use it to settle transactions in cash. However, opening a bank account in their real name is advisable. Otherwise, they may have difficulty obtaining a Hong Kong bank account. Therefore, they should seek professional advice before using their RMB.
Before 1997, Hong Kong’s education and academic structure were very similar to the British system. Students who wanted to attend a university were placed in academic grammar schools. Girls were educated at central schools and received domestic and trade skills. The rest of the population enrolled in other schools. This changed when immigration restrictions were lifted. Now, the education system in Hong Kong is entirely different. Chinese from mainland China can work and study in Hong Kong, even if they are not natives.
The number of applications has been stable since 2012, despite the political atmosphere and youth sentiment. The recent Occupy Central protests have had little effect on the number of applicants. The post-2014 period is driven by new economic, political, and socio-cultural factors. China is integrating with the Greater Bay Area initiative, and Hong Kong’s demographics are changing. Mainland Chinese have increasingly become the primary source of Hong Kong’s foreign-labor force.
Despite these problems, a new government policy aimed at integrating newly arrived Chinese children into the Hong Kong education system has been met with protests. The new policy requires that children take 60 hours of orientation, which includes learning Cantonese and Hong Kong culture. The government has also provided grant money to hundreds of schools to conduct programs for these children. The law has sparked pro-democracy demonstrations in Hong Kong.
For those employed in Hong Kong, CSSA is a vital piece of social protection. The scheme covers supplementary payments for Hong Kong residents earning less than HK$4,200 monthly. In addition to basic pensions, CSSA also pays for medical insurance. It is a vital part of Hong Kong’s social safety net and has become mandatory for most employees. Although CSSA is offered to all Hong Kong residents, some individuals may find that they cannot claim it for several reasons.
First, the law requires employers to enroll foreign employees in social insurance programs in the country. In addition to pensions, employees must participate in other social insurance schemes such as maternity, unemployment, and work-related injury insurance. Chinese employers must register foreign employees in social insurance schemes within 30 days of receiving work permits. Employers must deduct the required contributions from employees’ salaries every month. The rules are specific to each province.
The benefits of social insurance for Chinese from mainland China working in Hong Kong are an excellent perk for these expatriates. They can take advantage of the pension scheme if they’ve contributed to their social insurance schemes for at least 15 years and have reached their statutory retirement age. However, employers cannot withdraw contributions from an individual’s social insurance account. The employer contributions make up the majority of the total gift for an employee.
China recently announced that it would postpone its legal retirement age. This plan addresses several pressing issues in the country, such as the rapidly aging population, shrinking labor force, and the high cost of maintaining state pension funds. The proposed change is deeply unpopular, however. The older working population has complained about the long timelines, while the young worry about intensified competition for jobs. This study attempts to answer these questions by considering the implications for the future of China’s labor force.
China has a much higher retirement age than the United States, unlike the European Union. The current standard in China is 60 years old for men, 50 for women in enterprises, and 55 for women in the civil service. Although the statutory retirement age of China was set in the 1950s, it is no longer a realistic target. Today’s average life expectancy is 75 years old, and about 12 percent of the Chinese population is over 65.
The two alternative schemes are similar, though their effects are different. The former postpone the retirement age for males and females by ten years. The latter two schemes will significantly impact the labor force, but the former will be more popular with the public. Males are less likely to resist the changes, and females are more likely to support them than their counterparts. The first two plans generate less resistance than the second option.