http://www.geoexpat.com/forum/thread45483.html
check out this thread about return home pass (回嚮証), they changed the rules in 2005 for overseas born chinese, so no, unless you've lived in hk continuously for 7 years.
multi use visas ( 6months @ HK$890 1 year a@ HK$1,300) is not too bad if you have got it from china consulate, i prefer not to get it from CTS cos some of their staff are dodgy as well as cheaper and faster in china consulate
It's not a consulate, but the Commissioners Office of China's Foreign Affairs Ministry in Hong Kong.
Come on lads, you've both been around Hong Kong long enough that you shouldn't be doing things the 'tourist' way anymore!
I wouldn't knock CTS - I've had some very good service from them (and some poor) - likewise from the China visa place in Wanch - if you get someone helpful - service is great - if you get some cnut that has had to put up with people being rude all morning - it'll be a struggle and frankly rather than que up outside in 32oC+ I'll pay someone to do it faster for me. Greyline Tours helped me get a single entry visa for a business visitor in less than three hours on a Monday morning. But it cost a few bob. During the Olympics Visa Fiasco last year I found a travel agent on Queens Rd that could get me double entry visas when no one else could.
I've got a 5 year multiple so I don't have a problem but if I have to sort things out for visitors I'll pay a few dollars extra for hassle free service.