i) What score should I get for GMAT in order to be considered?
Shoot for above your target schools' average score if you can.
ii) If I do not apply for scholarships for those two schools. do I have a better chance of getting admitted?
No--applicants are generally considered for fellowships along with their applications. If not, requesting consideration or applying separately for scholarships will not adversely affect their decision.
iii) Does my school's reputation / scholarship give me extra points?
Yes by all means the quality and rigor of your undergrad preparation will be considered. Cass has a great reputation, particulalry in that part of the world, so you should be recognized by the adcoms for that.
iv) Should I apply in R1 / R2 ? I heard that Oxford's MFe is more competitive in R1 but they will help to find summer internships
Apply as soon as you can put together the best application.
v) I have both UK and Hong Kong Citizenships. Is it better if I apply as a British citizen or the other way round?
You will be required to inform them of your citizenship status including dual status.
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