Suspected UFO sighting in Hong Kong

This is a suspected UFO sighting in Hong Kong. It appears to be a big ball of fire in the sky, or some kind of fire lantern. Without having 'professionals' try and debunk this yet, many people have many different opinions.

To me, it just looks like a ball of fire in the sky. Or some kind of sky lantern the Chinese use during celebration and festivals (such as the one going on here). I highly doubt it is really a UFO, it's too easy to debunk as something commonly found in the sky around the Hong Kong area.