exclusive interview angie lau asked him about teacher of the relationship.oreign language] andy: there is a lot of wealth disparity in hong kong and china. how do we resolve this as a society, how do government's resolve this? ka-shing: [speaking foreign language] angie: in hong kong there are a lot of unhappy people. mr. ka-shing: [speaking foreign language] rishaad: li ka-shing sharing his thoughts on the future of hong kong with angie lau. india successfully launching a rocket that carried 20 satellites of india and other countries around the world. the u.s., canada, and germany. they were designed and built a student in india. this -- all the 20 satellites have been successfully placed in their respective orbits. that is good news for everybody. a little bit of fear news on art. 1909 work hass fetched the highest price in london -- london. down to $3.5 it million, that was a little it more than estimated. a depicts his lover as complication of geometric shapes. it was half a million dollars in 1973 and has been in the same place for 14 years. that is it

exclusively to angie lau in his first interview with international media in four years. ns full of optimism. [speaking foreign language] angie: recently, you faced criticism from some publications in mainland china, accusing you of diversifying away from mainland china in a time of slowing growth. is this true? angie: there are a lot of chinese companies who are looking overseas to acquire businesses. but they keep getting shot down by regulators, including yourself. what is the impact for chinese companies in the future? how do they fix this? rishaad: angie got through a lot with li ka-shing, and tomorrow, we will hear his topic -- thoughts on the wealth gap and relations with china. coming up, the visit vote and impact on is really currency. ♪ ♪ referendum on its membership in the european union is affecting markets on a global scale. currencies are being pushed around the world. fears haveexit caused a spike in volatility. elliott gotkine joins me from tel aviv. there are concerns in your part of the world as well. elliott: volatility was rising following data showing

he was speaking exclusively to angie lau. they don't leave.f brexit happens, it will be detrimental to the u.k. and it will have a negative impact on the whole of europe. but, it is not the end of the world either. the corollary is what if they remain? is that an impact? juliette: there has been concern about japanese bond yields. this is from bank of america and merrill lynch research. they say a record surge in foreign ownership could haunt the second-biggest debt market. this chart shows us the yields in japan, germany and the u.k. they get record lows at the chance of britain leaving. that is according to the number crunch at the brexit probability index. it has been rising since mid-june. in tokyo strategist says if britain stays in the eu, we could see spikes in yields trigger some selling pressure. if we have a look at the impact of the yen, we know there has been funding cuts in japan that says any policy shifts of swapping dollars into yen to fund managers could trigger some affects to the markets. there are some hope that they will s

i am angie lau in hong kong, stringing on

." ♪ hello, i am angie lau. china makes up for its latest trade data.due and hour ago. then again strengthens -- the yen strengthens as numbers show japan's economy grew more than previously thought in the third quarter. -- in the first quarter. hillary clinton will be the first woman to lead a major presidential bid. also coming up this hour, hong kong has plenty of billionaires, but no billion dollars startups. we will ask why the city is gaining a reputation of risk-averse. keeping an eye on these markets. a fairly unconvincing day. we have been waiting for the chinese trade data, really dominating sentiment in the morning session. down .8 of 1%. japanese equities went on a lunch break down one third of 1%, really hurt by the stronger yen. energy stocks -- crude holding

she will be joined by angie lau.atch on bloomberg wherever you are, mid net in london, 7:00 p.m. in new york. she is everywhere you want to be. scarlet: are market roundup is next. you have got the dow and the s&p lower. trading in a pretty narrow range. this is "bloomberg markets." ♪ ♪ alix: this is "bloomberg markets." i am alix steel. scarlet: and i'm scarlet fu. joining us is joe weisenthal. alix: there is the pound and the s&p mini futures. thisa look at this, and kind of describes what happens today. around 11:30, we got a new poll was shows that one camp getting a little bit of steam, and you saw the pound index fall. that is that white line, and s is the s&p mini other, and then they moved in tandem at the close, and now you are cbs and p --you are seeing the s&p minis. you should not have risk assets move with the pound. t: what we see being picked up, and it is fairly low volume. here is another way of looking at it or the lack of volume. you can really see that across the s&p 10 sectors, with the volume in

>> [speaking chinese] manus: that was li ka-shing speaking exclusively to bloomberg's angie lau.ying with asia, japan's prime finance ministers said they would not intervene. the yen weekend today for the first time in eight days. let's bring bob parker back into the conversation. when you look at the big issues, i want to focus on the chinese market first. the irony that is -- this is the chinese dax. it is one of the major bond markets, 10 major bond markets that has seen yields rise by 13 basis points. the market, in terms of the bonds and the world, is viewing china through a different prism, isn't it? bob: i think the answer is yes, but the point i want to emphasize is the big structural change we are going through in the chinese economy. i would argue very strongly that we have this long-term slowdown in china. growth in the second half of the year will be close to 6.5%. the probability of us going back to 7% is very low indeed. when i talk about structural change in the chinese economy, if we look at the service sector, investment in infrastructure, the consumer sector, we

. ♪ >> i am angie lau. it's all about currencies. facing a tough day.s. rising with polls suggesting the u.k. will stay in the european union. a 30% chance now of so-called brexit. china and india it may take a stake in russian to plug ant rosneft budget black hole ahead of the election. >> i'm watching the markets today. risk? what risk? in thel about the rally pound today at the core of these gains we are seeing in the asia-pacific. abovechange rate just 106. as you can see at the bottom of your screen, it has been pushing top endthe high end or of that range. i will f

francine: our angie lau therefore an important interview.e have not spoken to liege -- li ka-shing and four years. and the current is live. there are some things going on with the boc. when li ka-shing looks you in the eye and says we are going to do better than expected, do you believe him? he certainly is sending a firm message on china. some of the bigger tycoons are nothe world actively trading and investing in china. he says to look at the longer-term horizon and the economy can pull off what they are trying to do. you hear his warning on brexit and it goes to show you that notwithstanding he has a big investment in the u.k., but it shows you the ripple effect if the u.k. votes to leave the european union. when you hear a big tycoon like li ka-shing may, like that, it is worth listening to. tom: i saw a rate chart of chinese debt yesterday for the day before. the movement and growth of chinese debt is remarkable. how does that work through the chinese system as compared to working through the american system or the german system? it is

i am angie lau and hong kong, streaming on mobile and bloomberg.com.et's check markets in asia pacific. in new zealand, down a quarter of a percent, the new zealand .ollar at $.70 the strength of the kiwi weighing on equities and exports. over to japan, futures trading in chicago, and it is pointing to a much lower open from friday's close, the japanese yen continuing to rise. no trading inket, australia, a public holiday for the queen's birthday. morning,tory this president obama says a massacre at a gay nightclub in florida is an attack on all americans. it is being investigated as an act of terrorism. by a lone 53 wounded gunman in the worst mass shooting in u.s. history. we have yvonne man with the latest on this. asnne: the attack happened 300 people were dancing and drinking. people described chaos and horror with dozens dead and injured as survivors rush to escape. ae assault was followed by three-hour standoff with people trapped inside becoming hostages. teams form thelt ves tosetting off explosio distract the gun man. >> we are dealing with s

i am angie lau.nth even have -- even as investments suggest the rebalancing is working. the group is facing a widening investigation into slush funds and investment. pitching a ride, another big factor. terror and hatred, more details emerge about the gunmen who killed 50 people in america's worst ever mass shooting. juliette: keeping an eye on the markets, hong kong and tokyo dragging the region lower on what has been a dreary start to the trading week. investors playing a little bit of game of waiting. there is also the bank of england and brexit concerns. the hang seng down, the most it has fallen in four months. a stronger yen

i am angie lau in hong kong, stringing on mobile and bloomberg.com.etreated on friday from the seven-month high after data showed that u.s. hiring fell to the lowest in him a six years in may. the dow jones industrial and nasdaq also fell. we are counting down to the open in australia and japan. futures in australia looking like this, a slightly higher open. economists are expecting the rba to keep interest rates at 1.75%. , whereet over to japan the latest gdp numbers come out on wednesday. futures trading in chicago pointing to a lower open. 6.72, it is pretty strong against the u.s. dollar ahead of brexit. .wo markets to tell you about u.s. treasury secretary jack lew says china is moving in the right direction on the yuan, but needs to improve its monetary policy communication. he spoke to bloomberg in beijing where talks are due to start later today. tom mackenzie is there for us. what exactly did jack lew say? good morning. the u.s. and chinese side will be meeting in a few hours on the outskirts of beijing. it was a wide ranging interview with

hong kong's richest man, chairman and founder spoke to angie lau in his first interview in four yearso say. i have a lot of experience when i comes to manufacturing. the fact is, china exports more than it imports. the site for manufacturing, there is also the service industry. as well as many other channels of income. people can only see the debt in the enterprises. when they need to recognize that china is a big exporter and the inflow from foreign exchanges also is positive for china. exports exceed imports. that is a fact. a lot of income is also generated in the service industry, so in the long run, china's economy looks good. angie: recently, you've faced criticism from some publications in mainland china accusing you of diversifying away from china at a time of slowing growth. is this true? 1977-1978, when the dangle for lost power, it was then that i visited mainland china. there was an opportunity and they invited me to visit. nothing had been announced that he would be the leader. from the knew that initial speech and their inclination. them.with at the time, china gave me a