Consider a simple metaphor. 10 people in the room. 9 of them make 100 dollar less than last year but the last one earns 2000 dollars more. The average will say that these 10 people are better off as a group! Inevitably, the social progress is measured by the sum, such as GDP or whatever "objective" figures.
It is undeniable that the rich is always getting the largest pie of ANY social progress unless you topple the entire capitalism in Hong Kong and build your own Utopian society. The current M-shape scociety in HK is not going to disappear any time soon.
Putting enormous amount of money blindly in education, particularly when it uses the newly adopted bizzare GE model, will make Hong Kong become a joke. A city of 7 million population has 1 million doctoral graduates?
The college graduates I have interviewed are getting worse and worse. The best way to run a university in HK is to educate the students how to be a good employee in the first place not a leader, not with the glossy slogans.