haha, I heard that. Long way to go...Don't forget that there is also the seldom publicised, 'Top Tier' stream within the GEP for work visa renewals.
If you qualify for the 'Top Tier' Stream', after 2 years of years working in HK, you can go from pattern of work visa stay from “1+2+2+3” years to “2+6” years, with no other conditions of stay upon extension.
The main criteria for the Top Tier Stream is that you make more than 2M HKD per year, for 2 consecutive years. If so, upon your first work visa renewal, you can qualify for the 'Top Tier' which gives you a 6 year 'work' extension that is not tied to a specific employer.
Well worth considering, if it is an option.