Young people should be offered more encouragement and allowed to contribute to society, instead of being criticized, said Paul Chow, chairman of Hong Kong Cyberport Management Co. Ltd.
Chow, who had earlier served as the chief executive of Hong Kong Exchanges and Clearing Ltd. (00388.HK), said he is confident about the abilities of the youngsters who are taking a bigger place in the local work force.
“I’ve never ever been worried about the youth as they’re quite often smarter than us,” the 68-year-old Chow said, according to the Hong Kong Economic Journal.
Noting that the older generations tend to find faults in the younger people instead of appreciating them for their achievements, Chow said the mindset needs to change.
It is a universal truth that grandsons are more brilliant than grandfathers and that a married couple can have different views, Chow said, calling on people to understand the youth better.
The remarks came as the youth have faced criticism for their allegedly self-centered actions as they participated in the Occupy pro-democracy protests.
Chow is currently overseeing a second three-year plan to turn the Cyberport into a regional center for internet, communications and technology in Asia.
Among the initiatives is a HK$200 million (US$25.80 million) fund for qualified start-ups in the Cyberport. Eligible firms will get HK$530,000 assistance over two years and helped in consultancy, training and office administration.
Fifty-one projects have been funded this year, including locally-developed taxi-calling app GoGoVan that has just attracted US$10 million equity investment from mainland social networking website Renren.com, and Bitcoin firm Bitspark that was founded by Australian expat George Harrap.
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