Ha ha, I won't ask you to name your alma mater (secondary or primary) and promised to not ask you at length about your experiences there. :) Don't get me wrong, being close to one's schools, classmates, etc are all good.
In fact, this coming Saturday, I will be having dim sum with my wife and her friend's HK high school teachers (two of them and their families) to catch up! And we do this few times a year. They are their revered teachers. To me, I treat the teachers well as I treat any elderly friends in a friendly manner.
My wife and my sister both attended HK schools (secondary and primary) that are 100+ years old (and those schools shall remain unnamed here :) ). So I know somewhat how this feel.
Bottom line is I see the positives and yet I cannot ignore the systemic negatives. And very good to see your sons don't care. May be there is hope. Now, they or some of their peers can get into the news media and stop them from reporting/caring. Or better yet, become teachers and get into schools to make all schools better.
So far, printing/broadcast news mentioning these brand name schools still help sell stuff and they will keep happening like a bad version of Groundhog Day where no one actually learn anything. :)