In Q12015, unemployment in HK stood at just 3.2% but youth between 15-24 were the biggest group

Rex Sham, serial entrepreneur and rising robotics star, shared his insights on entrepreneurship in Hong Kong. 

• Property prices have massively outstripped wage increases over the last 20 years, 
• People tend to focus on people's successes but success isn't as replicable as failure
• Private investment and university labs are fuelling entrepreneurship in HK
• You can be anchored in HK but many start ups focus on  a bigger market than HK 
• Start ups w women have much better structured plans and women present better than men

Professor Richard Wong, Chair of Economics at Hong Kong University, remarked:

• The young who won't make it are those who start off disadvantaged to start with 
• 400k+ women have joined the HK workforce in the last 20 years
• Mobility is improving apart from the low end but the rewards will be much more concentrated 
• Women will do better than men in the future b/c they are more adaptable 
• We can't build enough housing at the rate at which HK people are divorcing! 
• In the future, retired ppl will do more non-paid work & there will be many more infirm elderly to help

Laurence Li: Good grades used to be enough, now exposure & soft skills are needed but what about the havenots? It's the rate of change that makes people feel good. We feel bad because HK can no longer hv that same rate of change

Kee Chi Hing: HK is better than 80% of countries when it comes to percentage of youth employment