舍不得孩子套不住狼
shě​bù​de​hái​zi​tào​bù​zhù​láng

no risk, no reward

  1. 舍不得 捨不得 shě​bu​de
    to hate to part with
    To be loath to leave or let go of someone or something; to feel reluctant to part with.
  2. 孩子 hái​zi noun
    child
    a minor; an underage person; children
  3. 套 tào nounverb
    trap
    (bound form) a trick, snare, or scheme designed to deceive someone
  4. 不住 bù​zhù particle
    unable to
    Used after a verb to indicate that an action cannot be performed firmly or securely, or that something cannot be held back or controlled
  5. 狼 láng noun
    wolf
    wolf (Canis lupus)