to ensure that anyone seen as disloyal to beijing is barred from elected office chief executive carrie lam has given her support to the reform which will require local councillors to pledge allegiance to hong kong status as part of china violators will face an election ban mass protests in the introduction of a sweeping national security bill last year opposition forces in hong kong have increasingly been silenced. let's say get you more on these developments correspond she khan is in hong kong for you phoebe of tell us what's behind that new draft bill that the hong kong government has announced. yeah the hong kong government announced a new piece of legislation that what we're quiet all of this council is in hong kong to. off allegiance to to me said his many constitutions which is a basic law so the behaviors that the thought anyone who seemed what the authority call in thin seal loyalty will be unseated and further up and from running for election in the next 5 years so what the authorities are trying to define the behavior deemed as unloyal is that including performing. chanting for s

ensure that any one seen as being disloyal to beijing is barred from elected office chief executive carrie lam has given her support to the reform which will require local councillors to pledge allegiance to hong kong status as part of china violators will face an election battle following mass protests and the introduction of a sweeping national security bill last year opposition forces in hong kong have increasingly been silenced. let's get you more on these developments said you know we use a correspondent phoebe kang is joining us now from the territory phoebe tell us what's behind this new wood draft bill that the hong kong government has announced . the home government has announced a new piece of legislation that will we fly over this to counselors to plaster legions to the cities many constitution so anyone who fails to to express loyalty to the coast duration will be unseated and put up banned from running for elections in 5 years so our behavior is defined 5 as unloyal including endangering national security denying sovereignty of china sovereignty over hong kong including is power a

unauthorized protests 2 years ago when the beijing imposed national security law took effect here carrie lam said it would only affect a small number of people so far it's led to almost $100.00 arrests with half that number now charged human rights groups say that hong kong is heading in a north or a tarion direction with new laws and regulations curbing freedoms once promised by china gradually the voices of dissent are being silenced adrian brown al-jazeera hong kong. les gerry and officials say they are close to rescuing 307 girls kidnapped from a boarding school in northwestern state some 5 it's given their families hope after the shock of the raid in the early hours of friday half witted tourist reports from the school in which hasn't been touched since the attack what's left behind in these rooms indicates the goals left in a hurry and probably in shock the attackers shot through the glass windows to force them out personal effects strewn across the floor they were gone only for a few days but the dry weather casts 3 layers of dust of what was left behind. at the school entrance the lo

carrie lam says the political unrest has forced beijing to ensure it is run by patriots. even more cuts to hong kong's are ready limited democracy. treasury yields -- a blow to some of the markets high flyers. etf drops nearly 6% yesterday. worst performance of the year. tesla plunged a .5%. it was a big winner last year. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. manus. annmarie: coming up on the program, as hsbc earnings beat the fourth quarter, we have an exclusive conversation with the cfo. that is manus and stevenson. this is bloomberg. ♪ manus: it is your daily diet of daybreak: europe. annmarie hordern is in london hq. we have just had an exclusive conversation on hsbc and their earnings that they beat in the fourth quarter. it signaled bigger benefits to drive its pivot towards faster growing asian markets. earlier, we spoke with the hsbc cfo, ewen stevenson. we are having one of those magical moments. one of those magical tv moments where we b

carrie lam says political unrest has forced beijing to ensure the city is governed by patriots. latest sign china is contemplating more curbs to hong kong's limited democracy. global news, 24 hours a day, on air and at bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. anna: thank you very much, laura wright. the gamestop phenomenon squeezed short-sellers and caught the eye of regulators, including the european securities in markets authority. my next guest is worried about the risks retail investors take when participating in social media driven trading as a european parliamentary committee holds a hearing on gamestop and what it means for retail investors on this side of the atlantic. we are joined by steven maijoor, chairman - management board, european securities & markets. what is the big lesson europe needs to learn from the gamestop phenomenon. ? steven: i think you put the situation clearly, it is about a lesson learned for europe. it is mainly a development in the u.s. there has been some impact on indi

down a city that was already reeling from political upheaval, but hong kong's chief executive, carrie lamll finally pick up once virus restrictions are lifted. to discuss how the city's famed sector is faring, we are joined by one of the leading players, a ceo. great to have you with us. are you equally as optimistic as we head into a another chinese new year season where there will be a disruption? last year, it was the protests. this year, the pandemic. do you see a return to the former levels of activity that we saw further the scene in hong kong? >> good morning. it will take us quite a while to get back to the new normal. over the past two months, we have had to adapt and it's not going to be -- month of february. haidi: does not depend on a resumption of international tourism or are you sufficiently encouraged that the domestic consumers are able to do that? you made commitments to open up more restaurants as well in this climate. manuel: that's right. our commitment his with the local trade. we have been mostly focused on what is happening in hong kong and potentially, -- people li

the move comes after hong kong leader carrie lam endorsed the bank's strong presence in hong kong lastdespite criticism for freezing the account of activists and supporting the sweeping security law. china is seen as key to hsbc's turnaround plan and pivot towards asia. china's number two video app is selling heavily in hong kong ahead of its debut on friday. technology shares are set to be changing hands for 250 hong kong dollars, more than double the listing price of 115 dollars and a bigger premium than the 15% before the ipo was scrapped in november. it is backed by tencent and the biggest internet ipo in two years. apple is selling $14 billion of bonds, tapping the market for a third time to return cash to shareholders. the offer is set to come in six parts with the longest portion yielding 95 basis points. apple has been reducing its net cash position, although bloomberg intelligence says it may need to boost returns to more than $100 billion over the next few years. coming up, pacific epoque's joseph berger is our guest. he will look ahead to alibaba's results and the crises fac