Only 14,500 (18%) of Hong Kong students can find a place in the first year of a government-funded degree program in a local university.
How many enter a university overseas? According to my own study 2 years ago, it is about ~8,600 (11%). [“Hong Kong Students in Overseas Universities?”, September 21, 2009, http://stephencfchan.blogspot.com/2009/09/hong-kong-students-in-overseas.html]
In addition to that, it is estimated there are ~3,000 (3.7%) self-financed degree places, ~8,000 (10%) associate degree places, and ~9,000 (11%) Higher Diploma places.
Altogether, there is an estimated 54% who can enroll in accredited post-secondary programs. But only 29% are in degree programs (local and overseas).
The total number in local universities (both government-funded and self-financed) is ~17,500 (22%). In comparison, it is 50% in New Zealand, 41% in Finland, 37% in UK, Denmark and Norway, 30% in Canada, ... We still have a long way to go to catch up with other developed countries.