New Entry Identity Card and Hong Kong Permanent Identity Card in Hong Kong

No, you still have to use your current passport to go abroad, and you don't enjoy the advantage of visa-free for permanent residents in Hong Kong. There is little difference between reading and studying. Hong Kong has no subsistence allowance, no right to apply for public housing and so on. Employment As long as a company hires you, the treatment is the same as that of a permanent resident, and you also need to pay taxes.