The Hong Kong government is extending its anti-virus restrictions through Feb. 17. As a result, all the recent club measures (https://www.fcchk.org/fcc-further-tightens-anti-virus-restrictions-2/) will remain unchanged. This includes a 6 p.m. closing time in all outlets, a two-to-a-table limit and a limit of one guest per member. Banquets can continue, though with no more than 20 guests seated two to a table.
During the Chinese New Year, the FCC remains open at 10 a.m. until 6 p.m., the takeaway menu is available from 11 a.m. to 9 p.m.
In keeping with government requirements and best practices, all members, guests and staff must wear face masks at all times except when eating or drinking. This rule will be enforced including in the workroom. Hand sanitizer must be used. The FCC will continue the temperature-taking and declaration measures upon entry to the club, as well as the frequent cleaning protocols throughout the building. Please inform the staff if you are concerned that any of the rules are not being followed.
Thank you for your continued support of the FCC.
3 February 2021
FCC Continues Its Anti-Virus Restrictions
Dear FCC Members:
The Hong Kong government is continuing its anti-virus restrictions through Jan. 6. As a result, all the recent club measures(https://www.fcchk.org/fcc-further-tightens-anti-virus-restrictions-2/) will remain unchanged. This includes a 6 p.m. closing time in all outlets, a two-to-a-table limit and a limit of one guest per member. Banquets can continue, though with no more than 20 guests seated two to a table.
In keeping with government requirements and best practices, all members, guests and staff must wear face masks at all times except when eating or drinking. This rule will be enforced including in the workroom. Hand sanitizer must be used. The FCC will continue the temperature-taking and declaration measures upon entry to the club, as well as the frequent cleaning protocols throughout the building. Please inform the staff if you are concerned that any of the rules are not being followed.
Thank you for your continued support of the FCC.
22 December 2020
2021 HUMAN RIGHTS PRESS AWARDS – Open for Entries on January 1, 2021
2021 HUMAN RIGHTS PRESS AWARDS
Open for Entries on January 1, 2021
(Scroll down for Chinese version)
As the world marks Human Rights Day, Asia’s most prestigious awards honouring outstanding human rights reporting is announcing that it will be open for entries from January 1, 2021 to February 1, 2021.
The Human Rights Press Awards, now in their 25th year, are organised by the Foreign Correspondents’ Club Hong Kong, Amnesty International Hong Kong and the Hong Kong Journalists Association.
Showcasing this work has become more important than ever as governments around the region step up threats to basic freedoms, whether it be locking up journalists, carrying out arbitrary detentions or silencing political opponents.
Submissions must have been reported about the Asia region and been published or broadcast during the 2020 calendar year. Entries must be in either English or Chinese. Categories include Breaking News, Feature, Commentary, Multimedia, Video, Audio and Photography. Please go to the website for more details.
Each entry must cite the article of the Universal Declaration of Human Rights that the work seeks to address. This landmark document sets out the inalienable rights to which every person is entitled. The full text is available here: https://www.un.org/en/universal-declaration-human-rights/index.html
Please mark your calendars and be ready to submit your work!
For queries, please contact the awards administrator:
Cintia Huen
The Chinese University of Hong Kong – School of Journalism and Communication
Email: [email protected] Tel: (852) 3943 8705
The Hong Kong government is again tightening its anti-virus restrictions; several changes affect the FCC. The club will comply with the measures as follows starting Thursday Dec. 10:
•
Only two people are allowed at tables in all outlets and the number of guests per member is now limited to one.
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All restaurants will close at 6:00 p.m. every day. Last orders for food will be 5:15 p.m. while last orders for drinks will be 5:30 p.m. Any food or drink should not be consumed in areas adjacent to the FCC after 6 p.m.
•
The takeaway menu is available from 11 a.m. to 9:30 p.m., though last orders must be made by 9:00 p.m. The menu can be downloaded from our website at fcchk.org. Please place orders with the FCC Restaurant at 2844 2806 or [email protected]. Orders will be confirmed by a phone call.
•
The gym, including the sauna and steam room, will be closed.
•
Banqueting will continue except for cocktail parties, and distancing and mask-wearing while not eating or drinking are being enforced. The number of participants per event is limited to 20, with two to a table until 6 p.m. Please contact the banquet team at 2844 2838 or [email protected] to book.
•
Live performances are suspended.
•
All outlets are restricted to 50% capacity. Please book ahead.
•
The workroom is open from 8 a.m. to 6 p.m. Wearing a mask is required.
•
The FCC has registered a “LeaveHomeSafe” venue QR code from the government and now displayed the QR code at the entrance of the club to facilitate check in by members and guests and keep a record of visits with their mobile phones.
In keeping with government requirements and best practices, all members, guests and staff must wear face masks except when eating or drinking. Hand sanitizer must be used. The FCC will continue the temperature-taking and declaration measures upon entry to the club, as well as the frequent cleaning protocols throughout the building. Please inform the staff if you are concerned that any of the rules are not being followed.
People who have traveled overseas in the past 21 days are not allowed to visit the club, even once the “travel bubble” with Singapore begins.
Thank you for your continued support of the FCC.
9 December 2020
FCC Minimum Spend
FCC MINIMUM SPEND
Please be advised that the FCC Minimum Spend, which was rolled over from September, will now appear on members’ December statements that will be sent in early January. Despite the current restrictions, the FCC is very much open for business and we look forward to welcoming you over the holiday period. The minimum spend can be used for the club’s extensive take-away menu, including drinks. Additionally, vouchers equivalent to any outstanding minimum spend can be purchased and will be valid for use through March 2021.
Thank you for your support of the FCC.
2 December 2020
Dealmaker Weijian Shan on Private Equity in Asia and His Historic Bank Takeover
Private equity may play a crucial role in shaping Asian economies now, but that wasn’t always the case said PAG CEO and chairman Weijian Shan during an event at The Foreign Correspondents’ Club of Hong Kong. He described private equity in Asia as being in its infancy in 1999, when he served as the chief architect of a deal which saw American firm Newbridge Capital take control of Korea First Bank in the aftermath of the Asian financial crisis.
That historic deal is the subject of Shan’s new book Money Games: The Inside Story of How American Dealmakers Saved Korea’s Most Iconic Bank, which the author described as the only book he’s aware of that covers a major private equity deal from start to finish, including its aftermath. Negotiating the takeover of the government-owned bank was no easy task, Shan explained, as Newbridge wanted the government to be responsible for potentially bad loans on the books, while public officials wanted the new investors to assume all the risk. At the same time, the Korean economy was reeling from the financial crisis and subsequent International Monetary Fund bailout.
Having witnessed the ups and downs of the Asian financial crisis, Shan noted how that experience had a direct effect on financial institutions across the region being better suited to weather the 2008 global financial crisis. Similarly, he said, American and European firms are handling the current pandemic-related downturn well because of the lessons they learned in the last crisis.
More than two decades after the Korea First Bank takeover, Shan explained that the private equity market in Asia has matured as capital flows continue to increase and a greater number of firms compete in the buyout, growth capital and venture capital sectors. He also spoke of investors who are desperately seeking new money-making opportunities, and added a word of caution. “I really don’t think private equity is for retail investors,” sad Shan. “It’s by and large a high-risk business.”
This wasn’t Shan’s first time appearing at the FCC; he previously spoke about his book Out of the Gobi: My Story of China and America. With a forward written by Janet Yellin, who is President-elect Joe Biden’s pick for Treasury Secretary, the memoir is a fascinating account of how Shan survived China’s Cultural Revolution and went on to become a professor at the Wharton School of the University of Pennsylvania before embarking on a career in finance.
Watch the full event below:
FCC Minimum Spend
FCC MINIMUM SPEND
Please be advised that the FCC Minimum Spend, which was rolled over from September, will now appear on members’ December statements that will be sent in early January. Despite the current restrictions, the FCC is very much open for business and we look forward to welcoming you over the holiday period. The minimum spend can be used for the club’s extensive take-away menu, including drinks. Additionally, vouchers equivalent to any outstanding minimum spend can be purchased and will be valid for use through March 2021.
Thank you for your support of the FCC.
2 December 2020
FCC Further Tightens Anti-Virus Restrictions
FCC Further Tightens Anti-Virus Restrictions
Dear Members:
The Hong Kong government is further tightening its anti-virus restrictions; a few new changes affect the FCC. The club will comply with the measures as follows starting Wednesday Dec. 2:
•
Only two people — from four — are allowed at tables in all outlets and the number of guests per member is now limited to one.
•
All restaurants will close at 10:00 p.m. every day. Last orders for food will be 9:15 p.m. while last orders for drinks will be 9:30 p.m.
•
The gym is open yet the sauna and steam room remain closed. No more than two people are allowed per station and only four people in the room at a time. Wearing a mask while exercising is required in the gym. Please pre-register with the gym attendant at 2844 2849.
•
In-person events will continue, though two-per-table limits, a limit of 40 per event, distancing and mask-wearing requirements are strictly enforced.
•
Banqueting will continue except for cocktail parties, and distancing and mask-wearing while not eating or drinking are being enforced. The number of participants per event is limited to 40, with two to a table. Please contact the banquet team at 2844 2838 or [email protected] to book.
•
The takeaway menu is available from 11 a.m. to 10 p.m., though last orders must be made by 9:00 p.m. The menu can be downloaded from our website at fcchk.org. Please place orders with the FCC Restaurant at 2844 2806 or [email protected]. Orders will be confirmed by a phone call.
•
Live performances are suspended.
•
All outlets are restricted to 50% capacity. Please book ahead.
•
The workroom is open from 8 a.m. to 10 p.m. Wearing a mask is required.
•
As of Dec 2, it will be mandatory for the FCC to register a “LeaveHomeSafe” venue QR code from the government and display the QR code at the entrance of the club to facilitate check in by members and guests and keep a record of visits with their mobile phones.
In keeping with government requirements and best practices, all members, guests and staff must wear face masks except when eating or drinking. Hand sanitizer must be used. The FCC will continue the temperature-taking and declaration measures upon entry to the club, as well as the frequent cleaning protocols throughout the building. Please inform the staff if you are concerned that any of the rules are not being followed.
People who have traveled overseas in the past 14 days are not allowed to visit the club, even once the “travel bubble” with Singapore begins.
Thank you for your continued support of the FCC.
1 December 2020
A Message from the FCC President
Dear FCC Members:
This is a bittersweet note to write. I will be leaving Hong Kong in late December, moving to Bloomberg’s Global Business team in New York as a senior editor helping guide our coverage of the U.S. government response to the Covid-19 virus and the vaccine rollout.
It has been one of the highlights of my professional life to be president of the FCC for the past 18 months and to serve on the Board of Governors before that. This is the world’s best press club and a standard bearer of press freedom — a mission I cherish. I wish I could finish my second term yet this is a professional opportunity I can’t pass up. Family reasons are also calling me back to the U.S. The pandemic has made it difficult to live so far away from my elderly mother and my young-adult sons, without being able to travel.
The FCC will remain in excellent hands. I have been fortunate to work with a top-notch Board of Governors, who I know will make a wise choice in early January as to who will take over the presidency for the five months left after I end my term on Dec. 31. I plan to fully carry out my duties until then. We also are fortunate to have a terrific staff, led by our general manager, Didier Saugy.
I will be around the FCC through the holiday season. I hope to be able to see many of you and raise a toast to the world’s best press club.
Thank you,
Jodi Schneider
Hong Kong
Dec. 1, 2020
RTHK One of Many Public Broadcasters Globally Under Pressure: Ex-BBC Head Mark Thompson
With RTHK coming under increasing criticism from the government in recent months, former BBC Director-General and New York Times Co. CEO Mark Thompson spoke about the challenges facing public broadcasters in Hong Kong and around the world in a Zoom interview with The Foreign Correspondents’ Club of Hong Kong on Tuesday.
“In countries which don’t really have any big commitment to democracy, and who genuinely believe, or claim to believe, that solidarity and focus on what we all agree on is good – and everything else is not legitimate and valuable but actually is illegitimate and criminal – it’s not surprising that a public broadcaster gets acute pressure from the authorities,” said Thompson. “That seems to be playing out in Hong Kong as it is in so many other countries.”
Commenting on recent troubling developments including the suspension of a satirical programme as well as the arrest of an investigative reporter, Thompson expressed sympathy and solidarity with RTHK. “I’ve been interviewed by them, have colleagues there and regard RTHK as a sister broadcaster,” he said. When you threaten one public broadcaster, you kind of threaten them all in a way. It’s a bit like NATO: an attack on one is an attack on all.”
Reflecting on the history of RTHK, Thompson noted that it had not always exercised the same level of editorial independence that it has in recent years, particularly during the colonial era. “After the handover, clearly RTHK made real efforts to try and be dispassionate and objective in the way it covered, let’s say, last year’s disruptions and the government and the protesters,” said Thompson. “It feels like they’re under more pressure [now].”
Thompson also highlighted the important role that governments should play, or rather should not play, in allowing public broadcasters to operate freely. “It really depends on a group of very powerful people exercising self-restraint” and believing that “it’s in the greater public good that there should be an exchange of ideas, that journalists should be allowed to hold governments to account.” Ultimately, Thompson argued, “If the government doesn’t want it to exist, it won’t exist. In the end, they can switch you off.”
Thompson made clear that the problem isn’t limited to Hong Kong – “this is true of Western liberal democracies, it’s true of controlled societies” – and cited examples including Russia and nations in central and eastern Europe to illustrate his point, as well as his former employer. “The BBC has remained over decades a beacon of independence,” said Thompson, but not without its challenges.
“Winston Churchill hated the BBC and hated the idea of having a public broadcaster who was outside his control,” said Thompson, noting that, in more recent times, the British government has occasionally taken a more hands-on, aggressive approach to the public broadcaster in the form of official enquiries or funding cuts. He pointed to “wounded egos” inside Boris Johnson’s government who felt the broadcaster had been too tough on the Conservatives’ election campaign and threatened retribution. When the people controlling the purse strings threaten public broadcasters, Thompson said, “it’s bad for democracy.”
As for news organisations that aren’t supported by government funds, Thompson said they have their own challenges to face but dismissed the notion that consumers aren’t willing to spend on news subscriptions. “The whole notion that people won’t pay for news is based on a vision of the Internet circa 1999,” said Thompson, who argued that the public’s willingness to pay for different sources of entertainment such as Netflix proves that they are willing to do the same for high-quality news.
Still, he said, there are many financial challenges for newspapers to overcome, both due to the ongoing pandemic as well as long-term trends such as Facebook and Google providing cheap digital advertising solutions that have disrupted business models. Thompson was optimistic about the future, however, saying that “the idea that people don’t want high-quality news is not true” but rather something the owners of news organisations needlessly worry about.
Newspapers and other publications will have to get creative in order to survive, he said, adding that various sources of funding including private donors, philanthropic organisations, and commercial sponsorships could keep smaller newsrooms alive in the future. Even Google and Facebook might come to the rescue: “If they step up to the mark, it’s possible to imagine these huge platforms being a source of funding for these local publications.”