Parents discourage their children from engaging in potentially risky activities (eg. entrepreneur, startups, etc) because that puts their (the parents') future well-being in substantial jeopardy.
The weight of that jeopardy is best conveyed by the fact that there are ~300 families in Singapore that are receiving welfare, and each of those are handled on a case-by-case basis.
Caveat -- my understanding is based on the information provided by a friend living in Singapore, working in the tech industry, having spent some years trying to engender a startup culture. Apparently things are changing now, but that's the (recent) history.
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Singapore is an interesting place in this regard.
Parents discourage their children from engaging in potentially risky activities (eg. entrepreneur, startups, etc) because that puts their (the parents') future well-being in substantial jeopardy.
The weight of that jeopardy is best conveyed by the fact that there are ~300 families in Singapore that are receiving welfare, and each of those are handled on a case-by-case basis.
Caveat -- my understanding is based on the information provided by a friend living in Singapore, working in the tech industry, having spent some years trying to engender a startup culture. Apparently things are changing now, but that's the (recent) history.
HK is doubtless more complicated.