This will be the most cost-effective secondary education system for Hong Kong and Hong Kong's workforce will surely improve a lot by such system. Government's role in training may always distort these needs and complicate the training system by its participation. Hong Kong government has wasted too much in retraining and subsidizing the training function which should be privatized indeed for better cost-effectiveness. The government should just encourage staff training and avoid cheating in the market. There is general misbelief that certificate is the main consideration of staff recruitment decision.
Companies are reluctant to invest on staff training.
Hong Kong government's interference in the training and job market is basically ineffective. There is significant discrimination by age and sex etc. This is a management rather than a legal problem. Some companies deliberately distort the job market for their own benefit. Nowadays, economic development greatly relies on knowledge, technology, skill and management.