Cost of Living and Finance

Cost of Living

Expenses Estimated cost per month
Rental for Off-campus Accommodations1 HKD$5,625-6,875
Living costs (meals, transport, laundry, and education expenses for books, stationery, etc.)2 HKD$4,500

1 The rental for off-campus accommodations could vary depending on the size, location, age of the building, etc.
2 Living cost could vary depending on individual lifestyle and choices.

Money Matters

Bringing Money to Hong Kong

It is unnecessary to carry a large amount of cash with you when you travel to Hong Kong. There is no immediate or large payment due on arrival, so an amount of around HK$10,000 in cash to support general living for the first two months should suffice.

Each student will receive an all-in-one payment notice during the first month after enrolment covering insurance premiums, etc. Payment can be settled by various means. Please visit website of the Finance Office for details.

Banking Services

Most of the banks in Hong Kong are open from 9:00 am to 4:30 pm Monday to Friday, and from 9:00 am to 12:30 pm on Saturdays, except for public holidays. Some banks and branches have slightly longer hours and some banking services are not available an hour before closing.

Automated teller machines (ATMs) can be found almost everywhere in Hong Kong, providing 24-hour cash withdrawal (HK$) for Visa and MasterCard holders. Some ATMs also provide cash in Renminbi, but few support withdrawals of other currencies.

A campus branch of the Hang Seng Bank is located on the 3rd floor of Yeung Kin Man Academic Building. For more information about the bank’s services, please call (852) 2198 0445 or visit

Branches of other banks such as Citibank, HSBC, DBS and the Bank of China, can be found in the nearby Festival Walk shopping mall.

Credit Cards

Visa, MasterCard, American Express and most of the international credit cards can be used for cash withdrawal and other financial transactions at ATMs in Hong Kong. However, please note that some local shops do not accept credit cards.

Other than the traditional payment methods, electronic payment such as Apple Pay, Google Pay, WeChat Pay and Alipay are also widely accepted in shops and restaurants.

Currency Exchange

The legal tender in Hong Kong is the Hong Kong dollar (HK$), which is linked to the US dollar at a rate of about HK$7.8 to US$1, although sometimes the exchange rate may fluctuate slightly.