We wish everyone a Happy New Year and to even brighter beginnings in 2020!

The Economic Club of Hong Kong will start the year with two important topics: “Hong Kong Protests – A Mental-Health Time Bomb”, and “Fake News: The Psychological War For Hearts And Minds”.

Hong Kong Protests – A Mental-Health Time Bomb

January 14th, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

Mental health has long been one of Hong Kong’s serious social problems. Our high-pressure work environment and education system add to stress and anxiety, while our culture discourages openness about depression and other personal problems. Our suicide rate is one of the highest in Asia – which, as a region, has the highest rate in the world. As demonstrations continue to affect Hong Kong, residents are feeling the impact of extended social unrest. This has highlighted the mental health state of both those participating and not participating in protests. Watching live-streamed violence on the news too frequently and hearing bitter arguments and accusations repeatedly increases the risk of post-traumatic stress disorder (PTSD). Other conditions include disrupted sleep, excessive substance use, inability to focus at work or strained relationships. While the political crisis may be resolved eventually, the mental health crisis that follows may last for decades, affecting the next two generations of people.

In this meeting we are going to discuss:
1. How has the current state of Hong Kong affected mental health on an individual level?
2. How to maintain social and support networks when families or friends fall out due to different political views?
3. What kind of mental health policy or support measures should our government/society provide?

Required readings:
• https://www.scmp.com/news/hong-kong/health-environment/article/3032234/mental-health-hong-kong-its-worst-level-eight
• https://www.theguardian.com/society/2019/oct/22/society-is-suffering-hong-kong-protests-spark-mental-health-crisis

Recommended additional reading:
• https://asia.nikkei.com/Opinion/Hong-Kong-protest-violence-is-leading-to-mental-health-catastrophe

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP via Facebook or Eventbrite | January 14th, Tue 19:15 | Salon No. 10, Central

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Fake News: The Psychological War For Hearts And Minds

January 21st, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

In the ongoing unrest in Hong Kong different camps spread selective images and videos to sway public opinion. Disinformation is not only part of the game, but a “psychological warfare” tool wielded by both sides. Scholars say that, as the protests continue, the problem is worsening. And, as Hongkongers consume media content that fails to present the whole truth, society is in danger of being polarised to such an extent that reconciliation between opposing sides becomes more and more difficult. Worldwide, the capacity of fake news to influence policy-making and in particular, political elections, seems to have grown, and is provoking a backlash.

In this meeting we will discuss:
1. How to stem the flow of disinformation while there remains an audience of readers hungry for fakery?
2. How to censor fake-news stories while not compromising the freedom of speech and publication?
3. How to remain critical and alert, questioning second hand (media) information?

Required readings before attending:
• https://www.scmp.com/news/hong-kong/society/article/3032734/fake-news-and-hong-kong-protests-psychological-war-hearts
• https://www.economist.com/finance-and-economics/2018/04/05/fake-news-flourishes-when-partisan-audiences-crave-it

Suggested additional reading:
• https://www.economist.com/science-and-technology/2019/10/24/lithuanians-are-using-software-to-fight-back-against-fake-news

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP via Facebook or Eventbrite | January 21st, Tue 19:15 | Salon No. 10, Central

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Meeting Format:
The host will welcome you at the venue and start with an introduction about the community and the topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within each subgroup, we will introduce ourselves (name, profession, hobby and fun fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read the suggested materials prior to the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

The Economic Club of Hong Kong is a community of intellectually curious people. Events are organized by a group of passionate volunteers.

—

Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

EconClubHK Special: Elections in Hong Kong

November 21st, Thurs 19:00 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

Into the fifth month of continuous protests in almost every district of the city, the Hong Kong government has scheduled the next District Council election to be held on 24th November 2019. Since the beginning of the nomination period in October, there were temporary signs of protests de-escalating on the streets, signs the administration has long thirsted for. However, there were also comments that the government should postpone this election to a later date.

General elections are often seen as resolutions to major political disputes, and snap elections (bringing a scheduled election forward) are often arranged when an existing government cannot handle a certain pressing issue in society. However, very few people are seeing snap elections, or the election system of Hong Kong as a whole to be useful in bringing the current political turmoil to an end.

In this meeting, we will discuss:
1) On what circumstances should a government consider postponing an election?
2) What does ‘executive dominance’ mean to politicians and voters in Hong Kong?
3) Will a snap election for the Legislative Council be beneficial to the stalemate we face today?

Join the upcoming event titled “EconClubHK Special: Elections in Hong Kong”, which will be held on Nov 21st, Thurs, from 19:00 to 20:30 at Salon 10 (Arbuthnot Rd, 10).

This is a non-speaker event. Recommended reading: https://asia.nikkei.com/Spotlight/Hong-Kong-protests/Five-things-to-know-a-week-before-Hong-Kong-s-district-elections

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP via Facebook or Eventbrite | November 21st, Thurs 19:00 | Salon No. 10, Central

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Meeting Format:
The host will welcome you at the venue and start with an introduction about the community and the topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within each subgroup, we will introduce ourselves (name, profession, hobby and fun fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read the suggested materials prior to the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

The Economic Club of Hong Kong is a community of intellectually curious people. Events are organized by a group of passionate volunteers.

—

Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

Here is a kind reminder on the upcoming community event of The Economic Club of Hong Kong “Cashless Society: Lessons From China and Sweden”, which will happen next Tuesday on November 12th, 19:15 at Salon No.10 (10 Arbuthnot Road, Central).

Cashless Society: Lessons From China and Sweden

November 12th, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

For the past 3,000 years, when people thought of money they thought of cash. But the direction of travel is clear, and in some cases, the journey is nearly complete. Cash is dying out because of two forces. One is demand—younger consumers want payment systems that plug seamlessly into their digital lives. But equally important is that suppliers such as banks and tech or telecoms companies are developing fast, easy-to-use payment technologies from which they can pull data and pocket fees. Yet set against these benefits are a bundle of worries. Electronic payment systems may be vulnerable to technical failures, power blackouts and cyber-attacks. Further, the poor, the elderly and country folk may be left behind. And eradicating cash, an anonymous payment method, for a digital system could let governments snoop on people’s shopping habits and private titans exploit their personal data. What can we learn from first movers like China and Sweden?

Join the upcoming event by The Economic Club of Hong Kong themed “Cashless society – Lessons from China and Sweden”, which will be held on Nov 12th, Tue, from 19:15 to 20:45 at Salon 10 (Arbuthnot Rd, 10).

This is a non-speaker event. Please read the following articles before attending the meeting:
– Rich countries must start planning for a cashless future (The Economist)
https://www.economist.com/leaders/2019/08/01/rich-countries-must-start-planning-for-a-cashless-future (REQUIRED FOR ALL ATTENDEES)

Suggested additional material:
– Going Cashless: What Can We Learn from Sweden’s Experience? (Knowledge@Wharton)
https://knowledge.wharton.upenn.edu/article/going-cashless-can-learn-swedens-experience/
– China’s payment system: Revolution, evolution, or passing fad? (Brookings Institution)
https://www.youtube.com/watch?v=iHMiIhVCszY

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP via Facebook or Eventbrite | November 12th, Tue 19:15 | Salon No. 10, Central

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HK’s Housing Crisis: The Root Cause of Social Unrest?

November 26th, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

We continue our series on local Hong Kong issues:

Many political commentators and media outlets specifically listed unaffordable housing as the root cause for protests that rock the city. The administration surely depends on land premiums and stamp duty as its main revenue source (42% of the total HK government revenue in 2018/2019). The call for a resolution to address the housing problem has grown louder.

Think tanks, committees and interest groups have floated various proposals. For example, the Lantau land reclamation project with a projected duration of 30 years and cost of HKD500 billion appears to be a long shot. Also, rezoning farmland or country parks, selling subsidized public housing flats, or developing brownfield sites seems unwelcome by many citizens. Furthermore, the proposal by Chief Executive Carrie Lam to ease mortgage rules was greeted with criticism than applause.

People are not short of ideas, but all of them require political will and the grit to take on established interests. In this meeting we are going to discuss:
1. Is the housing crisis, i.e. lack of affordable housing, the root cause of the social unrest and dissatisfaction with HK’s administration?
2. Do you agree with any of the proposals think tanks and/or public interest groups published or, what do you think could be a way forward to address the housing shortage?
3. Is it realistic to expect affordability of housing, without crashing market and valuations enjoyed by current property owners?

Join the upcoming event by The Economic Club of Hong Kong themed “HK’s Housing Crisis – The Root Cause of Social Unrest?”, which will be held on Nov 26th, Tue, from 19:15 to 20:45 at Salon 10 (No. 10 Arbuthnot Rd, Central).

This is a non-speaker event. Please read the following article before attending the meeting:
– Hongkongers pay a price for their low taxes through the world’s most expensive homes and smallest living space. Here’s why (SCMP)
https://www.scmp.com/business/article/3029820/hongkongers-pay-price-their-low-taxes-through-worlds-most-expensive-homes

Suggested additional reading:
– HK faces third-greatest housing bubble risk globally: UBS (Hong Kong Business)
https://hongkongbusiness.hk/residential-property/news/hong-kong-faces-third-greatest-housing-bubble-risk-globally-ubs
– Hong Kong’s Housing Crisis (Urban Land Magazine)
https://urbanland.uli.org/development-business/hong-kongs-housing-crisis/

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP via Facebook or Eventbrite | November 12th, Tue 19:15 | Salon No. 10, Central

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Meeting Format:
The host will welcome you at the venue and start with an introduction about the community and the topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within each subgroup, we will introduce ourselves (name, profession, hobby and fun fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read the suggested materials prior to the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

The Economic Club of Hong Kong is a community of intellectually curious people. Events are organized by a group of passionate volunteers.

—

Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

It’s official. The Hong Kong government has invoked the Emergency Regulations Ordinance (ERO) to implement an anti-mask law to ban protesters from wearing face masks.

We wish to hear your thoughts! Join us for the upcoming meetings of The Economic Club of Hong Kong.

Facial Recognition – Pros & Cons

October 8th, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

Critics say facial-recognition cameras and automatic license-plate readers can gather images constantly and store them indefinitely, making surveillance cheap and invisible. What this type of technology may imperil is the space for disobedience built into any humane system of laws. Some may shrug, believing that since their phones already track them, and their social media accounts provide a record of their preferences, travel, and in many cases, political beliefs, one more incursion on their privacy does not amount to much. Many already accept lots of surveillance like being monitored by CCTV cameras in shops, hotel lobbies and office floors. How should society weigh the pros and cons of facial recognition technology and its application?

This is a non-speaker event. Please read the following articles before attending the meeting.

Required material to read prior to attending the event:
– Why San Francisco banned the use of facial-recognition technology (The Economist) https://www.economist.com/democracy-in-america/2019/05/16/why-san-francisco-banned-the-use-of-facial-recognition-technology (REQUIRED FOR ALL ATTENDEES)

Suggested additional material:
– Medium – Towards Data Science – How Ethical Is Facial Recognition Technology?https://towardsdatascience.com/how-ethical-is-facial-recognition-technology-8104db2cb81b
– Economist Video – China: facial recognition and state control https://www.youtube.com/watch?v=lH2gMNrUuEY

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP via Facebook or Eventbrite | October 8th, Tue 19:15 | Salon No. 10, Central

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Russia & China – An Uneven Partnership

October 22nd, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

According to many analysts, China dominates every aspect of the two countries’ partnership. Its economy is six times larger (at purchasing-power parity) and its power is growing, even as Russia’s fades. China is a vital market for Russian raw materials, especially fossil fuels. As Russia seeks to evade the hegemony of the dollar, the yuan is becoming a bigger part of its foreign-currency reserves. Based on the above there seems to be a contradiction between Mr Putin’s claim to be restoring Russian greatness and the increasingly obvious reality of its subordinate role to China. What does this partnership entail for Asia and the rest of the world?

This is a non-speaker event. Please read the following material before attending the meeting:

– Partnership is much better for China than it is for Russia (The Economist) https://www.economist.com/leaders/2019/07/27/partnership-is-much-better-for-china-than-it-is-for-russia (REQUIRED FOR ALL ATTENDEES)

Suggested additional material:
– How Vladimir Putin’s embrace of China weakens Russia (The Economist) https://www.economist.com/briefing/2019/07/25/how-vladimir-putins-embrace-of-china-weakens-russia
– The Diplomat: Putin in Beijing: What Drives China-Russia Relations? https://thediplomat.com/2019/05/putin-in-beijing-what-drives-china-russia-relations/
– World Economic Forum – Issue Briefing: China and Russia, Deepening Ties?https://www.youtube.com/watch?v=2mZi5q3BvEs

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP via Facebook or Eventbrite | October 22nd, Tue 19:15 | Salon No. 10, Central

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Meeting Format:
The host will welcome you at the venue and start with an introduction about the community and the topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within each subgroup, we will introduce ourselves (name, profession, hobby and fun fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read the suggested materials prior to the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

The Economic Club of Hong Kong is a community of intellectually curious people. Events are organized by a group of passionate volunteers.

—

Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

Here is a kind reminder on the upcoming community event of The Economic Club of Hong Kong “Ethics in the workplace: Have We Passed Peak Trust?”, which will happen this Tuesday on September 24th, 19:15 at Salon No.10 (10 Arbuthnot Road, Central).

Recently, entrepreneurs in China like Jack Ma criticize the anti-996 movement that fights against the 72-hour workweek in many Chinese start-ups. In addition, companies use more and more tracking technology to monitor job candidate and employee behavior in and outside the office. On the other hand, the ECJ (European Court of Justice) ruled that employers in the EU have to record the working times of their employees to ensure workers’ rights under the EU’s working time directive.

• Have we passed peak trust between employers and employees?
• What are the expectations in respect of (ethical) behavior managers and subordinates have?
• How does the workplace of the future look like?

Required reading:

1. Bloomberg: In China Tech 996 means work, work and more work –
   https://www.bloomberg.com/news/articles/2019-05-11/in-china-tech-996-means-work-work-and-more-work-quicktake
2. Politico: All companies must record staff working hours, EU court rules –
   https://www.politico.eu/article/all-companies-must-record-staff-working-hours-eu-court-rules/
3. Havard Business Review: Better People Analytics –
   https://hbr.org/2018/11/better-people-analytics

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

Meeting Format:

The host will welcome you at the venue and start with an introduction about the community and the topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within each subgroup, we will introduce ourselves (name, profession, hobby, and fun-fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read the suggested materials prior to the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

The Economic Club of Hong Kong is a community of intellectually curious people. Events are organized by a group of passionate volunteers.

Register via Facebook or Eventbrite | September 24th, Tue 19:15 | Salon No.10, Central

—

Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

Here is a kind reminder on the upcoming speaker event of The Economic Club of Hong Kong “Protest in Hong Kong: What is the end game?”, which will happen next week on September 10th, Tuesday 19:15 at The Hive Wan Chai (21/F, The Phoenix, 23 Luard Road, Wanchai).

What started with demonstrations and a public outcry against a proposed extradition law, that would have allowed to surrender suspects to the mainland, has escalated into a severe crisis of social unrest. Twelve weeks on now, the protesters have shown persistence and courage despite facing state-sanctioned violence and politicized prosecutions.

They are calling for:
1) The complete withdrawal of the proposed extradition bill;
2) The government to withdraw the use of the word “riot” in relation to protests;
3) The unconditional release of arrested protesters and charges against them dropped;
4) An independent inquiry into police behaviour; and
5) Implementation of genuine universal suffrage.

We are pleased and honoured that Mr. Law Wing Chung, an award winning journalist and assistant to John Tsang during his campaign for Chief Executive in 2017 agreed to share his views on the proposals and his vision for Hong Kong with us. After his talk and Q&A, we will provide a forum to discuss and explore your ideas in small groups.

In this meeting we will discuss:

• Is there a way out of the current stand-off apart from the government accepting the five demands of the protesters?
• Can cash-handouts (as proposed by some politicians) mute the unhappiness and anger in the society?

Required material to read prior attending the event:

– Hong Kong extradition protesters made five demands of Carrie Lam. Believe it or not, they have been heard (South China Morning Post) https://www.scmp.com/comment/opinion/article/3017719/hong-kong-extradition-protesters-made-five-demands-carrie-lam
– Hong Kong reveals multi-billion dollar relief measures and subsidies, as finance chief cites poor economic outlook (HKFP) https://www.hongkongfp.com/2019/08/15/hong-kong-reveals-multi-billion-dollar-relief-measures-subsidies-finance-chief-cites-poor-economic-outlook/

Suggested additional material:

-【大灣區】中港融合下的香港未來　青年如何立足？(link on HK01.com) (Chinese only)
– Hong Kong desperately needs political reform to make LegCo and the chief executive accountable (link on South China Morning Post)

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP for joining the event on Facebook: https://www.facebook.com/events/393386731365284/

Meeting Format:
The host will welcome you at the venue and start with introduction about the community and the topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within subgroup we will introduce ourselves (name, profession, hobby and fun fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read suggested materials prior the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

The Economic Club of Hong Kong is a community of intellectually curious people. Events are organized by a group of passionate volunteers.

Register via Facebook or Eventbrite | September 10th, Tue 19:15 | The Hive Wan Chai

—

Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

Here is a kind reminder on the upcoming meeting of The Economic Club of Hong Kong “Civic Engagement in Hong Kong: From Yellow Umbrellas to Hardhats”, which will happen next week on August 27th, Tuesday 19:15 at Salon 10 (10 Arbuthnot Road, Central).

Civic engagement is a cornerstone for an inclusive society and flattening the power imbalance. However, how to make it work?

In 2014, Hong Kong’s central business district was “occupied” by activists fighting for universal suffrage and more autonomy. Their tents and barricades have been justified by sympathizers under the principle of civil disobedience. Now, five years later Hong Kong experiences another wave of high civic engagement, with the “extradition bill” being the catalyst. Although the bill has been “shelved”, protests and standoffs with law enforcement continue; so does local and international coverage in the media. The ongoing demonstrations and violent clashes with police and recently thugs illustrate the deep mistrust and divide in society. Civic engagement is a cornerstone for an inclusive society and flattening the power imbalance between haves and have nots. However, how to make it work, without the risk of more fallout and anarchy in the special context of Hong Kong and the “one country two systems regime”?

Join the upcoming event by The Economic Club of Hong Kong themed “Civic Engagement in Hong Kong: From Yellow Umbrellas to Hardhats”, which will be held on Aug 27th , Tue from 19:15 to 21:00 at Salon 10 (10 Arbuthnot Road, Central).


This is a non-speaker event. To support our mission of learning from and with each other, please read/watch the following articles/videos before attending the meeting:
1. Law Now: Civil Disobedience, Environmental Protest and the Rule of Law https://www.lawnow.org/civil-disobedience-rule-of-law/ (REQUIRED FOR ALL ATTENDEES)

Please read at least one of the following articles prior joining the event:
Suggested additional material:
2. With jailing of Joshua Wong and fellow activists, civil disobedience loses its allure in Hong Kong as rational thought returns (South China Morning Post) https://www.scmp.com/comment/insight-opinion/article/2109004/jailing-joshua-wong-and-fellow-activists-civil-disobedience
3. How to turn protest into powerful change? (TED Ed) https://ed.ted.com/lessons/how-to-turn-protest-into-powerful-change-eric-liu
4. How to understand power? (TED Ed) https://www.ted.com/talks/eric_liu_how_to_understand_power
5. Citizen Power Makes Democracy Work https://www.facinghistory.org/resource-library/citizen-power-makes-democracy-work

Fee: It’s free to attend, but we would buy a drink as a courtesy to the venue.

RSVP for joining the event on Facebook: https://www.facebook.com/events/1812683668877848/

Meeting Format:
The host will welcome you at the venue and start with introduction about the community and the topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within subgroup we will introduce ourselves (name, profession, hobby and fun fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read suggested materials prior the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

The Economic Club of Hong Kong is a community of intellectually curious people. Events are organized by a group of passionate volunteers.

Register via Facebook or Eventbrite | August 27th, Tue 19:15 | Salon No. 10, Central

—

Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

Here is a kind reminder on the upcoming meeting of The Economic Club of Hong Kong “Innovation & Hong Kong: Match Made in Heaven?”, which will happen this Saturday, July 20th, Sat 16:00 at The Globe (45-53 Graham Street, Central).

According to census data HK companies don’t see the market or business need to innovate. But is this the case?

The Hong Kong government wants to increase economic opportunities for its citizens and GDP growth. One area where HK has to improve to support the government agenda is innovativeness, which is about 1/10 of Australia or Germany and 1/5 of Japan. According to census data HK companies don’t see the market or business need to innovate. Policy options to facilitate innovation are (for example) funding of future industries like AI, biotech and robotics, or providing financial incentives to companies investing in innovation, like R&D tax credits.

What works best for HK, considering that 80% of HK’s GDP is from service industries like banking & finance, professional services, retail and logistics?

For this event we invited a speaker, Mr. George Cautherley. George was born in Hong Kong during the Japanese Occupation, the sixth generation of his family to have lived and worked in China. After education in the UK, George returned to Hong Kong in 1964 to pursue a career which involved marketing and distributing medical devices and pharmaceuticals to healthcare professionals. In the late 1970s he established his own enterprise marketing and distributing medical devices and pharmaceuticals, initially in Hong Kong and subsequently with expansion into the China market. In the early 2000s there was further development of the business into manufacturing in China of pharmaceuticals and medical devices for both local and international markets. More recently, George has invested in a number of early stage biotech companies. He was awarded an Honorary Doctorate of Business Administration by Napier University, Edinburgh in 2006 and in the Queen’s 2008 Birthday Honours George was awarded an OBE for services to public policy development in Hong Kong.

Please read at least one of the following articles prior joining the event:

• Is R&D the magic solution for Hong Kong (EJ Insight article, link)
• Building a more innovative economy in Hong Kong (EJ Insight article, link)
• R&D tax incentives – why they may not make sense (EJ Insight article, link)

RSVP for joining the event on Facebook (seats are limited) – https://www.facebook.com/events/2753154361421935/

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Brexit: Lessons for Asia

July 23rd, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

The British referendum on membership in the European Union was a teachable moment for anyone interested in democratic politics. Over the course of the past three years, the British have revealed the limitations of direct democracy, the importance of political rhetoric, the difference between integration and disintegration, and the meaning of ‘relationship’ in the concept of international relations. But what does this mean in an Asian context? Are there any lessons to be learned?
Please join us to discuss these and other related questions.

Materials to read prior the meeting:

• Norwegian lessons for Brexit Britain (The Economist article, link)
• What Asia can learn from Brexit (Nikkei Asian Review, link)
• Four things we should learn from Brexit (International Institute for Strategic Studies, link)
• Trump and Brexit – Some lessons for South East Asia (ISEAS – Yusof Ishak Institute, link)

Register via Facebook or Eventbrite | July 23rd, Tue 19:15 | Salon No. 10, Central

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Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

After more than a year of rumours and speculation, Facebook has published the white paper for its cryptocurrency Libra. However, days after Facebook announced Libra, federal lawmakers issued stark warnings to the social media platform, and have now requested that development for the project to be put on ice.

We wish to hear your thoughts! Join us for the upcoming meetings of The Economic Club of Hong Kong.

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Libra Coin: Financial Inclusion or Threat to Stability?

July 9th, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

Has the day finally arrived in which fintech is substantially shaking up the banking industry? Facebook’s mission with its Libra project is to enable a simple global currency and financial infrastructure that empowers billions of people. The new digital currency will be built on the Libra Blockchain and fully backed by the Libra reserve, a basket of fiat currencies and ‘other assets’. Is this the opportunity that many advocates for financial inclusion and democratization of finance have been waiting for? Or would Libra by its sheer scale endanger financial markets and the monetary sovereignty of government?

Materials to read prior the meeting:

• Facebook wants to create a global currency & what Facebook’s new currency means for the banking system (The Economist article, link)
• Facebook’s Libra white paper is now live (Forbes article, link)

Register via Facebook or Eventbrite | July 9th, Tue 19:15 | Salon No. 10, Central

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Innovation & Hong Kong: Match Made in Heaven?

July 20th, Sat 16:00 | The Globe, Central (map) | Sign up on Facebook or Eventbrite

According to census data HK companies don’t see the market or business need to innovate. But is this the case?

The Hong Kong government wants to increase economic opportunities for its citizens and GDP growth. One area where HK has to improve to support the government agenda is innovativeness, which is about 1/10 of Australia or Germany and 1/5 of Japan. According to census data HK companies don’t see the market or business need to innovate. Policy options to facilitate innovation are (for example) funding of future industries like AI, biotech and robotics, or providing financial incentives to companies investing in innovation, like R&D tax credits. What works best for HK, considering that 80% of HK’s GDP is from service industries like banking & finance, professional services, retail and logistics?

Our distinguished guest speaker Mr. George Cautherley will share his insights and his point of view.

Come and join us to discuss HK’s innovativeness with him and other intellectually curious people.

Suggested reading:

• Is R&D the magic solution for Hong Kong (EJ Insight article, link)
• Building a more innovative economy in Hong Kong (EJ Insight article, link)
• R&D tax incentives – why they may not make sense (EJ Insight article, link)

Register via Facebook or Eventbrite | July 20th, Sat 16:00 | The Globe, Central

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Brexit: Lessons for Asia

July 23rd, Tue 19:15 | Salon No. 10, Arbuthnot Road, Central (map) | Sign up on Facebook or Eventbrite

The British referendum on membership in the European Union was a teachable moment for anyone interested in democratic politics. Over the course of the past three years, the British have revealed the limitations of direct democracy, the importance of political rhetoric, the difference between integration and disintegration, and the meaning of ‘relationship’ in the concept of international relations. But what does this mean in an Asian context? Are there any lessons to be learned?
Please join us to discuss these and other related questions.

Materials to read prior the meeting:

• Norwegian lessons for Brexit Britain (The Economist article, link)
• What Asia can learn from Brexit (Nikkei Asian Review, link)
• Four things we should learn from Brexit (International Institute for Strategic Studies, link)
• Trump and Brexit – Some lessons for South East Asia (ISEAS – Yusof Ishak Institute, link)

Register via Facebook or Eventbrite | July 23rd, Tue 19:15 | Salon No. 10, Central

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The Economic Club of Hong Kong is a community of lifelong learners and intellectually curious people. Events are organised by a group of passionate volunteers.

Meeting Format:
The host will welcome you at the venue and start with introduction about the community and topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within subgroup we will introduce ourselves (name, profession, hobby and fun fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read suggested materials prior the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

It’s free to attend our events, yet we would buy a drink as a courtesy to the venue. If you would like to host an event on the topic of your choice or join the team, please email to us or speak to one of the committee members.

Disclaimer:
The views and opinions expressed by the speaker do not necessarily reflect the position of the club.

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

Photo: Getty

Here is a kind reminder on the upcoming meeting of The Economic Club of Hong Kong “Extradition Bill: Massacre of Freedom or Nothing to Fear?”, which will happen this Tue, June 18th from 7 pm to 9 pm at The Hive Kennedy Town (6/F, Cheung Hing Industrial Building). The event will be hosted by Regan.

For this event we invited a speaker, Edward Chin Chi-kin (錢志健), a hedge fund manager, will share his view on the extradition bill and its implications. Ed Chin is also a core member of Occupy Central Movement and Convenor of 2047 HK Monitor, a political activist group. In 2017, he ran for the by-election of the Peak constituency of the Central and Western District Council. He has also been a columnist of multiple local publications, including Apple Daily, Next Magazine and Hong Kong Economic Journal as well as a host of D100 Radio.

Please read at least one of the following articles prior joining the event:

• Media round-up: How local newspapers covered Hong Kong’s largest-ever protest https://www.hongkongfp.com/2019/06/17/media-round-local-newspapers-covered-hong-kongs-largest-ever-protest/
• Hong Kong’s leader backs down over controversial extradition bill https://www.economist.com/china/2019/06/15/hong-kongs-leader-backs-down-over-controversial-extradition-bill
• A proposed extradition law triggers unrest in Hong Kong https://www.economist.com/briefing/2019/06/13/a-proposed-extradition-law-triggers-unrest-in-hong-kong

RSVP for joining the event on Facebook (seats are limited) – https://www.facebook.com/events/400039710582327/

— 

Best Regards,

The Economic Club of Hong Kong Team

www.econclubhk.org

Follow us on facebook.com/econclubhk and instagram.com/econclubhk

Membership application form | Join our Whatsapp group via link

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

According to Civil Human Rights Front, organiser of the anti-extradition protest, 1.03 million (1,030,000) people marched on the streets of Hong Kong yesterday. Meanwhile, the Hong Kong Police Force estimated that 240,000 were on the march “at its peak”.

At a press conference this morning, Chief Executive Carrie Lam made it clear that the Second Reading debate on the bill scheduled for Wednesday at LegCo would not be postponed.

We wish to hear your thoughts! Join us for the upcoming meetings of The Economic Club of Hong Kong.

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Extradition Bill: Massacre of Freedom or Nothing to Fear?

June 18th, Tue 19:15 | The Hive, Kennedy Town (map) | Sign up on Facebook or Eventbrite

A proposed extradition law in Hong Kong has set off alarm bells not only within the former British colony, with the Legislative Council witnessing violent clashes between pro-government and pro-democracy lawmakers opposed to the bill, but also from the international community. Why? Critics fear the law would allow Beijing to nab anyone it likes who sets foot in the territory — from a normal resident to the chief executive of a multinational in transit — and whisk them off to mainland China on trumped up charges.

In this meeting, Edward Chin Chi-kin (錢志健), Convenor of 2047 HK Monitor (a political advocacy group) and a hedge fund manager, will share his view on the extradition bill and its implications. For sure it is relevant not only to locals but to everyone who has business interests in the city. Come and join our discussion!

Speaker’s profile:
Edward Chin Chi-kin (錢志健) [LinkedIn]

Professionally, Ed Chin has over 20 years of experience in hedge funds, securities trading, and business valuation. He previously held the position of Country Head at Man Investments, the largest global hedge fund manager measured by asset under management and part of the FTSE 100. He is currently a board member of a family office, with portfolios in real estate and other “liquid alpha” strategies.

Politically, Ed Chin is a core member of Occupy Central Movement and Convenor of 2047 HK Monitor, a political activist group. In 2017, he ran for the by-election of the Peak constituency of the Central and Western District Council. He has also been a columnist of multiple local publications, including Apple Daily, Next Magazine and Hong Kong Economic Journal as well as a host of D100 Radio.

Materials to read prior the meeting:

• A draft bill would allow Hong Kong to hand suspects to China’s police (The Economist article, link)
• Comparing Hong Kong’s extradition bill with other international, law-abiding agreements is misleading (Hong Kong Free Press Article, link)
• Hong Kong’s embattled leader Carrie Lam says it is ‘almost impossible’ to drop controversial extradition bill (SCMP Article, link)

Register via Facebook or Eventbrite | June 18th, Tue 19:15 | The Hive, Kennedy Town

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US vs. China – Trade War or Cold War

June 25th, Tue 19:15 | The Hive, Kennedy Town (map) | Sign up on Facebook or Eventbrite

Since the initial opening-up of China in the 1980s, the profit motive had become a pillar of stability in its relations with the US. However, in recent weeks narratives have changed to strategic competition, containment and the “Thucydides trap”. Are we at the brink of a new cold war and an “economic iron curtain” coming down between China and the West? How will both sides manage the technological, military, economic and political aspects of this great-power contest?

Welcome to join us to discuss these and other related questions.

Suggested reading:

• A New Kind Of Cold War (The Economist Special Report, link)
• A New Cold War Has Begun (Foreign Policy, link)
• Crackdown on Huawai is escalating trade war (Vox Article, link)

Register via Facebook or Eventbrite | June 25th, Tue 19:15 | The Hive, Kennedy Town

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The Economic Club of Hong Kong is a community of lifelong learners and intellectually curious people. Events are organised by a group of passionate volunteers.

Meeting Format:
The host will welcome you at the venue and start with introduction about the community and topic of choice. Depending on how many people will attend, we split into sub-groups of 4-5 people for more detailed discussions. Within subgroup we will introduce ourselves (name, profession, hobby and fun fact) and begin a free-flowing discussion on the theme. That’s why it is important to prepare and read suggested materials prior the meeting. Questions, new paths for discussion, personal experience, and opinions are highly encouraged. We conclude the event with everyone sharing their takeaways on the subject.

It’s free to attend our events, yet we would buy a drink as a courtesy to the venue. If you would like to host an event on the topic of your choice or join the team, please email to us or speak to one of the committee members.

Disclaimer:
The views and opinions expressed by the speaker do not necessarily reflect the position of the club.

(Newsletter: Geoffrey Cheng / The Economic Club of Hong Kong.)

Thousands hold a candlelit vigil in the streets of Hong Kong on July 15, 2017, as they mourn the recent death of Nobel Laureate Liu Xiaobo. Xiaobo was a pro-democracy leader and was… (Stock Photo – Hong Kong: Alamy News / Corbis Images.)

“On International Women’s Day, let us all pledge to do everything we can to overcome entrenched prejudice, support engagement and activism, and promote gender equality and women’s empowerment”, said the Secretary-General of the United Nations, António Guterres.

March 8th is International Women’s Day. On this momentous occasion, Creator and Social Enterprise Research Institute proudly honour the achievements and struggles of those who came before us, and acknowledge everybody who contribute to promoting equality and diversity. In some countries, the day looks remarkably like Valentine’s Day, with women receiving bouquets of flowers from their friends and from their partners. On the other hand, legions of activists hit the streets to demand policy changes and to express societal concerns.

On March 8th 2017, women and like-minded individuals around the world recognised and celebrated International Women’s Day in various ways. In Latin America and in Russia, many men reportedly rushed to gift flowers and plan extravagant arrangements for the women in their lives. Behaviours seemed to switch up United States, where women joined forces in a strike titled as “A Day Without Women”, highlighted the important role that women play in both domestic and global economy, and demanded improved working conditions. In countries where certain protests are banned, women face challenges in the pursuit of gender equity.

In Hong Kong, several workers’ organisations staged a protest in solidarity for International Women’s Day, and raised awareness for men and women who silently suffer in domestic violence.

In addition, the Equal Opportunities Commission and the Gender Research Centre at the Chinese University Hong Kong held a joint press conference and issued a statement calling on the Hong Kong Government to launch public consultations, and introduce legislation against discrimination on the grounds of sexual orientation, gender identity, and intersex status. Supported by wide range of professional sectors in Hong Kong, the statement was supported by 75 other organisations and academics.

On a more encouraging note, while there are generally more girls than boys enrolled in schools in recent years, there remains work to be done in developing countries with regards to limited access to education.

Image sources (used with permission): Eric Thayer, Daniel Garrett, Peter Reading/EOC-HK

(Photo & Article: IWD-CNN / CreatorMag.HK.)

In 2014, along with two other esteemed scientists, Prof. Shuji Nakamura was awarded the Nobel Prize in Physics for his invention of the blue LED light. You, a reader of Creator, may wonder what makes the blue-coloured light source so special and…
(Photo & Article: USPTO / CreatorMag.HK.)

When employers navigate the hiring process, there exists a common dilemma between three crucial elements – maximising the profitability of businesses, finding suitable employees, and keeping the loyalty of said employees. When organisations hire on a limited budget, employees are sometimes persuaded to accept low pay or salary cuts due to financial realities. Are there ways to ensure staff retention without blowing the financial budget?

If there is one trait that all successful business owners and employees have, it is strong personal motivation. Besides monetary remuneration, personal motivation often proves to be an important element when individuals consistently invest time and effort into achieving various goals. In certain scenarios, employees are even willing to consider a salary sacrifice for an admirable cause.

In the National Basketball Association, it is known that professional athletes often voluntarily accept a pay cut from a winning team in pursuit of the coveted league championship. The San Antonio Spurs, a small-market NBA team, is admired by athletes around the league for keeping loyal teammates despite paying relatively low salaries, and for succeeding in winning five championships over two decades. Tim Duncan, a legendary retired player who stayed with the Spurs organisation for 19 years, shows through his dedication that sacrificing for the betterment of the team can also bring oneself personal accolades.

Considering that professional athletes earn millions of dollars over the course of their careers, perhaps a local teacher is more relatable to readers of Creator.

The film “Little Big Master” is based on a true story where Lilian Lui Lai-hung sacrificed her own retirement plans for five schoolchildren. She accepts the job of headmistress for a monthly salary of HKD4500, and continues to manage a kindergarten that was once on the verge of closure.

If the story of the headmistress sounds too extreme, there is one more reason to accept a lower pay. Considering that taxpayers must pay high rate of taxes for receiving higher level salaries, perhaps paying less tax can be a reason to be considered for accepting a pay cut.

(Photo & Article: MySanAntonio / CreatorMag.HK.)