according to media reports, some 10000 police have been deployed across hong kong today. they occupy roads at a shopping district that would normally be filled with pro democracy st stands on this day. people are stopped. questions and searched most of victoria park. traditionally the starting point of the annual march is once again how to bounce back. one gets in has spent the morning watching light streams from various locations around hong kong. his group student politic ism had earlier announced plans for a st. stand on july. the 1st all the whole guys, i'm really no phone. all right. so you, all these all can go behind several phone calls later. they have a plan on hiring k. don't take the pattern. but by the time we get to my call, the police appeared to be one step ahead on how long golf our guys out gave us touch all. so you got a golf log, all i know you've got gold ones on there, but we don't offer the he hits there anyway. i got a time and all his friends are waiting. and so the police and then they go it's not long before got around than what i have initially,

i know we're regular sight in hong kong. that's more and more activists are arrested, charged in jail. supporters run off the prison band waiting signs and shouting words of encouragements. i therefore, the phone callers who refuse to play by then you lose candles in the wind. me. ah, me who i more and more indeed going under the normal to become tall. ah, when i want to investigate the length some people are willing to go to a new fire on al jazeera london is one of the most important issues in the world and decisions made here have an impact, right around the globe. and so here at our view, right, we will show you the true impact of those decisions on people and how it affects their everyday life. we are free to put them on air and to really engage. because we know that all the audio is interested, not just in the mainstream news, but also the more hidden stories from parts of the world that often go under reported. ah, this is al jazeera ah, hello, welcome to new kimbell and go coming up. we just doing what we need to do

we will bring you the details this hour. >> hong kong overtakes the nasdaq -- will hong kong overtake the nasdaq and the next few years as the number one capital server biotech? that is the question for the are next guest against increased regulatory. our guest is a managing partner. this is bloomberg. ♪ >> we are back. this is bloomberg markets daybreak asia. >> i've been looking at seven-year yields, mentioning their growth. we are updating this forecast, 1.64% is from your end, that goes up to 2% by the end of next year. the longer term, we have a 10-year yield going back -- there's really nothing to see here. consistent with the decade-long trend. two trends -- against the backdrop of this come up where you look for income? >> we have had this for several months, market looks to be have internalize that view. the question to us is how deep of the deceleration will moderation are we going to get? looking around the world over the last week, we have seen a lot of indication of the global price index on a key down trend. u.s. consumer confidence is collapsed, even canadian gdp is muc

i know we're regular sight in hong kong. as more and more activists are arrested, charged in jail. supporters run off the prison band, waving signs and shouting words of encouragement. i, therefore, the whole congress who refused to play whether you lose candles in the wind. i me i learn more in the going under the not to become tall. ah, when i want to investigate the length some people are willing to go to bridge new fine on al jazeera news, news news. the stories that need to be told find away and demand to be heard, the opening the window into another light and challenging perception and personal endeavours in epic struggle with the colossal sacrifices in individual journey with new showcases, inspiring documentaries, the change the world on al jazeera ah, i'm here to sound the alarm. the world must wake up as leaders make of the general assembly of the un cheap ones, the world has never been more divided and threatened facing crises, complying to change current of virus and conflict. and in his 1st address to the un gen

according to media reports, some 10000 police have been deployed across hong kong today. they occupy roads that a shopping district that would normally be filled with pro democracy st stands on this day. people are stopped. questions and searched most of victoria park. traditionally, the starting point of the annual march is once again, out of bounds one scene has spent the morning watching light streams from various locations around hong kong. his group student politicize him at earlier announce plans for a st stand on july. the 1st. the whole guy got really no phone audio, so you all can go by and several phone calls later. they have a plan on us and i don't i take the pattern but by the time we get to my call, the police appeared to be one step ahead. although i how long golf our guys out gave touch. all. so you got a golf goal. i know you felt goal one, john, but we don't office with he hits there any way. he, i got a time and all his friends are waiting. and so the police even higher and higher to google. it's not long before around them. what i have initially, polic

they fear the change would undermine hong kong. so autonomy and rule of law when the government is related to christian with the 2nd reading of the bill, just few days later, tens of thousands of home surrounded the legislative council complex. the young, i think in all her hello. hi uncle john. ah, he knows her little girl violate, although the was a little coming from the high car. yeah. one thing, thing, thing to quite the me on the $30.00 a month, the child hung term is also out on bail, but she has more than just her own case to worry about. she's a lawyer for several opposition. politicians detained for allegedly breaking the national security law. you called at the time? i think i've been to prison for the last 3 days. keep going again today to discuss the bail hearing with one of her clients. but she might not be able to act to the him for much longer, expecting that you are constantly, frankly. so i have to return to the last some friends have a child to step away from activism. others have even suggested that she go into

and nearly all of hong kong, prominent opposition, politicians have been jails. hong kong leaders carry lam insists the law was necessary following months of sometimes violent anti government protests. the implementation of the national security law has effectively restored debility in the hong kong society. government imposed make up work in the, in the lead up to 2 major anniversaries, one on one. although the home congress, who refused to be silent. while the old old young my awe every year for more than 3 decades, hong kong victoria park were transformed into a sea of lights on the anniversary of the gentlemen crackdown off as a hand over in 1997. the city became the only place in china where it could be openly commemorated pay my point of becoming stock, or from the juvenile that you had told me apart from a very young age. but that's my 1st experience are participating in a muslim label and hopefully you layman with what i some i why you'd have been talking about being activist how hung tongue is vice chairperson of the group behind the vigil. it's been an affection to see that th

now we're regular sight in hong kong. that's more and more activists are arrested, charged in jail. supporters run off the prison band waiting signs and shouting words of encouragements. i therefore, the phone call is to refuse to play by the new rules candles in the wind. i me i learn more in the going under the normal to become tall. ah, when i want to investigate the length some people are willing to go to bridge new on al jazeera. gotta one of the fastest growing nations in the world. i want a car needed to open and develop a pull back into national shipping company to become a team, middle east, and trade and money skillfully enough out 3 key areas of filling up from it, connecting the world, connecting the future the cut out, cut to gateway to whoa trade, we understand the differences in the cultures, the cost around. what movie news and current does that matter to you? i trans recall back from the us and australia and made an ongoing dispute over the new pacific security align. ah, hello, this is al jazeera life fr

the hong kong -- you saw.ly, with the south bound trading close because of the holiday, you do not get that support from mainland money. that is culminating to make a bad session on monday. the other thing doing the rounds this morning is a borders report from late friday. during trading hours but it seems to put the attention that beijing is looking at the property inequality in hong kong. the idea is that common prosperity could be applied to hong kong in a way that it is being applied in mainland markets. anything tycoon related being sold, the hong kong property selector. that is the one being sold off today. it is not -- the biggest the cleaners are not the china property stocks but really, hong kong -- exposure is being exposed today. haslinda: ever grand has become the most expensive short in the world. reporter: exactly. that is potentially making things worse for the stock. if it is expensive to short, it is expensive to hedge. you see that market score a 10. that is a maximum score they give for the

. >> a letter from fence to hong kong to -- from france to hong kong.e found his film revolution of our times would premiere to a select few at the cannes film festival earlier this year. >> there was a chance i might not be enter -- may not be able to enter hong kong again. my friends were so anxious about my safety. when the film gets more attention, it is a great honor but i know the stakes get higher. >> the two and a half hour documentary chronicles hong kong's 2019 antigovernment protests. it's release could lead to his arrest since he is the only film crew member who disclosed his real identity. it is unlikely the film will screen in hong kong cinemas. hong kong authorities are amending the film's censorship law, giving officials the power to ban or even -- to ban new or even old movies. >> it will close the door on the production and presentation of politically sensitive films. the freedom to create will suffer when films undergo political censorship. >> once hailed as the oriental hollywood, hong kong's filmmaking industry has seen a sharp incr

on hong kong.t them when it comes to chinese tech, insurance rallying for a third day. the hong kong tech index uprising gains. technical indicators of strong corporate earnings -- sentiment. let's bring out our strategist. we have that so should have defensive plays in the u.s. after jobs numbers. do we see this continuing? is there a sense that anything has changed when it comes to the visibility of the tech crackdown here? >> yes, there has been positive steps, and that is what investors are clinging onto here. there were up in a couple of things going on in the past few days. there were been signals from beijing that they want to have more transparency on the way they introduce policy, particularly in relation to antimonopoly policy. at least that gives investors more of a roadmap of where beijing wants to go. some of the uncertainty recently has been investors were in the dark because they did not know in which direction the next set of restrictions were going to come from. you give them a cle

for hong kong, it is very simple.ax rate, you have the free flow of money, you have the rule of law. you have a very good regulatory system here that is internationally recognized. give a strong hr pool. and you have the proximity into china, one of the biggest markets in the world. so geographically, hong kong is a very unique place to thrive in this new business arena, in the current partial array -- arena. shery: raymond chow speaking exclusively with our markets coanchor yvonne man. we delve deeper into the hong kong property market. our next guest says the worst fear has passed and the market is at a turning point. rosanna, great to have you with us. where you seeing a turnaround in the property market? are we talking about leasing? are we talking about office space? investment markets? guest: thank you. as we mentioned, we do believe the worst has passed here in hong kong, at least in the last year. it was demonstrated by a very solid economic growth in the first half. we are seeing a 7.8% year on year strong gr

that is leading to not just markets -- hong kong getting a lift. rishaad: what a way to greet a resignation. have not seen that since 1991. looking at some moves in china. beijing's crackdown on private enterprise. david: talking about how china is still there to support private enterprise. you are starting to see the equity market, which opened slightly flat. firmly in the green. 1% up. rishaad: labor day as well in the u.s. having a look at what is going on here. 1.6% up here price action there as we do see more of a reaction come through with various people being touted as the replacement. hong kong's hang seng having a slight gain. commodities up, aluminum 1.3 to the upside. i went to give this backdrop of the payroll report. we are looking at labor day. we could be see volumes than usual. we'll have you got your eye on? david: we're looking at japan. 30 minutes to the lunch break. pretty much hitting on all cylinders as far as the equity market is concerned. on the back of what has been happening politically. the nikkei 225, we gapped massivel

asia has hong kong and singapore threatening to retaliate.re you worried you may have to fly some empty planes just to secure and keep those? >> it is not enough. we would have to redo that. we would have to exchange i get on that. we were forcing airlines. this is not a sustainable way forward. we hope we can find a solution. >> overall, this seems like an archaic role as well of use it or lose it. it is not what you call environmentally friendly. what is the solution to all of this? >> dissolution for sustainability will come from the inventory. i think we are very committed here on sustainability and we are -- in 2020i think we were the first airline group, the first customer and we will continue going in that direction. that is one of the main arguments. if there was no using of the restriction, there is no point to flying around the world. >> we know which countries may come on -- may come on screen first. how do you gear up for that? >> actually, in singapore, we are seeing all demand tripling. it started two weeks ago, three weeks ago.

feel about this in hong kong. most of the cities, the democracy, activists, as we know, have either left or in jail. are people able to freely express their opinions and opposition and descent? no. because you asked the question is what the person will look like, mainly the correct thing. there is no more democracy is being orchestrated by managing having a little bit of contests on the margins here. and really they're, they're contesting 364 seats out of 1500. and most of those are largely contested. i mean, it's trying to get the veneer, just got the fiction that there's some popular partition in this, but this is all based on time it's, it's but they would like this to be treated as an expansion the democracy because they've added all of the sub sectors and they don't, these people have a choice, but in reality, again, last time they met this kind of process to like the lecture committee that were about 250000 voters. this time today that will be 4900 and the book that in perspective there were 6000 policemen w

stephen angle in hong kong. as i was telling paul, i don't understand what this means because it does not seem that there is any concrete plans to offer them any sort of financial support. >> according to the sources we have spoken to, there's no indications that sources are planning to offer financial support to evergrande and it is unclear whether officials believe the company should eventually impose losses on those foreign or dollar bondholders which is a key question. we know from a couple of days ago that the one bond that was the interest payment that was due yesterday was negotiated and resolved according to evergrande. no details on that. it is the dollar bond we have not necessarily gotten much details. sources say financial regulators in beijing have issued evergrande they brought set of instructions urging it to take all measures possible to avoid a near-term default on the dollar bonds with added emphasis. complete the unfinished apartments and repay investors. keep in mind, minimal count, at least

then hong kong goes on holiday tomorrow.icipants perhaps waiting on the sidelines until there is greater clarity. this is what the greater china economist had to say. even though most people he says don't expect evergrande to collapse all of a sudden, the silence and a lack of major actions from policymakers is making everyone panic. i expect china to at least offer some verbal support soon to stabilize sentiment. we have not gotten that yet. the challenge for officials is how far do you go before these tough measures threaten to create the kind of financial instability they are trying to avoid? will run through a quick list of things have you have only been watching the tech crackdown, the property market has had significant regulatory and market tightening. they have tightened mortgage approvals in the last year. they have raised rates for first-time buyers. they have suspended some centralized land sales. even revived talk about a national property tax and there are three shootings in pays redlines. so they don't overexte

not one of the hong kong is also like out. it's not something that the 2 countries can come to an agreement on, but some issues they could agree on are in the area of technology or trade and so on. so that's why they should start focus on what we can agree on. because there's a lot of work to be done in those fears. right. exactly, but there's what i know. let me go diner in beijing here, but there is what, let's talk about what you can't talk about. ok, let's be be very clear about compromising a country sovereignty, hong kong, irrespective of how you feel, what hong kong, that's part of china, that's their affair. and the, the process of the united states and china exchanging diplomatic embassies is that taiwan is part of china. it's very clear, a very simple look at the documents, ok. it was explicit and implicit here where you wouldn't know that from the mainstream media whatsoever. so let's go to theater. when you take a look at that, i mean, i think you're, you're absolutely right. but when you have a treaty and it talks

some smaller firms, several are hong kong listed. central china real estate was down more than 6% yesterday. these are companies listed by s&p, also fantasia. listed in hong kong. rise son which is a china listed, it trading today. yesterday civic fell 87%. it has an offshore bonds do on october 18. 240 something million dollars. conversely, city is out with a note saying the evergreen crisis is not the li bin moment, however it could have contagion seized to some of the smaller banks. yvonne: local media in china have not exactly highlighted what is going on. you are not getting a whole guidance. unless we hear something, most analysts are saying we are not going to see the end of this right now. reporter: that's right. there is policy guidance from the central government on the issues, but there are also lots of rumors about the future of policy in hong kong. look at the big four developments. henderson land. those big companies lost $6.7 billion yesterday on this concerned that perhaps beijing style curves to the property market,

sophie kamaruddin is in hong kong.hie: nikkei futures in chicago a touch softer but we could see consolidation for japanese stocks with the nikkei 225 potentially on course for a third weekly game and the yen looking little changed early this friday morning after the biggest advance in about a month as we saw the dollar fall with yields following the ecb decision. let's check out what is going on with oil. new york crude at $60 a barrel, set for the first weekly drop. jp morgan are taking docs of the multitude of factors in on the balance, they see no change to the expectation for a deficit so they are sticking to their crude forecast. i want to show you this, what is going on with cookout and neighbors. set for one of the worst weeks ever for the stock. neighbors shed more than $10 billion amid that rout on regulatory woes. and the pressure is likely to continue going into the march presidential election in south korea as lawmakers attempt to emphasize protecting consumers over corporate's, which is what eugene invest

remember how hong kong came into possession of the british. it was a deal where they used gunboat, diplomacy to in essence saying that we're going to be your drug dealer of choice and you have no, no options on that because we have our cannon's face towards your capital. so this was not some kind of treaty or a whole. hong kong was turned over because it had to, the lease was up, it was part of china. it was rested from china by highlands. i don't know how you can equate that any was i know the history here. it was. it is not a treaty very well. there is no treaty between great britain and china, and that it was a memorandum of understanding. and as you will call, if you read the documents with miranda was under the final not under the u. s. not under great britain. it was part of china. it was returned to china. and when you have a years worth of riots in the street, which are being heralded by the united states by britain, no one says any words about it, there's just kind of tough. tough isn't a terrible candidate. so you know, you, you want

anyone who does not comply with the basic law of the hong kong, special administrative region and who was not loyal to that same administrative region will not participate in the election that ensuring the patriots rule hong kong. good to hear from me, keith ridgeback, who's director of the university of hong kong journalism and media studies center. he explains what the votes actually means it's. it's significant only in the sense that it adds on some members of this committee that's going to be in charge of selecting the next chief executive. if i use the word selecting, that will be electing because b j will do the selection. and they will also 40 members of the expanded body, which will be rounded out today will go on and serve in the legislature because beijing is basically added 40 seats on the legislature. so members of this group today will be going on to serve in this new expanded legislature. the thing to understand this new election committee is it's called, we'll have 1500 members on it. but today, only 364 of those seats are being actually contested today. so most of thos

they beat hong kong to the punch. a -- more liberal than earlier expected? >> exactly. the rules are more liberal or less strict after they consulted with the market participants. the minimum market caps will be $150 million singapore, exactly half of what was initially proposed. in singapore, those will be detachable. also, investors will be allowed to redeem shares. in short, it's a more relaxed set of rules than initially expected. >>>> many markets have been booming this year. how's the ipo market in singapore so far, and will this new set of rules help? >> the singapore market has not really been booming compared with the region. as you mentioned, the global ipo's are at record highs. in singapore, we've only seen three ipo's. less than $250 million. the stx itself issued a dollar bond. the company is looking for acquisitions. it has not been great, but this set of rules will help. stocks have been listed in new york this year. they've raised $700 million. we've seen sponsors working on deals to be listed in sing

hong kong toppling -- hong kong topping new york and london, collecting 26% more than london's west endersus $189 when it comes to occupancy costs. at the center is hong kong land, the central business districts. -- central bistro -- the central business district's biggest landlord. we spoke with the ceo about the impact of social unrest and pandemic restrictions on the city's commercial real estate demand. guest: obviously the macro environment is something we deal with on a regular basis. in reality, we do not see the leasing demand subsiding at all. what we see is a lot of corporate's are elevating and going back to quality. they are removing and going back to quality premises, which is what we offer. >> travel has obviously been restrictive right now, and people cannot travel around the world. how difficult is it for you to strike these new contracts and get more people to lease your properties? guest: like i said, we have found them -- we have found the market is quite vibrant and resilient. we have seen a lot of clients upgrading and coming to talk to us in terms of facilities. so

thus ensuring the patriots rule, hong kong, hong kong, as largest opposition. trade union is going to disband, fall in china's intensifying crackdown and dissent. the confederation of trade unions decision comes after the probation newspaper accused of pocketing funds from farm labor groups. many pro democracy activists are being charged with colluding with foreign powers under china, sweeping national security law. several other civil society groups have also disbanded this year. hong kong consideration of trade unions has been continuously attacked by pro government media where psychologically prepared for this after the disbanding of civil human rights front, hong kong professional teachers union and other civil organizations under the slit a situation to c t. you may not be able to continue our work anymore. we feel that our members, personal safety will be threatened if we continue to run the c t. u. embattled chinese property developer ever grant has offered to pay back some of its investors with real estate companies being struggling to raise funds to pay debts. estimated at $3

but people are concerned about hong kong.xtra backdrop here is that on the other side of the world not in europe but on the u.s. we have seen the s&p 500 trading really, really badly. we're seeing futures very heavy there this morning. the sentment be quite lower in europe. dani: it's been like 40 days since we've seen a 1% move or higher in the s&p 500. this is perfect time to use crypto as a hedge. but we're not seeing that bit coin down about 4%. i mean works can say what's moving it but not acting as a ballast in this storm today? mark: you tell me what's beginning on there, dani, i've seen athryeum getting hurry today. it is a broader crypto sector that's getting hurt. it's not crazy. but it is notable that it is not a fran: the storm. everywhere people are deleveraging. that's the real driver. >> at what point does it become a fire snail certainly something frightening for global markets? thanks for spending the past hour was. seen from will be joining us for the market open which comes to you in about five minutes. at

the students in hong kong — in your plans. the students in hong kong at _ in your plans. students in hong kong at some of the - in your plans. the students in | hong kong at some of the first to use the device to grow edible insects. they have been making bug burgers and learning that can become burgers. mr; that can become burgers. my favourite that can become burgers. ij�*i favourite thing that can become burgers. ii favourite thing is that can become burgers. ii1 favourite thing is eating them. it is crispy and the flavour is like peanuts.— it is crispy and the flavour is like eanuts. ~ , ., , like peanuts. like peanuts! has it made you _ like peanuts. like peanuts! has it made you think— like peanuts. like peanuts! has it made you think about - like peanuts. like peanuts! has it made you think about the - it made you think about the environment and about animals more? , , , more? yes, because the new worms use — more? yes, because the new worms use less _ more? yes, because the new worms use less than - more? yes, because the new worms use less than cows . more? yes,

hong kong is the tail wagging the s&p 500. we are seeing a future session off by about 7/10 of a percent. hong kong looking especially week as well, there is the ever grand prize. iron ore down 6.5%. a china story, but a different china story given some of the space from the industry. let's focus on what we have been discussing this morning, and that is the risk of contagion from china's evergrande. let's bring in stephen engle, in hong kong. dramatic morning, why are things coming to ahead so acutely? stephen: it really is a confluence of many different things. there is nothing new per se on the evergrande story. we knew they had their bank loan interest payment today and we knew they would not make the payment because the government told the state bank that would not happen. we don't know what is going to happen with the dollar bond and onshore bonds that have the coupon payments due more than $100 million worth of this thursday. that's where that is coming to ahead. monday and tuesday this week our holidays in china and we

what we see is overtime, the gradual erosion of hong kong and democracy in hong kong. that has become more exacerbated in recent times. i think it is back to positions you have held. there is no single way the u.s. and u.k. coming together can snap our fingers, but it is about coming together, not just us, but other countries around the world, to take action on issues with china, to just constantly be pushing this message and showing the concern we have, taking up the issues. i remember when i was p.m. i use to raise human rights issues for example with them. even if you don't appear to be getting anywhere, you should not be silent. >> it is a challenge we face. there are issues between china and the u.k., china and the u.s., china and regional countries. we have the south china sea, we have global issues with china, and what they have done to the uighurs in western china. we see chinese influence in international institutions with the who, the wto. the question is, how do we deal with china? can we do a better job shaping their rise so it is within this international

reporter: the hong kong alliance is one of several pro-democracy groups targeted by hong kong's nationalecurity law, one that beijing has been using to stifle dissent as it tries to remold hong kong to its own authoritarian image. anchor: next, a new report outlines how covid-19's devastating effects extend beyond the virus itself, the huge demand in resources and manpower that has impacted the fight against other infectious diseases. the global fight against aids, tuberculosis, and malaria says the results have been catastrophic. reporter: as the world is focused on covid-19, other infectious diseases continue to take lives across the globe, by the hundreds of thousands. tuberculosis remains the world's deadliest infectious disease, killing some 1.5 one million people just last year. -- 1.5 one million people just last year. it continues to spread across the globe, and for the first time in 20 years, the fight appears to be losing ground. >> so many lives, so much effort over so many years, so many billions of dollars have been spent to get us to where we are today and we can see all of

the more i had on the news are including polls are held in hong kong. will explain by only a select group of people can vote in space. x makes a splash. the 1st all civilian space mission returns after 3 days in orbit. and the german champions are in 7th heaven with their latest leave. when that's coming up with jones fort ah. was more followed over to streaming as cancellation of a multi $1000000000.00 submarine contract with franz french presidency manual. my call is due to talk by phone with us president joe biden, across is expected to demand a clarification about the new indo pacific defense part, which resulted in the scrapping of the deal. france was left out of the new alliance between the u. s. stillia and the u. k. please don't, i don't, i don't on the audio president biden asked to speak with the president of the republic, and there will be a telephone discussion in the next few days between them to move forward. because what's at stake with this issue with this crisis, as you said, is a strategic one more than a commercial one. what's at sta

, but, sure, i will buy securities in hong kong, no doubt. >> you will?t if there's an opportunity. >> we'll continue to follow this story. andrew, good to see you again. i appreciate you coming on and talking about this it is remarkable to look back at your report of more than ten years ago talking about this very issue that's andrew left of citron see you soon >>> final trades areex nt. of safety innovations. crash-tested so many cars we've stopped counting. and built our most punishing test facility yet, in our effort to build the world's safest cars. we've created crumple zones and autonomous braking. active lane keeping assist and blind spot assist. we've introduced airbags, side curtain airbags, and now the first-ever rear-mounted front-impact airbags. all in the hope that you never need any of it. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> (vo) at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs. being first on the scene, when every

thus ensuring the patriots rule. hong kong k through richberg is the director of the university of hong kong journalism and media studies santa. he explains what the vote actually names it's. it's significant only in the sense that it adds on some members of this committee that's going to be in charge of selecting the next chief executive. if i use the words selecting, that will be electing because they will do the selection. and they will also fourty members of the expanded body, which will be rounded out today will go on and serve in the legislature because beijing is basically added 40 seats on the legislature. so the members of this group today will be going on to serve in this new expanded legislature. the thing to understand this new election committee is it's called, we'll have 1500 members on it. but today, only 364 of those seats are being actually contested today. so most of those seats were already filled. only a few seats were contested, for example, and they've divided these do what they call some sectors. for example of the architecture, some sector, there's 17 candidates

as well and there have been plants that neil would come back to hong kong.it $2 billion in new york? deutsche bank analyst saying we think it could reflect further delays in hong kong listing process. they are saying they are going to boost cash holdings amid these supply chain disruptions. we all know the auto industry and dv companies are having trouble procuring enough semiconductors for their cars. this could be a cash crunch ahead of a potential delay in hong kong listing. we have to dig into the story further, but one that will likely be going forward because this was a pity -- pretty big drop overnight. >> stephen engle with the latest. let's get more context when it comes to china's crackdowns, particularly pertaining to tech giants, available online at the bloomberg technology channel on youtube. the former australian prime minister says the -- crackdowns -- xi jinping ambition to maintain power. he served as prime minister in one of the lowest points with u.s.-australia relations. he spoke with andrew brown. >> this tech sector has different reputa

hong kong is very close to macau.has a very established convention and exhibits in. -- exhibits in. -- exhibit should -- exhibition. david: in studio city, they had the bat man ride. i think they just wanted to diversify away from casinos. what are the risks looking ahead? just broadly speaking. can they do it? >> the latest crackdown, acknowledge means companies may be required to invest in those areas they are not familiar with but it also may further affect the vip sector which is the high-stakes sector with a lot of high rolling gamblers and china has been cracking -- cracking down on the sector over the past decade. right now it accounts for about half of macau gaming revenue. analysts are saying the future of the sector may be further constrained after the crackdown this time. correct there is no turning back it seems. coming up, the biden administration may use a cold war era law to force company to share inventory and chip sales data. we have more details ahead, this is bloomberg. ♪ >> nothing groundbreaking h

it keeps flooding into hong kong.is a success story any way you cut it for beijing in terms of capital flow. we're watching for any science of capital outflow. no signs yet. the hong kong dollar is very strong. the money coming into equity funds. this is a city where if you're talking about inequality, this is evident here. it was one of the things that we blamed for the protests that started in 2019. the extreme inequality here and you're talking about property, property is so expensive here. hong kong regularly tops the lists of the world's most unaffordable cities. if you're rolling out a common prosperity campaign in china, how will this play out in hong kong and what does it mean for property tycoons in the city? tom: it is a key issue isn't it? in hong kong and mainland china. investors are trying to find some transparency on in with clarity. is there a theme this invest coster hold onto? you have the credit suisse common prosperity market. how do you invest in this environment? >> yes. you were talking with my

raising up to $2.8 billion and a new share in hong kong. 130 million shares on the hong kong stock exchange just over 22 u.s. dollars each. it plans to use the sales i'll see to redeem this. >> it is a holiday. let's take a look at some of the movers today. what are you watching? >> the worst stretch of five days in a month getting dumped on hong kong. this is a make or break moment, and may be approaching after a 17% drop. strategists have cut their target. this with the double whammy of macro weakness. this is a top china forecast. this will come in near zero this quarter. that could mean the annual growth may follow health -- may fall below 80. >> coming up, we will speak exclusively to one of the roles largest tollroad operators after the company's a billion-dollar deal. scott charleston joins us and the next hour. canada's derivative exchange is extending its hours for his client in asia. they see growing demand in the region. that is it from daybreak: asia. the market coverage continues. standby for bloomberg markets china open. this is bloomberg. (announcer) looking for a better way

thus ensuring the patriots rule, hong kong still in hong kong and its largest opposition. trade union is going to do span following china is intensifying, crackdown on descent thing. confederation of trade unions decision comes after a pro, begging newspaper accusative, pocketing funds from foreign labor groups. many pro democracy activists have been charged with colluding with foreign powers. under china is sweeping at national security low. several other civil society groups have also disbanded this year. embattled chinese property develop ever grant has offered to pay back some of its investors with real estate. the company has been struggling to raise funds to pay debt estimated at $300000000000.00. they have been protest outside its headquarters in change and with angry, demonstrated storming the building. the property developer has been facing unprecedented difficulties, but it's dispute, but it disputes rather reports, it's on the brink of bankruptcy. ever. grant has become the world's most indebted real estate company. and struggles have raised consent across markets globally.

sophie: i am sophie kamaruddin in hong kong. shery: good evening. i am shery ahn. our top stories this hour. in addition stocks look set for a steady start after a volatile down wall street. traders are weighing risks from china to the global recovery. evergrande looks to calm angry investors. the debt ridden developer may offer discounts in its repayment plan. the imf's christin -- japan's leadership race widens. the former communications minister is seeking to become the country's first female prime minister. paul: the big story in australia at the moment is that the alliance with the u.k., the u.s., and australia to give australian your submarines, obviously, that has upset the fans, who had a $90 billion deal in place with australia to provide new conventionally powered submarines. one says france has been stabbed in the back. another former prime minister saying that those subs could have been retrofitted anyways so some questions over that. further muddying things, china wants to join the cp tpp so it will be interesting t

short term there will be more toward hong kong.ong-term, it will be a balanced approach. anna: let's get a bloomberg business flash. >> paramount has delayed the release of the top gun sequel into next year as hollywood continues to wrestle with the pandemic that has kept people from theaters. the film, starring tom cruise, was expected to debut in november and is instead moved to may. the company wants to release it exclusively in cinemas. wells fargo pushed back its return to office plan by two more weeks to mid-october. the company, which has most employees of any u.s. bank, will start bringing back staffers who have been working remotely starting october 18. apple has resolved the wrong letting dispute with -- long-running dispute. many developers will no longer have to pay an app store commission up to 30%. the change is part of a settlement with the japan fair trade commission. apple says it will be implemented globally early next year. that is your bloomberg business flash. anna: thanks very much. the latest ftse makeover ha

chinese estates expecting to see a nine and a half billion hong kong walked out hong kong dollar laws the cash in hand is only -- is this the start of a domino effect for every one in anything that is closely related at all with this company? >> i see this as more idiosyncratic than systematic. to be sure, there will be spillover effects in the capital markets. we have already seen high-yield bonds trade down anywhere between five to 10% depending on how closely related they are to evergrande. the investment grade property names which are lowly and well-managed continue to hold in relatively well. as for second order effects, i think the chinese government has broadcast the fact they are aware of the potential fallout into the financial system and they have injected liquidity. they need to explicitly broadcast their intention. shery: i was going to say the pboc injecting liquidity, could that be seen as broader parts of the market operation or should we take away more from what that could imply? >> it is difficult to do a direct attribution in terms of what central banks do but in thi

did the ccp pressure say we are not standing with hong kong, do we stand can hong kong?ry: the simple answer to the last question is statement that secretary blinken put out is true. the united states must stand with the people of hong kong, always, we must demand that rightful place, that the chinese communist party had agreed to for 50 years be restored. doesn't appear that's where the chinese communist is headed but the united states must continue to stand strongly with them just with the people of taiwan. i don't know if it was the craziness that can happen inside a state department's bureaucracy. i certainly saw that. i can't tell you what the challenge but substantive matter that we stand with the people of hong kong should seem pretty straightforward. maria: yeah, as the global times, the mouthpiece for the ccp is promising that the u.s. is going to see another terrorist attack on its own oil in a different tweet. why was the state department running this afghanistan operation and not the u.s. military? i know that under your watch, you created a special unit that

it is a question that everybody in hong kong is asking. far will it spread in terms of what will happen and will it have an impact on the property sector as well? they have payments due this thursday and everybody is keeping and i out. so far, the government has said little, if anything at all about ever grand jonathan: that is the issue. last week, it was expected to miss. can you walk me through the discussions on the solution so far? what do solutions sound like? >> we know that they have been local advisors appointed to this. we do not yet know or have clarity on what kind of solutions will be offered, but the appointment is clearly very firm. on the repayment this week, the question is whether or not that would count. there are those who argue that if they do not make the payments, it does not necessarily mean a deep hole. the question becomes, at what point will be get a signal from the government in terms of how far or how deep they will let this go on? the first time we get some signals from the government, it will indicate where t