As argued in Chap. 2, well-being is subjective and closely related to one’s relationship with resources. If people can do what they value with their resources, this relates to their capability and being able to and/or having the freedom to live a life they value, demonstrating achievement of well-being, according to Sen (Development as freedom, Oxford University Press, New York, 1999). In our study we used categorization of Ryan et al. (J Refug Stud 21:1–18, 2008) foe analyzing what resources refugees had: personal resources related to physical or psychological needs; material resources related to money, property, and personal possessions, including employment; social resources related to one’s emotional, informational, and tangible support in personal relationships; and cultural resources related to one’s skills, knowledge and beliefs within a cultural setting (Ryan et al., J Refug Stud 21:1–18, 2008). In our research, we intended to understand the relationship between the resources that our participants, refugees and asylum seekersRefugees and asylum seekers (RAS), access and how these resources influence their lives in Hong Kong. We collected data through interviews, surveys, participant observations, and reflection. In this chapter, we share the data that we have analyzed based on similar categorization with Ryan et al. (J Refug Stud 21:1–18, 2008); however, collected data indicate that despite being categorized under one type, such as housing (under material resources), different types of resources can influence another aspect of well-being, such as access to educationAccess to education (under cultural resources). We then discuss Hong Kong’s approach at the societal level to regulating refugees’ access to resources and review how equality is conceptualized in Hong Kong. We conclude that Hong Kong must replace its depoliticizing strategy towards RAS to improve RAS well-being.