hong kong was always this kikid of free hub. so if hong kong was now starting to kick out foreign journalists, to me that was a real turning point. >> himself a foreign correspondent, richberg recently caused a real stir with this article, in which he predicts the demise of hong kong, and not just because of the expelleded journalist. >> i think beijing runs everything in hong kong right now. there's a place over there called the liason office, which i think is the de facto power here. if i had to guess, i would think that the local hong kong government, gary lam, they probably didn't want to do anything, but they were told you have to punish the fcc for having that event. >> professor chung takes us out of the city. he wants to show us the new bridge to zhuhai and macau. for chung, it's another symbol of beijing's power and influence. the e longest sea a crossing on earth, linking t three majoror cities on the pepearl rivever d. bubuilt with chinese money.. but t professor chchung doesn't trust china's leadership. >> one thing

hong kong time. bloomberg markets: asia, let's take a look at how the markets oare setting up. the japan nikkei 225 seeing modest declines, 1/10 of 1%. steeper declines up 3/10 of 1%. automakers in light of waiting for donald trump to see what he decides about this report on auto tariffs. --are seeing clinton's of glimpses of shift from the aussie sector. our markets coverage continuing with bloomberg markets. the china open is almost upon us. this is bloomberg. ♪ i'm a veteran and the army taught me a lot about commitment. which i apply to my life and my work. at comcast we're commited to delivering the best experience possible, by being on time everytime. and if we are ever late, we'll give you a automatic twenty dollar credit. my name is antonio and i'm a technician at comcast. we're working to make things simple, easy and awesome. >> 9 a.m. in hong kong and shanghai. :his is bloomberg markets chennai open. >> no direction from new york, the focus is on china with momentum at a three-year high. >>

are told the boom busters about that and why you think that's the case in hong kong.well think about what the next generation of blog chain is going to be about it's really about execution it's really about enterprises and a lot of the actual execution is taking place with the banks there's one hundred fifty plus banks in hong kong it's a highly regulated market and as we see what's happening is that the banks are the ones that are actually utilizing and executing block change so this is very important for the next generation we believe that hong kong is well positioned because hong kong actually has customers that will use block change also what we see is a regulatory change that's taken place we've seen a transition from i.c. . and we see that the regulators are now starting to get warmed up in hong kong looking at it as a regulated. environment and then we'll see a transition to that and we believe hong kong is well positioned for this the last thing i want to ask you about is there are some research labs there to block chain research labs i hadn't known until i wa

it warmed up in hong kong looking at it as a regulated.environment and then we'll see a transition to that and we believe hong kong is well positioned for this the last thing i want to ask you about is there are some research labs there to block chain research labs i hadn't known until i was reading some of the stuff that you had written tell us about that. well i mean there's a number of different research labs i think the one that i would highlight the most is the one that sponsored by the government it's called asterisk they have been around for many years and they really have embraced block change they have written white papers on this they've been working in collaboration with h k m a on the next generation of what's going to be implemented and this research lab is not just about writing white papers they have been working closely with h.k. man now h.k. may has developed a trade finance program that trade finance program is a collaboration with we trade and it's now going to be developed so that we have collaboration as thing said the

concerns in hong kong that this plan will closely -- more closely integrate hong kong into the chineseland and further erode the autonomy that hong kong has, the legal autonomy or political economy -- autonomy. we have seen some measures by the chinese mainland to chip away from that. that is the concern. there are also some logistical and practical concerns about how realistically you integrate very different systems, different legal and financial systems in hong kong with those in the mainland as well. haidi: tom mackenzie there in beijing. australia investigates a hack on its parliamentary systems and says a state actor was involved. details just ahead. this is bloomberg. ♪ haidi: i'm haidi stroud-watts in sydney. sophie: i'm sophie kamaruddin in hong kong. new zealand's prime minister said thigns are still rosy with china as she is facing pressure from opposition lawmakers that says ties could deteriorate after the government says it has major security concerns about letting huawei enter new zealand's 5g networks. matthew joins us now. are there any signs that china might be retali

what role will hong kong play? policymakers want to leverage the relative trust and transparency in the legal and financial systems and bring that to their on some of the business opportunities and working seen mainland china. continuing concerns of a lack of transparency. that is something policymakers think is going to be a positive. hong kong is going to play a role in terms of financing in the greater bay area. macau is expected to become an international tourist hub. they've got the casinos there and the casinos are likely to benefit from this plan. they have some yuan clearing facilities. going to be more administrative, apparently, and shenzhen is going to be the beating heart of innovation. that is the outline from policymakers. yvonne: this is coming at a time that people are probably a little more skeptical about china's global ambitions. this plan hasn't exactly been welcomed by everyone. you could also singled out hong kong. >> probably most of the skepticism's coming from hong kong. mainlandmeshed the

you applied to the hong kong exchange. key cornerstone investor, tencent, to be able to buy more shares. it was rejected. the hong kong exchange is too restrictive? would refer to the regulation. by the time of decide on the hong kong stock exchange, we really follow the regulation. the reason we choose hong kong over other markets is custom in china. it's connecting china to the rest of the world. listing hong kong enables our partner, our user, to become our investor. this is a major factor for us. third, we believe connecting to this market, which creates a great atmosphere for the new economy in this stock market. stephen: there's also a number of different companies, including xiaomi, another one of your cornerstone investors. it was the first under the weighted voting system rights. voting writes, more than directors to have this weighted voting. they want corporations do you think hong kong -- to attract more of these unicorns in the tech space in china, do they need to become more flexible? zhihao: for this specifi

to see this unbeknown to many the lush green hills above hong kong skyscrapers are alive with swine and those boards are getting increasingly brazen. sometimes wild boars go to the barbecue area to look for food and if you leave them alone they'll pick up fruits and get some drinks. but if people feed them regularly it will affect their natural ecology. is a really long time. three years hong kong authorities have been trying to stabilize the pig population through licensed hunting and other means but with no natural predators numbers keep rising the eurasian wild pig is the largest mammal in hong kong often growing to over two hundred kilos but not everyone is bothered by them. and we each have our own living space if they don't attack us then i think we should respect that living space that we can save this belongs to humans or to other animals. we should respect each other so i don't think it's a problem. but others would like to see the moved on. if you and. i don't mind relocating them but we should euthanize them. your move. so far relocation hasn't kept them away for now and

to hong kong now whether you're out of the big celebrations are being barred by peculiar. wild boars and their own free in some parts of the city that's their city divided on how to do. hong kong a city famous for its hustle and bustle in a on line not the kind of place you might expect to see this unbeknown to many the lush green hills above hong kong skyscrapers are alive with swine and those boards are getting increasingly brazen. sometimes wild boars go to the barbecue area to look for food and if you leave them alone they'll pick up fruits or get some drinks but if people feed them regularly it will affect their natural ecology. or weeding out over the years and how we. feel years hong kong authorities have been trying to stabilize the pig population through licensed hunting and other means but with no natural predators numbers keep rising the eurasian wild pig is the largest mammal in hong kong often growing to over two hundred kilos but not everyone is bothered by them. so we each have our own living space and if they don't attack us then i think we should respect t

she is hong kong's south china morning post or i.c.m.p. was also present at the so-called interview and released this video. i think they are c n p handled this whole situation appallingly badly and they continue to do so i believe. they still haven't owned up to what they did which was to. don't presently participate in the circulation of propaganda. in an email to the newspapers editor in chief angela wrote the interview scripted point by point rebuttal of the criticism against china's treatment of my father might as well have been a statement from the foreign ministry you still decided to run the story knowing these could not possibly be my father's own words why editor in chief tammy tam replied to angela saying with regard to your father's case i assure you categorically that we did not collaborate with the chinese authorities to portray your father as speaking freely while in custody the south china morning post declined our request for an interview but in a statement said it was staunchly independent we had to choose between meeting

in hong kong.hat was the low end of the government forecast could are expecting the forecast for 2019 to come out soon but it is a reminder of the impact these trade tensions are having on jurisdictions like hong kong. shery: auto sales also a key factor determining consumer sentiment inside china and we are expecting sales numbers out. what are we expecting? really,itmus test particularly for big-ticket items. some of the sounds we have been hearing from the dealerships and big autos say it will be particularly soft. that follows what we saw 2018, auto sales in china down for the first time in three decades. the auto sales sector makes up accounts for 5% of china's gdp. it is the world's largest auto market. there is a big focus on what it means for gdp growth. it is a litmus test for china's consumer appeared whether or not policymakers will stand up with additional measures to support growth as well. numbers,e money supply does that suggest easing measures are starting to trickle through? tom: t

sophie kamaruddin in hong kong.l be reaction to result from australian companies can we have futures trading at a four-month high. i want to highlight afp which we are watching this morning we had the stock falling to a record low friday, seeing the worst today drop since october 2018. the stock could move after amp acknowledged the impact of venue government super valuation bill costing $10 billion australian this year and 2020, a 30 million dollars australian it. there could be some changes. the stock was downgraded to j.p. morgan to neutral on the back of that. shery: coming up on daybreak asia, peterson institute senior fellow jacob kierkegaard joins us to discuss the latest on trade talks and geopolitics. we have heard about progress on those trade talks in beijing and the talks will resume in washington this week. there have been claims with progress with few public details. we will have that interview coming up. haidi: that is not a done deal yet. that is a must it for daybreak australia, but trading in new z

wild boars are causing a stir in hong kong.re than doubled in the last five years, and there are worries that the wild animals could attack and injure someone. earlier i spoke to roni wong from the committee of the hong kong wild boar concern group. not a lot of people think it is a problem. i would say i would classify it as a conflict between human beings and wild boars. as you know, hong kong, there is more chance to get in conflict with the animals. apart from that, the organisation spread into the rural area and changes the condition of the wild boars. it has been seriously effective. the disposal of waste and four facilities will make the conflicts worse. it is interesting, we are looking at some footage and they look rather cute and cuddly and it is the year of the pig in many chinese speaking cities so they seem someone lucky at have they been a major problem, in terms of attacks, coming into conflict with the urban population? since 2017, our government has suspended the hunting because it is not civilised and it means

she is hong kong south china morning post or i.c.m.p. was also present at the so-called interview and released this video of. the think they are c n p handled this whole situation appallingly badly and they continue to do so i believe. they still haven't owned up to what they did which was to. don't critically participate in the circulation of propaganda. in an email to the newspapers editor in chief angela wrote the interview a scripted point by point rebuttal of the criticism against china's treatment of my father might as well have been a statement from the foreign ministry you still decided to run the story knowing these could not possibly be my father's own words why editor in chief tammy tam replied to angela saying with regard to your father's case i assure you categorically that we did not collaborate with the chinese authorities to portray your father as speaking freely while in custody the south china morning post declined our request for an interview but in a statement said it was staunchly independent we had to choose between

which hong kong's south china morning post or i.c.m.p. was also present at the so-called interview and released this video so. they think they're c.m.p.d. handled this whole situation appallingly badly and they continue to do so i believe . they still haven't owned up to what they did which was to. john critically participate in the circulation of propaganda. in an e-mail to the newspaper's editor in chief angela wrote the interview scripted point by point rebuttal of the criticism against china's treatment of my father might as well have been a statement from the foreign ministry you still decided to run the story knowing these could not possibly.

our asian correspondent joins us from hong kong.t would be significant if we got to the point of a leadership meeting. where we were as recently as november when we had the u.s. and china trading threats of tariffs and other measures. here we are three months later and all the talk is about a summit at mar-a-lago to sign off on a trade agreement. .hat's quite a new current there are skeptics to all of this, of course. but remains to be seen, there is no doubt that where we is a major lift to sentiment. >> we have gotten details with regards to structural changes and ip issues. where are we with that? >> one of the issues people are wondering where and how our china going to make these concessions. debate,stage of the it's more about how american companies can do business more freely in china. keep talking about the idea that you can pick the low hanging fruit, which are energy and agriculture. but there are some fundamental structural and political issues that look like they will be hard to get past. hanging fruit in i.t. protection

she is hong kong south china morning post or i.c.m.p. was also present at the so-called interview and released this video which will be. i think they are c. and he handled this whole situation appallingly badly and they continue to do so i believe. they still haven't owned up to what they did which was to. drunk critically participate in the circulation of propaganda. in an email to the newspapers editor in chief angela wrote the interview a scripted point by point rebuttal of the criticism against china's treatment of my father might as well have been a statement from the foreign ministry you still decided to run the story knowing these could not possibly be my father's own words why editor in chief tammy tam replied to angela saying with regard to your father's case i assure you categorically that we did not.

now debra mao from hong kong.china's contraction deepens, pmi had its worst read out since 2016, and the latest indication that the slowdown in the world's second-biggest economy has a ways to go. it fell to the lowest reading in nearly three years, and well below the forecast of 49.6. ansumer confidence is at high. promised to substantially expand purchase of u.s. goods after the latest trade talks in washington. both sides plan further discussions to reach a breakthrough. have made they important progress, and president trump seems optimistic about a meeting with his chinese counterpart. there is one month to go before the trump administration is set to raise tariffs. president trump: we have to get at some pointper if we agree. there are points we do not agree to yet, but i think we will agree. when president xi and myself meet, every point will be agreed to. bra: the u.s. is said to be withdrawing from a nuclear arms treaty with russia. president trump will suspend a 1987 packed with the former soviet union as

hong kong and china bearing the brunt.n the hang seng index, pretty much every stock is in the red. it is out and play today. remember we had a pretty good week for asian stocks, and the index is on track for a weekly gain of around .5%, hitting october highs earlier in the week. let's have a look at the stocks we are watching. this is on reports of a clampdown, government clampdown on underground banking, which could start to affect some of the revenue at the macau casinos. japan is the worst performer when you look at the mrr function, fallen the most in eight years after for your operating income missed the lowest estimates. for the upside, we have a producer in china, a big rally coming through, nothing to do with the year of the pig. it's because of the swine flu affecting a lot of the producers and investors are betting it's going to push pork prices higher. nejra: thank you so much, juliette saly in singapore, keeping an eye on pork prices as well as anything else in the asian market. time is running out between the

let's get back to sophie in hong kong. dividend couldal not perk up investor sentiment today. >> that is the case. whitehaven falling as much as 7.3%, the lowest in a month, despite as you said results coming in fairly decent. you have the company reporting a 90% rise announcing a special dividend, and we could perhaps see some of this negative a cut andcoming from full-year guidance. caesars jumping as much as 10% on a wall street journal report pushed thecahn casino operator to consider selling itself. the billionaire shareholder has a stake of about 10% in the company and wants jesus to explore a sale after receiving at least two approaches. >> thank you so much for that and still ahead, do not miss our exclusive interview with newcrest mining's ceo after gold miners earnings were released this week. >> coming up next, we checked the outlook when it comes to emerging markets. this is bloomberg. ♪ to asia'snting down first major market open since friday morning. a littleking lackluster. a stronger yen is at play. we're l

hong kong lounge, it happened during the lunch hour. it is amazing everyone in the restaurant that the fire officials got out safely along with eight workers, you were talking about with the private contractor putting in fiber on si optic equipment underground. the permit was issued to mci metro/verizon and mastec was the construction crew involved with the back hoe that apparently breached that main. they're not commenting to us, but just to summarize if you're just joining us right now, we have eight people who have been accounted for. no injuries, five buildings involved, one is the one that's badly damaged. the other four, including one across the street, have had some peripheral exterior damage. fire fighters are putting water just on the buildings, not on the gas-fed flames, and right now, you have a whole block, more than that, one block perimeter has been shut off. they don't want you nearby. they've evacuated it. this does mean 38 geary your major bus transit home is not happening around that area, is being detoured. usf just t

rishaad: the thing is you have a surplus of 350 hong kong dollars.ing on to just shy of one billion u.s. dollars. in fact, 10 billion u.s. dollars. theyhink -- why aren't doing something with this money? why are they not building social housing? why are they leaving chronic housing shortages in the territory itself? i suppose these are questions i should not really be asking you. >> these are all valid questions that are part of the debate. there is a surplus, by the way, that would read the envy of many governments around the world, and there is a growing chorus of voices saying the government needs to do more in the real estate sector and we have seen them take steps recently with their move towards taking over land and one of hong kong's best-known golf clubs, for example. they are talking about reclaiming parts of the city's territory. that's why real estate and affordable housing is a critical part. actually 7.5 billion u.s. dollars. what else are we expecting from this? >> there is some commentary as well about extra finance going into the hosp

sophie kamaruddin in hong kong.en up on the board here retreating for the 1.11 handle as investors wait for fresh catalyst. flipping the board for the open, the nikkei 225 adding .2%, resuming gains after we saw a decline for the nikkei 225 on tuesday, and we have the kospi ,lso opening higher, up .2% again resuming gains. we are seeing a little bit over sentiment picking up. shares in sydney are gaining ground, up .2%. .esuming the advance the sense here is that despite we haveent resurgence seen in stocks over the past quarter, some investors are not buying it. they are not finding any good reason to trust it. investors need to focus on downside risk protection. let's get the first word news with jessica summers in new york. voted tothe house block president trump's declaration of a national emergency on the mexican border. the vote fell far short of the two thirds majority needed to foil the promised presidential veto. the senate where the republican majority must decide whether to defy their president. nigerian

coming up, we are hearing from the hong kong exchange. executive saying the ipo price line is looking good. this is bloomberg. ♪ haslinda: you are watching "bloomberg markets asia." i am haslinda amin in hanoi. we started talks at 9:00 a.m. local time. earnings met estimates in the year that made it the number one ipo venue, but 2019 could be different. interview, exclusive uncertainty makes a repeat of 2018 unlikely. >> the pipeline is very strong. we are probably not going to have a repeat of that mega ipo year of last year. we were number one last year and five out of 10 in the last 10 years. people ares year waiting a little bit. there is a lot of uncertainty in the market, but i still think our biotech chapter we see very healthy, very strong pipeline. even in the traditional space, big chinese companies are suing the pipeline. we remain comfortable, but are not using number one, number two as the goal. the market is going to do what the market is going to do. pivotal time for your exchange. what do you see that you want to do the ne

sophie: i'm sophie in hong kong. welcome to daybreak asia. ♪ haidi: the top stories this tuesday -- markets pivotal for global growth. the dollar strengthens again and treasuries fall. trade talks resume in beijing among cautious optimism. is there a just enough to offer new on hold. labor with its first earnings. we are live in obama. yokohama. shery: we saw the dow fall for the fourth consecutive session, down 2/10 of 1%. the s&p 500 finished unchanged. we have industrials being led higher by railroad stocks, but utilities are slow. health care stocks weighed on the index. we have small caps really outperforming the broader market with the russell 2000 gaining 8/10 of 1%. u.s. futures at the moment unchanged. investors could be sitting on the sidelines as we see these trade talks unfold in beijing. we could be headed for another government shutdown come friday when funding runs out. a lot to watch out for this week as we head to the asia open. sophie: we are seeing a mixed session potentially in asia this tuesday.

this is off the back of another seizure in hong kong, pangolin scales and elephant tusks, is hong kongmidst of —— in the midst of the higher centre of demand, whether it is rhino horn 01’ of demand, whether it is rhino horn or pangolin or ivory. from hong kong it can go to mainland china, it can go to vietnam, which is... some people in hong kong who buy these products. i'm so sorry, john, the quality of the lion has really deteriorated, we would love to have spoken to you a lot longer. —— quality of the line. schoolchildren across the uk, have been taking part in a day of protests, calling for action on climate change. 0rganisers say pupils walked out of schools in more than 60 towns and cities, to highlight what they see as a lack of action by the government. frankie mccamley reports. we are angry that the government's not doing anything, but we also see it as important to fight for ourfutures. to all the politicians, listen to what we have to say. you failed at saving your own future, so now can you try and save ours? there's no time to rest. we have to do something to save the plan

in hong kong and shanghai.mberg markets: china open." >> japanese stocks lead the way on a return from a long weekend. showing optimism. a trade deal could be reached soon. thatvestors encourage china may offer enough to put new u.s. tariffs on hold. report latern will its first earnings since the carlos ghosn erupted. we are live at its headquarters in yokohama. ♪ yvonne: looks like we are headed for green arrows. japan coming back in a big way. will be interesting to see how china, the bullish momentum, can it continue? china, the bullish momentum, can it continue? rishaad: they have been on the present. locatechina, the bullish momentn it continue? rishaad: they have been on the present. locate -- lurking in the background. the data is not too bad. those reserve numbers as well. on top of that, looking at real direction from the street of dreams. this is what we have at the moment, slight fallback for singapore. things are flat. could turn either way. depressing pressure on the taipei market. moving to the u

hong kong and china in a very different different economies. we were actually there in shanghai during the time when. they decided to shut down the bitcoin exchanges and china is really really interested in block chain without coin and using it as a way of exercising controlling more data taking away more previous day and they want to get rid of any taken so that they're not traded on exchanges and they just want to get the benefit of what they see as a database so that they can and exercise more important and control over that people and they see a great the moment and i think that will be a great time on from government to try and use change the way of actually. making animal control over that people and kind of so they can fight against it going this counter culture. and the friction on the show will continue and. you know we see that in places like china where. they decided to fight against it in the strongest way we have about twenty seconds care to guess what timeframe might be the first to put bitcoin in the strategic reserve simon. i th

the main building where the hong kong lounge two is badly damaged. other buildings either have water damage, smoke damage, or damage from the flames. what is going on in terms of helping the folks who are not going to have a place to stay later tonight? >> reporter: they are doing -- as i understand it, having some shelters, some emergency areas for relief. building department person said that if anybody is affected by this issue, contact the fire department and try and find out one, what the extent of damages for the building, but also two, see where they can go to get some help. the other thing is it is a mix of different units, so there is residential on the top , according to the building inspection department, and also commercial on the bottom. so it is really hitting these two very different populations at the same time, and certainly you know in this day and age right now with the chinese new year, hong kong lounge two, and some of these other buildings -- it's a difficult time to have this happen to your business. >> it's going to impact the

hollywood made this corner of hong kong famous now cory day is the place to come and strike a pose. no income tower block to instagram backdrop the area has gone through quite a transformation with photo tourists swarming to what was once a local hangout. willing to kill. the elderly are considerate they move their games to quieter places. so they won't disturb the photo takers background. as a fun. across town a graffiti mural on graham street is another must have snapped. but it's hard to get a clear shot. trucks and taxis jostle for space with social media obsessives . i can't believe how many people are here pretty good for taking photos. and across the bay the choice hung housing estate. its iconic rainbow colored paint job has become a global phenomenon. no more games on this basketball court it's now a staging ground for getting likes. critics say image conscious tourists are of romanticising poverty oblivious to the people who live here. the good woman people have asked me how to get here and i give them directions i don't mind . the government has publicized this to foreign

hong kong time.tical and market analysis in the lead up and during the address to parliament. stay tuned for that one. lots more coming up as well. this is bloomberg. ♪ ♪ time now for our battle of the chart segment. we have our breaking news team. is it your first time? our asian equities team in sydney. you have to be good to the rookie. david. judging today, david: let's start off with a lady in the middle fixing her hair. go for it. chart his a crystal ball predicting the bank of korea's decision coming up. the south korean government on deals dropped the most in a month. they dropped three basis points and six basis points respectively. bond traders are saying the stars are aligning for the bok to make a rate cut. the economy is continuing to ,low, industrial is also down on top of inflation. with the u.s.-china trade war and the fed signaling a prolonged pause in tightening, the governor, the fed was more dovish than expected, so this chart could be a fortune teller. yvonne: we were talking abo

london time, and 9:00 hong kong time on a.m. bloomberg television., as we come to the end of another week, the clock continues to tick toward march 29, when britain is scheduled to leave the eu under the terms of article 50. it is unclear what kind of brexit the uk's heading towards. so, how can investors play sterling? here is what we have been hearing. >> as brexit uncertainty continues to swirl, some analysts are trying to forecast events that many of their peers have said is untradable. naraj patel says that in the event of the shift toward a softer brexit, he'll strength in -- cable will strength between 1.38 and 1.40, and that a hard brexit could still boost the pound. he says it could settle between 1.34 and 1.35. but extending article 50, increasing the uk's political limbo, it would be the worst of all, taking it to 1.30. david bloom of hsbc says staying in the eu could give sterling a surge, a level not seen since 2015. but an exit from the bloc without a trade deal could be disastrous, bringing cable down to 1.10, a level it hasn't fallen

park is very popular in china and hong kong ten to fourteen pigs are prepared here every day but now in the run to chinese new year it can be up to one hundred and they're delivered to other restaurants and private customers. but overall meat consumption is on the wane in china too fatty to heavy. more and more chinese are adopting healthier diets but the master roaster has other worries. that young people think this job is too hard also if we go out of business one day they won't be able to find a job anywhere else so young people are not willing to join us. shortly. but for now grill chefs expect people to really dig into pork during the upcoming year of the pig. think it's yummy the skin is very crispy delicious. and twenty twenty is the year of the rat but it's unlikely that people here will go hog wild for it. and that's it for me and the business team here in berlin don't forget you can always go out to the web site for more complex business thanks for watching. and take a closer look at modern culture from the. culture. once upon a time there was a young girl. with a burning a

how does this come together for hong kong?ong is worried about this whole system because you are talking about this framework in place since the one country to systems. -- two systems. bemuch as this area wants to the next silicon valley, we are talking about an issue that has had segregation for more than 100 years. there were protests in hong kong as soonlitical powers as their parliament got involved. romaine: what made silicon valley silicon valley? ,t was having talent educational institution that produced the talent. what is the connection? is a hub.ink macau shery: china wants to have this plan as a form of making it an innovation hub. as soon as the plan was announced, tech companies in shenzhen got a boost. they are talking about making this an innovation hub. china is a state-controlled economy. the focus is to have supremacy in technology, and they hope the combination of too former european colonies in the chinese city would lead to that. caroline: that's a conflict one. shery, thank you. for more on the stories, d

manyre we seeing so lockups inspire in hong kong just now? -- expire in hong kong just now? very busy year for ipos in hong kong, as the city was host to the biggest venue for ipos. we are seeing the back end rolling out six months after listing. january.e xiaomi i madewas a big expiree that everyone worry about the valuations we saw last year. billions and billions of dollars being lifted in hong kong. have moreer, we still ipo 40 companies whose lockups are due to expire. a lot to watch for on the special situations desk. >> and what do we know about these expirees on the horizon? sofia: today we have china tower. that lockup expires for some shareholders. it is a different story to show me. aom brought down iti valuation target, it was still an extremely valued ipo. as soon as you could sell the shares after a badly performing ipo, you could still make a huge profit. 30% sinceas it risen its last listing, it is not a flashy tech stock. it operates most of china's telecom towers. the 5g story is very much a growth story in china. even though we saw citigroup cutting its ra

here's anabel in hong kong.ony is the latest big tech company to suffer from the slowing local economy. it sucked the most in 3.5 years on weak demand for the playstation 4 and a lower for your revenue forecast. fellting income in games 14% to about $660 million for the holiday. sold just over 8 million consoles compared with 9 million a year earlier. in bev is set to have picked jpmorgan and morgan stanley for initial public offering of its asian operations. it could be one of the regions biggest share sales this year. they are said to be considering hong kong as a venue. but a final decision has been made. the ipo could raise more than 5 billion u.s. dollars. bloomberg data shows only three asian shares tops that last year. is lobbying china for changes that will make it --ier to shorten it would restrict lending of shares listed in china, for shortselling. morgan stanley is also pushing for the changes. of stresssaxes head that is said to be leaving. he is leaving the firm in ongoing churn. his expected to th

hong kong back in business, losing appetite for hong kong debt.ron or consider use -- iron ore continues to surge. matt: asian stocks down, especially in japan, on concerns u.s. and china won't reach a trade deal before the next round of tariffs is set to kick in. the aussie dollar is sinking after the central bank. and the volley crisis intensifies, sending iron ore futures to the highest level since 2014. let's get into markets right now with mark cudmore, our bloomberg mliv strategist in singapore. interesting we didn't see, across asia, the same kind of drop. in fact, if this is really due to trade tensions, i wonder why hong kong equities were little changed as japan was down 2%. mark: i think there's been new wants to the interpretation on the comments trump made about the delay in trade talks. people started to realize this means most likely it will be a prolonging of the deadline rather than the worst-case outcome. that prolongs uncertainty. it's not necessarily good news. it's a marginal negative, but it's not drastic. there's a chance th

ten years, so this is home for us, and i walk up and down this street every day and familiar with hong kong lounge. it's a busy and popular restaurant with lines around the block on the weekend. there's a preschool about half a block away. my first thought was first of all, was there anyone in the restaurant and did they get out okay. it certainly didn't seem like something you could escape from easily if you were inside. >> we want to let you know the good news s according to the fire department, the patrons in the restaurant did all get out, which is fantastic, because it was the lunch hour, and it was probably packed. naomi, this is incredible footage that you shot and we want to thank you for sharing that with us, and also sharing with us your experience. >> and i'm just curious, naomi, just so i understand your state of mind. are you feeling comfortable enough at this point in time that you are going to be safe where you are, a couple of blocks away? >> caller: yes, definitely. i'm two blocks away and at this point in time, i feel perfectly safe in our building. >> okay, great. well, w

in hong kong.er a rise in income. will be joined by ceo dominic stevens. this is bloomberg. ♪ this is bloomberg. ♪ asx saw a 7% surge and boosted its interim dividend. let's get straight to the exchange. sophie will bring in dominic stevens. great to have you with us. tell me about what the major growth of drivers were. andhis level sustainable, thoughts about how you managed the cost side of things as well. goodic: yes, it was a half. the number you talk about is on a statutory basis. there has been a change to the accounting listing on our basis. we were up north of 10%. that is probably the best print we have done since the first half of 2014. it, it isthing about a cross listings, derivatives businesses, trading businesses, and post trading businesses showed 5% to 10% growth. that is a positive thing. on our expense side, we got the market to a number of around 9%, which is where we are. --is under lighting underlying growth of the business. we are investing in putting in stronger foundations i