Repulo,
MOMO's actual conditions are yet to be announced but it has been said that it will only be available at CAN, not the RSP's. Also is yet to be announced how much money the company will provide to cover your accommodation during the month on. At present we get $830 a month on a full time contract.
Iamneon,
The actual length of the training varies greatly from fleet to fleet and it's also subject to availability of LTC's, SIM slots, how long the CAAC takes to issue your license, etc... Having said that, the guys who have made the transition from the A320 to the A330 are among the fastest in the system and average about 4-6 months from induction to fully released.
You do have opportunities to go home during your training such as the breaks you get between induction and SIM, or during the time the CAAC takes to issue your license. Then, once the line training starts you get 8 days OFF per month until released to the line.