Another finding of this trip to Hong Kong is, Hong Kong is not too much more expensive than Shanghai today.
I had the impression that Hong Kong is super expensive, compared to Shanghai. Many years ago, I cannot understand why a bowl of noodle costs 40-50 RMB, and a direct ride on Metro cross the Victoria Bay costs around 9 RMB. At that time, same distance of Metro in Shanghai only cost 2 RMB.
During this trip, I have new ideas.
The first factor is the exchange rate. Now, 1 Chinese yuan = 1.12664683 Hong Kong dollars. Before, Hong Kong Dollar worth more than Chinese RMB. Something like 1.1 RMB to 1 HKD. Today, it is completely the opposite. I withdraw cash on local ATM machines – 200 HKD, and I got SMS notification that 177 was deducted from my China Merchant Bank card. I am feeling good about it.
Taxi is not that expensive also. A short trip from Hong Kong Station of Airport Express to Island Pacific Hotel cost 30-40 HKD. It is by no way cheap, but considering a typical Shanghai taxi drive also cost 20-30 RMB, I feel it is in the same range.
Noodle still cost around 40 HKD, but comparing to 30-35 RMB noodle shops in Shanghai, that is also pretty close.
My conclusion: it is not because Hong Kong becomes cheaper, it is because Shanghai gets much more expensive, so I don’t feel the gap any more.