The CUHK Hong Kong Quality of Life Index, which aims to assess and monitor the quality of life in Hong Kong, is a composite index incorporating both objective and subjective measures. This index, developed by the Faculty of Social Science of The Chinese University of Hong Kong, employs data collected in representative sample surveys and official statistics. A wide range of life domains is covered and the year 2002 is taken as the base year of the study. Index scores demonstrate that in general the quality of life in Hong Kong has improved slightly in 2003; scores of the composite index and the three sub-indices on sectorial performance are somewhat higher than those of the previous year. It is noteworthy that Hong Kong has made noticeable progress and performs as well as many economically advanced societies in certain life domains; yet, the well-being of the people relies on further improvement in others.