csrc puts the blame on the founder, saying he directed those around him to do this and recognize salesrematurely. there is no criminal charge against him yet but that might be the next thing. haidi: as you say it is that focus when we see any criminal charges but i am curious given the liquidation process how does such an inflation of earnings impact that? >> as part of the allegations announced overnight the csrc says the company sold bonds using the inflated revenue numbers as part of the marketing for the assets so obviously that throws into question the legal status of the bonds. i am not a lawyer, i think these will go through a lot of detailed discussions between lawyers and courts. i think if anything it is clear it makes this much more complicated for the creditors. haidi: we are three years into the property downturn and still seeing negative headlines. will there be one developer that is the backbreaking element? we see progress about reforms of policy trying to steer out of this. >> i think the fundamental issue is people not buying homes. a stockpile of inventory that devel

for us, an interesting comment made by the head of the csrc. for the last week or so we are starting to see more follow-up. over the medium term as the companies announce more buybacks and dividends, i think investors will pay more attention. most people are still focused on growth rather than corporate governance. haidi: jason, great to have you with us. jason lui from bnp paribas. take a look at some of the moves that are watching on the back of some pretty worrisome outlook for the likes of lululemon overnight as well as nike. we are seeing some moves when it comes to asia's sportswear makers. not much of a downside we are seeing from the likes of fila. we are also watching some of the airlines, japan airlines rising boosting income forecast and propelling that stock higher. we are also watching some gold miners after what has been a hefty week of trading for the price of gold after the fed decision and the moves we have seen with the dollar. some minor is seeing a down day today. evolution off 1% and genesis mineral down by seven point 3% a