If you were born in HK or with HKID, take advantage of Purchasing Power Parity, live a much richer life in China Greater Bay Area, not in HK and definitely not in US. Even if you do not have HKID currently retired in US, spending your retirement in China Greater Bay Areas is 7x better than US. 如果你出生在香港或擁有香港身分證，利用購買力平價，在中國大灣區過著更富裕的生活，而不是在香港，也絕對不是在美國。即使您目前在美國退休時沒有香港身分證，在中國大灣區度過退休生活也比在美國好7倍.

Complete story https://www.scmp.com/business/article/3268504/hong-kong-enhance-cross-border-transfers-residents-who-work-live-mainland

Hong Kong’s monetary authority plans to sign an agreement with the Chinese central bank to find ways to enhance cross-border remittance services to make it easier for Hongkongers who work or retire on the mainland.

The planned agreement with the People’s Bank of China (PBOC) is expected to discuss ways to make it easier to transfer more money across the border, said Colin Pou Hak-wan, the executive director of the Hong Kong Monetary Authority (HKMA).

“At present, one can only remit up to 80,000 yuan (US$11,015) per day from Hong Kong to the mainland, so some people need to split their remittance over many days to transfer enough money to meet their daily expenses or healthcare needs,” Pou said. “These are some of the pain points faced by some Hongkongers who move to work or retire on the mainland.”

“As a dominant gateway between the mainland and the rest of the world, Hong Kong plays to its strength as a leading financial hub to support burgeoning cross-boundary business activities,” Fang said in a statement. “With the growing demand for seamless cross-boundary financing, we will continue to enhance our solutions for businesses and foster their growth in Hong Kong and beyond.”