180 Hong Kong dollars registration fee is not expensive. If you apply to a British university, you know that no university in Europe and America has such a cheap application fee, 180 Hong Kong dollars. Unless you are sure that the British university admission will be announced early, or you are determined to win, Hong Kong students can apply well, so give yourself one more choice.
Generally, there is no student boat in the ma of CUHK, and only students in mphil can get more than 10,000 student allowances every month, because students in mphil need part-time teaching assistants to give remedial classes to undergraduates on a regular basis. There are many scholarships, but the competition is fierce.
To study for a master's degree in Chinese translation in Hong Kong, the first choice is the University of Hong Kong and the Chinese University, both of which are world-renowned universities. If you get excellent grades, you will have more opportunities to apply for further study in famous foreign universities. In addition, Hong Kong has a great demand for people who are proficient in Putonghua, especially Putonghua education. In fact, there are still many opportunities for you to stay and work in Hong Kong after finishing your master's degree. See if you're interested. If not, studying translation in the UK may help you find a job in China.