in asian banks.nd i think this is chapter 11 in the book, and we actually saw minuscule effects, maybe 10 to 25 basis points but it wasn't something to write home about. so we think, as the imf, that the global reform agenda has made the global financial system safer and stronger. >> very good. good to hear. >> well, i used to work for the japanese fsa and i have my own personal opinions about ifsb but i refrain from it. talking about the aiib, to answer your question, as we have explained that structure investment need is huge. simply huge and then infrastructure investment is a very productive investment and then it has the potential of crowding in private sector investment for -- so developing countries usually lacks that funding mechanism for that needed infrastructure investment. so in that sense, any help to increase that infrastructure financing would be a nice thing. except that if you -- if one borrower -- i mean one lender lends to the existing borrower, in a way that sort of not commensura

. >> now, a discussion about the challenges facing asian economies, including asian populations, infrastructure needs and lack of diversification in the financial sector. from the brookings institute, this is an hour and a half. >> good afternoon, everybody. at the occasion of presenting a very, very interesting look on the asian financial system. >> i think it's the ability to have a solid financial system is a necessary condition. though it may not be su efficient. previous advisor to the managing director and he was the deputy of the bank of china. so there's few, i think, in the world who knows more, certainly, about the chinese financial district and now about the whole world financial system than our friend who makes us an honor to come to brookings for this event. i will seat the floor to him. after his remarks, i will introduce the panel and we will have some further remarks from our own and i will then launch discussion where we will go from a panel discussion first to then having some questions from the floor. please and thank you again. again. [ applause ] >> thank you for your kind

we had the asian crisis in 1997, 1998, and imf, you know, mishandled the asian crisis. and more or less deepened the crisis, rather than saving asian countries from the crisis. >> reporter: in the end, japan's initiative failed due to opposition from the united states. he says leaders in tokyo weren't willing to risk a diplomatic crisis with their closest ally, but in china's case, washington's absence from the aiib wasn't enough to derail the project. >> china is somewhat different. it has a different political regime, and its presence in the world economy is really big at this moment. they have the number two gdp, which is more than double that of japan at this moment. another thing about aiib is 57 countries have participated in it, including major european countries. and among the major countries, it's only japan and the united states which has not participated in aiib. so that, you know, i think u.s. thinking is that even if they oppose they cannot really let that disappear. >> what do you think is the significance of aiib in the context of the international financ

than 1% of the vote. >> republicans used to enjoy the majority of asian-american support back in the 1990s. >> reporter: university of california professor kartha runs the nonpartisan asian-american survey which shows a political shift after the 1992 election when 31% of asian-americans voted for democrat bill clinton. by 2012, 73% voted for brady barack obama. >> what changed? >> one is the clintons. this is where hillary clinton can draw on a lot of support from what she and her husband did in the 1990s in terms of doing outreach to these populations. another part that's changed is the republican party's rhetoric on immigration has turned off a lot of voters. >> we are a country built by the hard work of generations of immigrants. and we are stronger because of our diversity and our openness. >> reporter: something asian-americans like to hear, because nearly two-thirds of their population was born outside the u.s. carter evans, cbs news, san gabriel, california. >>> still ahead, every presidential race should be as fun as this. >>> david bowie's last album is now his first number

and we are stronger because of our diversity and our openness. >> reporter: something asian americans like to hear because nearly two thirds of their population was born outside the u.s carter evans, cbs news, san gabriel, california. >> glor: still ahead here, every presidential race should be as fun as that >> glor: david bowie's last album is now his first number one album in the u.s one week after bow c.e.o.'s death "blackstar" debuted on top of billboard 200 today. the album was released two days before bowie died. >> space-x launched a new satellite into space off california today. the jason 3, a weather satellite monitoring el nino conditions was lifted into the strats fear using the company's falcon 9 rocket. the hope was to land the falcon 9 on a barge in the pacific. that did not work. the landing was too hard. >> a beautiful breakthrough on the international space station. the first flower ever grown in space. it san orange zinnia. chosen because it's not only pretty but also edible. astronauts taste tested lettuce grown on the space station last year and they say it was pr

the president of the asian development bank. sir, thank you very much for joining us. i just heard from your rival the aiib. and he was saying look the real economy in china is very different from what is being mirrored by the stock markets? >> i think they are at this moment and they have been slowed down for reasons adjustment from high year growth even after financial crisis and it's based on more consumption and based on more service invest of investment and they can manage to do it and loco comments, physical reforms, labor market reform and so on. i still believe that they can manage to do this. they never got market. >> what you're asking the chinese to do is you're asking him to become a nation of spenders or consumption rather than a nation that saves 25 or 30% of their income. they don't have the same social safety nets that the west has for instance but how are they expected to change that mind set as well? it's all very well giving them the tours but to change that mind set, that's a very difficult thing to do, isn't

all this up next on asian focus good morning, and welcome to asian focus. for more than four decades the boston chinatown neighborhood center has been supporting children, youth and families of the asian community of greater boston, in fact the region's biggest social service organization for asian communities. here to tell us exactly how this neighborhood center turns lee, a nationally recognized performance poet and community educator, holds master's degree in public affairs and an alumnists for the institute of non-profit management and leadership at boston university school of management. that knows for being with us. as executive director of the grand-daddy of all social organizations how do you try to put your personal stamp on it. >> that's a good question. it has more of a reputation than i do, around for 46 years, serving generations of people. same time. parents and children, may be grandparents all at once and so i'm not really here to put my stamp on it, here to make sure we stay healthquy stay response to the needs of the community that we serv

>>> hello and welcome to "asian pacific america." i'm robert handa, your host for our show here on nbc bay area and cozi tv. thank you for joining us on our first new show of 2016. we leap into our new year with an important issue for the asian-american and pacific island communities, the underreporting of child abduction in those communities. the santa clara county district attorney's office will join us. >>> then we have a follow-up to one of our favorite past segments. today we catch up with oakland digital and how their social marketing programs help inspire young people as well as benefit the overall community. >>> and after we tell you about some big upcoming community events, we top off our show with sciencepallozza. and some of the projects you'll see will really get your blood pumping, i promise. >>> the underreporting of child abduction is a problem that is serious and hard to figure out. joining us to help figure out why and what can be done is deputy district attorney and a member of the child abduction unit of the santa

so, then, that resulted in relative resilience of the asian region in general. but then during the years that pursued in a very, very easy monetary conditions and very -- historically low interest rates, asia's corporate sector has accumulated quite a lot of debt and increasing leverage along the way. now, last december, that very easy money was reversed in one of the major in the largest economies. and then what happens from here. so, that's kind of thing we will be looking at in greater earnest. the tricky thing is the corporate leverage or the corporate liability doesn't say much. if country "a" is suffering or struggling, country "b" has, you know, large cash buffers, i mean, it doesn't -- on average this should be okay, right? not really. even if on average the bank corporate sector is okay with repaying the debt. but it's not average, it's individual country that has to meet financial obligations, so we're trying to get how much of the percentage of the corporate sector is vulnerable. so, this kind of thing we are employing and we are trying to specificall

, the asian financial system. i won't say too much, but it is one of the hottest topics around, and most important topics around. it, of course, there's china, but there's the whole of asia, and i think the financial system as we all learned is one of the absolute requirements for stability and growth, to have a solid financial system. it is a necessary condition, though it may not be sufficient. deputy managing director min zhu prevently advisor to the managing director, senior advisor and deputy governor of the bank of china, and before that, chairing a working group on financial issues. so there's few in the world, if any, who knows more about, certainly about the chinese finances but now about the whole world financial system than min zhu, our friend min zhu and he makes us an honor to come to brookings for this event. so thank you very much. i will change the floor to him and afterwards introduce the panel and further remarks from two colleagues from the fund from our own eswar prasad and then have the panel

professor basso: what is your sense of how the story has played out in asian-american history? >> it is a little bit different. in thinking about asian-american history, it seems on one hand, we know that the history of the land of the west has filled with examples of asian american labor in the construction of gold mines,oads, -- gold railroads, agriculture and so forth but on the other hand , there is a lack of dedicated history of head asian-american history and it is ironic given the origins of the field and how it emerged in the late 1960's, the influence of the new social history and the emphasis on the working-class status of asian immigrants. that also serve to the goal of activists who are trying to counter this model minority stereotype that asians were well-to-do middle-class professionals. in graduate school what struck , me about this if there was -- is there was surprisingly little empirical study beyond these early studies from the 1970's, 1980's. it is as if the scholars assume that that history has been done. and we knew enough about workers. and they moved on

people and asian population as well. this is a profound force that will shape the asian financial market and structure in the future. the steep of the curve is so big and it's really moving china fast. it's a huge financing cap in asia. this is calculated to meet sdg requirements of how much money asia means. last year is the year of development, because we had the year of sdg replace ndgs, we have climate change, we have finance for developments in ids. back to the region, we realize, in the next ten years, every year asia need $96 billion to fill the remaining cable for ndg, education, healthcare, and another few things. you need another $323 billion to fuel the capital income for the people under $2 per day and $1780 billion per year for infrastructure investments. the whole financial sector can help to mobile the resource from public, to private, to media is the $1 trillion challenger for one year in asia. to me the sdg target. that's a big challenge for asia financial sectors. and meanwhile, if we're looking further

i don't think there is an asian crisis, absolutely not.k it is of failing to live up to potential? i don't think anyone would have projected that indonesia would miss gdp forecasts. mark: all over the world, i think one of the great disappointments was emerging markets. they had it much worse in places like brazil, argentina last year. i think that by the end of this year, we will look back and be surprised by the opportunities that were presented in emerging markets, in 2016. right now, we are going into the new year thinking, they are terrible. but usually, that is the time we want to buy. haidi: we are starting up a new year, with another pmi from china. what better way? it's the same old story. it is a rebalancing? or a managed slowdown? mark: any economy goes three stage when they move away from stuff toop -- making using it. that is what happened in china. i do think that is a major misunderstanding among several towards china that explain its cheapness. i think a lot of people don't understand that this is a service sector economy p

lee did you commission this did the museum commission the artwork. >> the society of the asian art for it is a gift to the museum 50th anniversary of this year. >> oh, is that right. i didn't see that okay. thank you. >> is that you commissioner pearlman. >> ever hearing i'm someone different. >> commissioner pearlman. >> i wanted to say i was so impressed i was surprised is it came before the commission it is a minor permit to author the design was so indicative and so brilliant to bring many light fixtures i wanted to enlightenment the team it will be a beautiful piece of art so thank you very much. >> do i have commissioner hyland. >> thank you, ms. lee for speaking and giving us context it a worthwhile installation. >> i'll motion with the conditions condition. >> second. >> thank you commissioners on that motion then to approve this matter with conditions commissioner hasz commissioner johnck commissioner johns commissioner matsuda commissioner pearlman and dick davis 1st district and commissioner wolfram. >> so moved, commissioners, that motion passes unanimously 7 to zero and pl

lee did you commission this did the museum commission the artwork. >> the society of the asian art for it is a gift to the museum 50th anniversary of this year. >> oh, is that right. i didn't see that okay. thank you. >> is that you commissioner pearlman. >> ever hearing i'm someone different. >> commissioner pearlman. >> i wanted to say i was so impressed i was surprised is it came before the commission it is a minor permit to author the design was so indicative and so brilliant to bring many light fixtures i wanted to enlightenment the team it will be a beautiful piece of art so thank you very much. >> do i have commissioner hyland. >> thank you, ms. lee for speaking and giving us context it a worthwhile installation. >> i'll motion with the conditions condition. >> second. >> thank you commissioners on that motion then to approve this matter with conditions commissioner hasz commissioner johnck commissioner johns commissioner matsuda commissioner pearlman and dick davis 1st district and commissioner wolfram. >> so moved, commissioners, that motion passes unanimously 7 to zero and pl

-- southeast asian countries. but connecting between south asia and central asia and also in terms of trade, how to connect to the east asia is so important. >> reporter: countries of southern asia could set up a new framework for further growth taking up their model, southeast asia's creation of the asean economic bloc. masahiko sakai, nhk world, davos. >>> in most cities around the world, chances are you're being watched. security cameras are in banks, subway stations, even in people's apartment buildings. people may realize they're being filmed, but do they know who is watching? nhk world's shunsuke ida has more. >> reporter: in tokyo's bustling neighborhood of harajuku, cameras are everywhere. it doesn't seem to bother most people. >> translator: they're useful when an incident happens so they're better to have than not. >> translator: i don't really pay attention. >> reporter: but they may not realize who is watching them. it turns out it's not only the owners of some of the cameras who can view them. it's an

how do you think the asian investment bank will influence the asian economic market environment later. thank you. >> okay. maybe i can add one last thing also that you may want to comment on. one big debate in the financial supervision regulation, financial stability board and all that is the banks are claiming that after the crisis, the regulators kind of have a tendency to over do it in terms of capital cushion, leverage constraints and thing like that, and others claim that quite the contrary, not enough has been done. maybe you could say one or two words in the asian context about this debate as well as anything else. >> to anticipate your question, i think the other questions is for my other panelists. i like to think of it as the story about goldilocks and the three bears, and i would say that the global regulatory reform agenda has got it broadly right, so the porridge is not too hot, it's not too cold, and, you know, we're going to have lobby groups who will say, you know, it's going to increase. the lending -- the borrowing costs of banks, and therefore they will have to pass

. >> what are some of the connections to the asian communities.e were talking about consumption and other factors. >> asian community is getting very, very excited about wine. in a way that we haven't even begun to see. i think going forward it's going to be a large block of fantastic wine drinkers. >> why do you think that's happening? >> a lot is timing. and the asian-american community here there are so many great professionals that are food and wine that are there. but they're under the radar screen. when i speak to my colleagues of all nationalities, it's a strong force. >> who benefits from this? >> the public. this is a way for passion and professionalism to come to the public. >> and students as well. >> of course. >> how do they benefit? >> well, they get the chance to understand more about wine for the people. these are judges that are trained professionally they also like wine. when i judge at the krchronicle i'm with colleagues who are genuinely lovrs of wine. it translates to a public tasting on saturday, february 13th that the public

it depends on how the asian markets open. asian markets for to open. crude oil dropped to $32.10 today. a 12 year low for nymex crude. scarlet: welcome back to a special edition of "bloomberg markets." let's recap what happened today. joe, help me out. the s&p 500 closing out its worst four day start to a year ever. the dow industrials losing almost 400 points. the nasdaq losing three point. -- 3%. joe: these big tech stocks everybody loves last year, all of a sudden, they hate them. the gold miner stocks which people could not dump fast enough people are starting to buy. quite a reversal. scarlet: what has been consistent is china. it was obviously a big factor today. asian markets are opening in just a few hours. here is what some of the biggest names on wall street told us today. china is predicted to be down 5% or 6%. >> tighten the seatbelt because tomorrow is going to be a volatile day in chinese markets as the retail sector tries to exit and government entities try to buy. >> this is going to be everybody on auto dial to sell their stock. that's

the rest of the asian markets didn't like the news either.d down more than 2 and a half percent. japan nikkei down 3% and kospi down 2%. this was not the way investors were hope to go start out the new year. >> nicole: tough start in asia. >> lauren: tough start for global action. a lot of the selling hitting. ftse and cac are down more than 2.2% right now. >> nicole: right now 37.37, tensions in the middle east. >> lauren: all of this is impacting the stock market today. joining us again, good morning, joe. what do you make of this selloff? >> it's a double wammy. everybody is trying to come back from a long break. i think they are taking money off the table pretty quickly after the rally in december. >> nicole: we saw some money going in to the yen and reportedly, right, the u.s. is supposed to be an area of growth for 2016, what do you think? >> yeah, i think people are looking at the u.s. as safe haven. paints a clearer picture of where we are. we will see money inflowing there. a lot of money in the merging markets and u.s. seems to be a

street foods from pepers to satisfying noodles. >> and i understand it's asian tapas things at night market. it's a fine are approach nicer ingredients but down home feel good food you find on the streets in asia. >> reporter: u can find outstanding asian small plates at show jo in chinatown and if you dumpling fan the gourmet dumpling house on beach street for more watch the phantom gourmet saturday and sunday at 10:30 and 11 on my tv38. >> all delicious. after the break the dream of winning power ball. more of a nightmare? wow. the internet is crazy fast here. i know, right? it's so nice to have everyone over. hi hey. mmm. i just laid an egg. does anybody want it? joey, you want some gasoline? yes, please. mom, guess what? i married a clown and we're having tiny little clown babies. mhm. i just bought a hammer. with internet fast enough for everyone, your guests might get a bit carried away. get fios. what would you do with five minutes to kill, and a smart phone? check the scores. probably post a pic. text a friend. how about register to vote? really? you can. five minutes online

led south asian americans leaving together and was legal director at the asian pacific american legal resource center in dc. also taught in a program i direct at the university of maryland. as many of you know been at the forefront of many fights for justice in our community. has never been silenced, helped lift our voices and has done so with love. that is what we see in the book. all under the banner of love [applause] [inaudible conversations] >> so many faces and smiles from a lot of different jobs i have apparently held in washington. it is just great to be here at home with all of you. i have the opportunity that are book launch last week. hopefully climb a lot of mountains. i wanted to thank a few other people. and thank you. i appreciate that you came tonight. and also politics and prose. a model for how we choose to link up community and academia. a lot of maryland folks here. so happy we can integrate art the poem is a love story. attacks and who they are. "my consciousness is a person of color. twenty-eight an attorney. countering violent extremism there is a perception out

asian americans support the affordable care act.hey supported universal health care across the board among as man-american groups, so if someone is going to run on repealing the afordable care -- >> the republican stance is it related to the economy and smaller government which also this group cares about. yet they don't come out to vote, and there's a new fund that came out that's hoping to get them to come out to vote. they hope to invest millions of dollars to try to get this to happen. is it just about money along with these issues? >> it's a combination of is two. they may not be large nationally, but asian-americans make up key states like virginia and california. what i would like to know more if the professor can comment, was there also any studies on the donor habits of asian-americans. it's become clear that asian americans are doing well financially. >> what we have seen from our secure va data, giving rates are the same as they will for nonhispanic whites. but the key is who are they giving their money to. and we're doin

asian stocks hitting a three-year low. manus: the moves in the china stocks, right at one trade day, let's talk about how you actually trade these markets fared there is intervention in the yian. you cannot sell it because you have the pco be against it. the aussie dollar had the were starts in 2009. we saw the reserves in china dropped by $100 billion. this is the most liquid proxy, % chance the aussie dollar will drop. and look at the hong kong dollars on the bottom of your screen. the currency sinking to a 10 month low. speculation that there will be de-peggin. this could be the scene for 2016. they're a bit volatile this morning. s,na: breaking new third-quarter sales ahead of last year -- 1.6 one billion euros. they're saying the outlook is unchanged. watches, you think iwc this is the house of hard luxury. they say that third-quarter sales actually come in at $2.93 euros. this would be a drop, the first drop since 2008. and in terms of the world, the asia-pacific falls by 9%. we will break the numbers later on. anna:

trading here in the asian pacific, you can see the sentiment is back.,000 mark continues to climb. while we had some disappointing export and import data, we did have a wider than expected trade balance surplus. 4/10 of 1% higher. check out australian equities more than 1% higher. my next guest has been underweight in global equity since december. joining me is jason lowe, equity strategist. should that sentiment come back for you? especially on the heels of all this stimulus talk? >> you are right. think markets could see a short-term rebound on the back of this. boj coming out to say basically they could do any policy adjustments as needed and necessary. draghi came out to say that there are no limits and potentially later this week you have the fomc coming through. right.short-term you are we could see some short-term rebound. we are still bearish on equities over the course of the next 12 months. lower highs and lower lows across the yen this time around. if your plane both the upside and downside. bias is really on the downside. angie: you say we a

lee did you commission this did the museum commission the artwork. >> the society of the asian art for it is a gift to the museum 50th anniversary of this year. >> oh, is that right. i didn't see that okay. thank you. >> is that you commissioner pearlman. >> ever hearing i'm someone different. >> commissioner pearlman. >> i wanted to say i was so impressed i was surprised is it came before the commission it is a minor permit to author the design was so indicative and so brilliant to bring many light fixtures i wanted to enlightenment the team it will be a beautiful piece of art so thank you very much. >> do i have commissioner hyland. >> thank you, ms. lee for speaking and giving us context it a worthwhile installation. >> i'll motion with the conditions condition. >> second. >> thank you commissioners on that motion then to approve this matter with conditions commissioner hasz commissioner johnck commissioner johns commissioner matsuda commissioner pearlman and dick davis 1st district and commissioner wolfram. >> so moved, commissioners, that motion passes unanimously 7 to zero and pl

lee did you commission this did the museum commission the artwork. >> the society of the asian art forhe museum 50th anniversary of this year. >> oh, is that right. i didn't see that okay. thank you. >> is that you commissioner pearlman. >> ever hearing i'm someone different. >> commissioner pearlman. >> i wanted to say i was so impressed i was surprised is it came before the commission it is a minor permit to author the design was so indicative and so brilliant to bring many light fixtures i wanted to enlightenment the team it will be a beautiful piece of art so thank you very much. >> do i have commissioner hyland. >> thank you, ms. lee for speaking and giving us context it a worthwhile installation. >> i'll motion with the conditions condition. >> second. >> thank you commissioners on that motion then to approve this matter with conditions commissioner hasz commissioner johnck commissioner johns commissioner matsuda commissioner pearlman and dick davis 1st district and commissioner wolfram. >> so moved, commissioners, that motion passes unanimously 7 to zero and places you on item 7

we are going the get a closer look at the asian markets.in business reporter tracy yu live in beijing. tracy is a reporter. good morning, tracy. >> tracy: asian markets are rallying today. we are all over in the green in china. sentiments was lifted after china released fourth quarter and numbers at 6.9% at 2015, the lowest growth number in 25 years. pretty much in line with expectations. investors in hong kong took the number pretty well. more stimulus from beijing. over in tokyo, japanese shares finally snapped losing streak. nikkei bouncing back about half a percent. that's the u.s. dollar climbed and pushing the yen back to 117-level and exporters were higher as a result and over in to the korea, kospi due to samsung and electronics. >> nicole: thank you so much. >> lauren: the war of words between donald trump and ted cruz ahead of the iowa caucuses. >> donald the last couple of days has been a little rattled. [laughter] >> his poll numbers went down and he got a little upset. and he's welcome to launch whatever insults he likes. i hav

a period that came to be known as the asian financial crisis.an countries kept rates high through the early 1990s in order to attract foreign investors and it worked, for a while. growth rates soared and soon e pushdities -- pundits were referring to the asian economic miracle. but when we raised rates in the mid 1990s money back flowing back into the united states. that became a problem. the u.s. dollar strengthened. and because many had currencied pegged to american dollar, that drove up the dollar and big exporters suffered. lenders with drew credit and it caused a huge credit crisis. the resulting slowdown called the asian flu by some sharply reduced the price of oil. it went to $11 a barrel in 1998. that represented in mergers in the oil business, including the biggest of all, exxon and mobile in 1998. that collapse in oil revenues led to the russian financial crisis in 1998 when russia defaulted on its debt. the crisis put enormous appreciate on the u.s. stock market and on october 27th, 1997 it caused the u.s. stock market circuit breaker

the second trade we like a lot is non-japanese asian currencies.the boj doing what they are doing and the pboc wanting to do whatever it takes, we think they will continue to see pressure on the, downward pressure on their currencies. that is coupled with low global growth and general trade slow down. we think the precious remain on asian fx, excluding the yen. >> it is pointless to try to time the risk on, risk off market move. we focus on relative volume. we still like selling euro-yen, because we believe at the end of the day, the ecb will do more than the boj and there is a lot of catching up to do with the b oj. other relative to trade, we like --if oil prices stabilize, this is a trade that can do well. >> for me, it is pretty simple. it comes into the question about rationality. we're basically where we think the relative assumptions that are going into the credit markets, specifically u.s. dollar high-yield, is medically different from what we are seeing in equity markets. the favorite tree would be long high-yield and short u.s. equities.

he is head of strategy for asian income.d morning to you and a very happy new year. >> good morning, wilf, happy new year. and to you sarah. >> jason, you managed $8 billion worth of asian equities. of course you left that and you're about to launch your new fund in march. if you were launching that fund ood, jason, would you be overweight or underweight china and why? >> underweight. i do think holiday travel shares in china probably have further to fall. the government as you said earlier is propping them up at what i think is an artificially high level and i think chinese related stocks listed elsewhere, such as hong kong, probably feel the brunt as we see further down side in the shares. >> of course the spark this week for global markets, partly the a-shares but probably more the currency, what do you expect to happen from here with the currency? >> i would expect the currency to continue to weaken. we have seen foreign reserves in china, dollar reserves decline by the tune of over $100 billion in december. i think a lo

i think the asian crisis was really when hong kong was looking into the abyss.ink about what was happening then. it completely collapsed. you had revolutions and regime change. a lot of people were really worried about point. that is when you had three round highball. we are long long way away from that. rishaad: linking itself to the rmb would be one alternative. matthew: the list of possible exchange rate regimes is fairly short. pegging to the rmb is one of the obvious ones. probably the most obvious one. in the short-term it is just not realistic. it is not really a convertible currency. i don't think any of them are viable. the idea that hong kong would be considering change and certainly the way things are overseas this far-fetched. rishaad: let's check on some of the stories we're following for you. glencoe has a stake of potential buyers of its agricultural business. it is trying to pay down $12 billion of debt. we could be seeing another tie up between asia and technology companies. in talks to form a joint venture although nothing has been decided yet.