Lai See

'Closed to media' event at Foreign Correspondents' Club

PUBLISHED : Wednesday, 13 August, 2014, 1:02am
UPDATED : Wednesday, 13 August, 2014, 1:02am

We see the Foreign Correspondents' Club has succumbed to the indignity of allowing its premises to be used for an event which is "closed to media". The event in question is a Hong Kong General Chamber of Commerce lunch at which British Virgin Islands Premier Orlando Smith will entertain non-media guests with a talk, entitled, Riding the Perfect Storm: Will Offshore and Midshore Jurisdictions Remain Viable?

In the blurb accompanying the invitation: "Offshore and midshore financial services are essential catalysts in the global financial system. The British Virgin Islands and Hong Kong are at the forefront of foreign direct investment into and out of China. Offshore structures have helped Chinese enterprises access foreign finance, thereby mitigating problems encountered in the under-developed domestic financial markets."

It goes on to say that offshore centres are now being "challenged" by global regulatory measures, such as the implementation of the Foreign Account Tax Compliance Act, and European Union and OECD initiatives. So much so that, "some predict that their demise is now eminent (sic)". We can see why the chamber might prefer not to have the press in on this.


Silly surveys

Another attention-seeking survey has landed on our desk. You know - one of those designed to draw attention to the organisation that commissioned the survey rather than advancing the frontiers of knowledge.

Lai See is tempted to run a competition for the silliest survey. This one by called Global Disconnect Survey would be a top contender in that it concludes that Thais are the least prepared to give up their mobile devices when going on holiday. Apparently 85 per cent of Thais would be reluctant to leave their mobile behind when going on holiday followed by South Korea, Japan, and China.

Hong Kong was ranked 11th out of the 28 regions surveyed, while India was ranked 28th, with only 20 per cent concerned about leaving their devices behind. Other key findings show that one in three Hongkongers regrets the amount of time they spend on their phone when they return from holiday, while having access to social media wherever they go is important to 1 in 12.


Internal advice

Thousands of students spend the summer as interns with a bank in the hope that it will extend into something more long term. Indeed, as the website (HTC) points out, it can often be the smallest details that make or break their future in the industry.

"Say something inappropriate in front of a client, leave the office earlier than your MD, or screw up the coffee for the entire trading floor, and it could be curtains."

HTC has provided a list of mistakes that drive bankers crazy. Learn how to transfer phone calls. Learn that "now" means now and not two minutes from now. Don't brag about your degree. "While you're babbling about your achievements in school, we're just rolling our eyes and wondering what the next round of bonuses is going to be like." Also, don't mess up Outlook Calendar invites, it drives people crazy to get multiple invites to the same event. Good luck.


Googled what?

From the headhunters Hays we learn that 48 per cent of Hongkongers update their CVs frequently but only 25 per cent also update their professional social media profiles. Hays urges us to read its latest press release: "Have you googled yourself recently?" Maybe we're old fashioned but it sounds like something best done in private.


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