Studying overseas has a long history in Hong Kong. Driven by limited academic spaces at home and attracted by opportunities in foreign universities, the territory’s students, initially as undergraduates and increasingly as graduates, have gone abroad in search of academic excellence. Like students elsewhere, they have found their search shaped by the globalisation of the labour market and by cultural identity. While globalisation has influenced the choice of courses and universities, cultural identity has influenced individual perceptions and behaviour. While globalisation has transformed the national boundaries of educational institutions, cultural identity has challenged the mode of teaching and learning.