① In fact, the most convenient thing is that the Hong Kong passport allows visa-free access to 168 countries, such as Japan, Europe, and Australia, where you can stay for 90 days each time you enter. For someone like me who enjoys experiencing the lives of different countries, this is perfect. After the pandemic, I can buy discounted tickets and go whenever I want. In comparison, while it is relatively easy to apply for foreign tourist visas in Hong Kong with a Chinese passport, there are still requirements regarding work and bank statements.

② There is no need to consider the issue of renewal every few years; you can be a freelancer, start a business, work or study abroad, etc. Otherwise, if you want to maintain your Hong Kong identity, you need to stay in Hong Kong for work or find an agent to renew your status each time, which incurs higher costs and opportunity costs.

③ Permanent residency offers a wider and more flexible range of job opportunities compared to IANG.

④ Permanent residents in Hong Kong can purchase property in the Greater Bay Area without restrictions on residency and social security. Currently, Shenzhen has begun to strictly investigate companies that only pay social security without actual employment, which may tighten in the future.

⑤ Permanent residents can purchase property in Hong Kong with a 30% tax exemption (currently, the minimum down payment for Hong Kong property is 10%, making it a good opportunity to enter the market). Additionally, they can enjoy benefits such as public housing and subsidized housing, and elderly individuals can receive monthly subsidies (equivalent to having a pension insurance; although the amount is not high, the difference from social security is that this subsidy is unrelated to previous employment, and everyone receives the same amount).

⑥ Additionally, non-permanent residents can also enjoy benefits: low tax rates; free public healthcare; children can directly settle in Hong Kong and become Hong Kong residents, enjoying 15 years of free public education, and can participate in the joint examination for overseas Chinese students from Hong Kong, Macau, and Taiwan, escaping the competition, with a score of 400 to enter a mainland 985 university.