we ta ke we take you now to hong kong. we wa nt to we take you now to hong kong.ch at the city's foreign correspondents club. that might have gone under the radar but has in fact drawn global attention, because of attempts by both beijing and authorities within hong kong to stop it. the city's former leader cy leung — here on the left — wrote a letter urging the club to revoke its invitation to andy chan and, in what seems a veiled threat, he reminded the club that it pays just a "token rent" for its building. he also likened the invitation to giving "criminals and terrorists" a platform. the current chief executive of hong kong carrie lam also urged the club to reconsider calling the decision " regrettable and inappropriate". still, despite this, the club the fcc says it values free speech and the talk went ahead. so this is some of what mr chan had to say: the hong kong national party, it all started in 2016 when my friends and i founded what was truly the first political party that had hong kong independence clearly stated as one of its central goals. due to th

the hong kong listing rules also more potential corporate candidates to list in hong kong, so that isng. overall it is good for the hong kong market. we will have to see a bit of the survival of the fittest. >> some companies are thinking twice before going public. we saw even china tower, beigene were not 100% sure they would go public. there were options they would shelf until after the summer or later in the year. we think that is the same thinking that companies are about to do the same are doing as well. >> i think a lot of the issuers now when they started this process nine months ago come it about whetherpate they pulled the trigger or wait. a varietyere will be of decisions, but if they were standing here today and deciding whether to issue more equities, i think the valuation consideration may make them pause a bit. rishaad: just tell us who is in the pipeline for the next few weeks and we will get wendy's thoughts on those. >> the next three weeks, we will see more biotech. rishaad: you will get more companies with no earnings, no drugs. >> exactly. people coming to the mark

let's get the context because his party is not that well supported in hong kong. yes, let's be clear, people who support independence in hong kong are not the majority. he is the leader of a very small political party. they have dozens of supporters. there really is not a

a lot of the material that arises in hong kong is exported to third world countries . where it often gets disassembled in a very cold state and that's one of the principal concern we should not be exporting. like. hong kong is not only one of the richest and most consumer friendly cities in the world it's also one of the largest producers of electronic waste every hong kong resident throws away almost twenty kilos of old electrical appliances every year most of it's collected by small businesses some products are resold as used equipment but a large part disappears on the international waste market for a long time the metropolis was an important trance shipment center but that's all about to change every hong kong citizen can have their garbage picked up by alba free of charge the manufacturers have to pay the bill maleo should so supervise the planning and construction of the plant with its one hundred forty employees he's not only had to make sure the garbage was disposed of properly alba must also ensure that electronic tracking makes it possible at all times to tra

in hong kong, i am rishaad salamat. and i am sophie kamaruddin come life from the hong kong stock exchange for a trading debut. it is the first live tech company to take advantage of the newest --. ♪ rishaad: just checking on equities, climb being and breaking the losing streak that we had, we have a bit of an uptick taking place. like, ftse it looks china, features are looking about a half percent higher. nasdaq also on the way up, no doubt led by what has been going on with apple. let us look at the asian. markets, kuala lumpur and taipei, and we have gone alone par as the anomaly, down about .3%. all of this against the backdrop of this standoff between the u.s. and china. it is something which could be heating up again. will the trump administration propose raising tariffs on $200 to 25n of imports percent, from 10%, this coming hours after signals that the two sides are talking about talks to ease the rhetoric. we go to tom mackenzie in beijing. tom, how much do we actually know here? tom: what we are hearing is th

one of the largest producers of electronic waste every hong kong resident throws away almost twenty kilos of old electrical appliances every year most of it is collected by small businesses some products are resold as used equipment but a large part. disappears on the international waste market for a long time the metropolis was an important transshipment center but that's all about to change every hong kong citizen can have their garbage picked up by alba free of charge the manufacturers have to pay the bill and mario showed to supervise the planning and construction of the plant with its one hundred forty employees he not only had to make sure that the garbage was disposed of properly album must also ensure that electronic tracking makes it possible to trace which devices land where . he's supposed to give it to you as soon as equipment is discovered that may not have been on the market in hong kong but may have been imported we sorted out of mediately and we reported to the environmental authorities who for those of you in the middle of this if you love that's what. their employe

also on the show hong kong takes measures to clean up its not an electric wasting a project that would work throughout asia. to your business news update here in berlin turkish president trichet type has warned his country will boycott u.s. products in response to what he calls make terrorism done by the united states that's a reference to the trump administration doubling tariffs on turkish steel and aluminum the turkish lira a piece to be pulling back a little bit from record loss after the central bank took emergency measures but rising prices are still hurting the people here is more president claims the united states has the lira as retribution for ankara's detention of an american pastor on espionage and terrorism charges washington had already imposed sanctions on turkey and last week announced plans to double import tariffs on turkish elaman human steel since then the turkish lira has lost a quarter of its value there too and says it's part of a plot by the united states to devalue currencies globally meanwhile russian foreign minister sergey lavrov already predicts consequence

yvonne: i'm yvonne man in hong kong. a real change in hong kong.ent in cutting edge innovation reshaping the biotech landscape in china and beyond. our next guest just launched a china biofarma etf. they launched and created this index. this etf now tracks 28 companies, including two reason listings. china's recent vaccine scandal and a host of reforms, is now the right time to invest? let's ask loncar investments' ceo brad loncar from kansas city. thank you for joining us. we talk about the regulatory changes. factors are favorable for the biotech space. development stage is a high risk and high reward type of situation. certainly not a lot of investors will be -- i guess we'll have the stomach to get into this space. who do you think will be interested in this kind of etf? >> i think biotech is the most volatile sector in the stock market. you were on the previous segment talking about the tech stocks, which are volatile. biotech can be even more so as we have seen over the previous weeks, as we've had this trade war issue and the vaccine scandal

i am rishaad salamat in hong kong. this is "bloomberg markets: asia." ♪ rishaad: coming back on, straight times to the downside, 1.3% fall back there. , even though we had that better read on gdp and , not data points engendering satisfaction amongst investors. we have more strength in the yen. when the yen strengthens, markets moving to the downside. looking at china ahead of the open yuan. the market anniversary of the shocked evaluation. authorities have not been able to quell the bearish sentiment. >> struggle city for chinese stocks on this chart. the shanghai composite the most volatile since 2016, trade tensions, rising defaults, cheaper valuations. hasshanghai composite recorded seven straight swings of 1% or more, the longest stretch since the 2015 crash. others,tock market with that has driven appetite for bonds, foreign funds buying on short debt, cheaper hedging costs. we saw slowing as the advantage has waned, overall overseas purchases positive for an 18th straight month. chinese firms have turned to the

should leave hong kong of course maybe even arrest them. which chinese we love our country why are you separating us from china. it's led to fears of this issue being used in a why to attack on press freedom they seem to be signaling the people who have the beijing that they really would like to be much more like the chinese mainland where there are controls and more journalists can do what journalists can say and indeed where they can operate for they doing it support is the word independence has become a red line that shouldn't be crossed the fear for pro-democracy groups here is that a future law may officially banned even mention of it and so rolling back ever further the freedoms enjoyed by hong kong people mcbride al-jazeera. hong kong's government says press freedom is not under threat but discussion of the city's independence should not be allowed. we mustn't forget that concomitant constitutional responsibility to protect safeguard the national sovereignty territorial integrity and national security of the people's republic of chin

ipo market in hong kong, asia, hong kong in particular. third quarter and first part of the happens in the-- third quarter and first part of the fourth quarter. weight inll your performance going ahead? it is really the overall trading environment. it changes depending on trading. the bulk of our revenue comes the actual charges we make on trades. how many people are trading and how actively? how deep, dictate earnings results. second half will be more challenging than the first. rishaad: breaking news. bloomberg and twitter have got together to launch this. the first global news network designed for social media. live video coverage. bulletins verified by bloomberg. do jump on. ♪ our marketstting against each other. the blue chart, the white line, trading volume. that is a huge divergence. that shows people are reducing leverage in stock markets. their risky cut bets. do not want to invest in stocks. about $3t has dropped trillion, you can understand why. the white line shows leverage in the bond market. trading volume at a record. hear t

a leader of a party advocating independence for hong kong has accused china of suppressing freedom of speech both the chinese and hong kong governments wanted to stop and channel from giving a speech at the foreign correspondents club officials are also deliberating an unprecedented proposal to ban chen's party due to national security problems bright has more. protests by pro beijing supporters outside hong kong's foreign correspondents part of it is how do you have their anger aimed at the man speaking inside. andy chan leads a small political party advocating independence from china leading to accusations that he's threatening national security due to the nature of how the chinese propaganda machine works the national party was instantly demonized as some sort of

also on the show hung kong takes measures to clean up its mountains of electronic. and a project that could work for a while jaisha. and the first city in europe to be voted the most livable in the well guess which one. welcome to business turkish president ratchet type ad one has warned his country will boycott u.s. products in response to what he calls economic terrorism done by the us well he's of course referring to the administration doubling terrorists for turkish steel and al minium the turkish lira appears to be pulling back from record lows after the central bank took emergency measures but rising prices are still hurting the turkish people. new stock at last for pharmacy owner move to glue the relief among staff is palpable the loss in value against the dollar has made some products like this medication to fight high blood pressure hard to come by. is the first sign that something was wrong was that we were no longer getting discounts on large orders for around one hundred types of medication you can no longer get. the liver has plunged over the last few d

let's get the view from hong kong.ere is the global head of fundamental equities and emerging-market equities portfolio manager. do you find it unnerving that we see the u.s. stocks within striking distance of record highs and at the time we are seeing an increase escalation in this trade war? >> a lot has been already priced into markets, particularly markets outside of the united states. or you would have expected that as the trade wars did not escalate as much as people thought, there would be a bit of relief improvement in place. we will see what happens when the next $16 billion will be put in play, but overall, we have not seen any real escalation, and that is what the markets are reflecting. haidi: i find it interesting that two out of your top three conviction trades are korea and china, the markets most exposed. is now the time to get in, particularly if you price in the potential for a stronger u.s. dollar, more carnage to come for these emerging markets? fabiana: there is no two ways about it. you either bel

drug maker also expecting to make its debut in hong kong tomorrow. talking of hong kong. supplies seeing profits rise in the first half. gains from australia and mainland china. earlier, we spoke to them about their company's growth prospects amid escalating trade tensions. >> we've had a particularly good first half. the fundamentals in our business are very strong. we're seeing growth here in our home market in hong kong. we're also seeing a need for further investment in australia. and we're continuing to see growth in our core growth markets in mainland china and india. we have seen a particularly good first half. wholesale prices in australia have been quite strong. but the supply and demand balance is coming more into balance. so we'll expect to see some softening of prices in australia. in china, our thermal plans had higher levels of dispatch because there was very little rainfall in china. so less hydroelectricity was produced. so for a couple of factors, our first half was particularly strong. we don't see that carrying through into the second half of this year.

chinese and hong kong governments wanted to stop and. i'm giving a speech at the foreign correspondents club from a private parts. protest by prob aging supporters outside hong kong's foreign correspondents part is how do you know their anger aimed at the man speaking inside . andy chan leads a small political party advocating independence from china leading to accusations that he's threatening national security due to the nature of how the chinese propaganda machine works the national party was instantly demonized as some sort of extremist group due to these single word independence in reality what the national party is chasing after is no different from what many homeowners wish for the dream of democracy although he says he's not guilty of any crime the police have recommended his party be banned if that happens he says it sets a precedent for stifling all debate about independence but there is a very dangerous idea because they can accuse of you people in a restaurant to discuss about independence they say you have the potential to f

demanding greater autonomy hong kong's then leaders c.-y. learned with the target for their anger and his attacks on the foreign correspondents club along with other probe aging figures for allowing chan's lunchtime appearance has stirred up the protests i mean legally i know you asked me the f.c.c. should leave hong kong of course maybe even arrest them. which chinese would love our country why are you separating us from china. it's led to fears of this issue being used in a why do attack on press freedom they seem to be signaling the people to have the air of beijing that they really would like to be much more like the chinese mainland where there are controls the more journalists can do what journalists can say and indeed where they can operate for beijing get it support is the word independence has become a red line that shouldn't be crossed the fear for pro-democracy groups here is that a future law may officially banned even mention of it and so rolling back ever further the freedoms enjoyed by hong kong people macbride al-jazeera u

the dream but there's a serious lack of affordable housing in hong kong at least two hundred thousand people live in appallingly cramped conditions. you know why actually even those people there in hong kong then that not everyone they know about the situation of the poor and then some people that even though we live this shit they have people that have been very well conditions it was new to the german startup founders to know. yeah yeah it we have that measure here but they are a bigger size it's bigger we try yeah i already have it a bit because. it's very different from what he's used to. and you'll be a mentor to all your face is there so there were so many feel face it all for you have earned their us oh yes you have less space because the media story is yeah yeah yeah yeah yeah. tiny accommodations can mean big business entrepreneur eric one presents the street capsule he developed it has wife i.t.v. and air conditioning and it's even said to be earthquake proof the book says a mainly sold to hotels in asia. well how is all i came up with the idea because i'm from hong kong whe

in hong kong land is in desperately short supply big families often have to share tiny flat south of siena says city and a force to pay out rageous rents german tech entrepreneur. explores the world beyond the city's dancing skyline to find out how people deal with the cramped conditions both at home and work. for a human. and the brain so it's like as if you would be the person being. this photos it's like you can really imagine. being in the screen. this is kind of. you know life in hong kong behind the facades of the skyscrapers lies in shadow world entrepreneurs for just that's not has been traveling through asia talking to people about the global phenomenon of otherness ation. a social worker has brought him to the. so part one block which the landlord has subdivided into minuscule you know there's barely space to move. sometimes he has some smart people and i want to make them sitting. there rent amounts to over one hundred eighty year is a month can i ask you how big this room is this is the less than thirty square feet it's yet. to go for the longest and i think it's pretty h

life in hong kong behind the facades of the skyscrapers lies a shadow world entrepreneurs just steps not has been traveling through asia talking to people about the global phenomenon of otherness ation. a social worker has brought into this apartment. block which the landlord has subdivided into miniscule units there's barely space to move. sometimes he hears some small people all the men sitting. there rent amounts to over one hundred eighty years a month can i ask you how big this room was this is the less than thirty square feet it's yet. to go for them but names on it so i think it's pretty hard on the thirteen year old son he realizes the situation is difficult i mean it's you he told me it's all good with his friends and because you can't invite them home to three square metres of space at all. threw it out leads to social problems for like getting down to business of themselves guns and free me. he can't just bring his friends home in a normal white to play computer games say been on the computer get on the. other bus my dogs and what we're seeing here is the effect rental pri

we go green in hong kong! but it's alex's team—mate sam who wins the race. sam wins in hong kong! race of the season! as we go green in hong kong once again, through the final corner, out on the road, who has got the best start and who's going to know where to brake? alex lynn is in fifth place... and it is technical problems that hold alex back. sam bird in 6th because alex lynn ran into trouble. is it technical problems that have put alex lynn in tenth? he must have run out of energy because he was crawling over the line. before every race, the drivers use a simulator to practise driving on the upcoming track. it's a chance to get to grips with the tight twists and turns that come with a street track. we had ourfirst race in hong kong. that went well. we got two points—scoring finishes. it wasn't the dream scenario but i think it was a solid start for the whole team. alex's engineer talks what went wrong with them in hong kong. the problem is we had an energy problem which means alex ran low on energy in the last lap and unfortunately dropped some positions before getting to the

seeing stocks lower in asia and hong kong. the yen is gaining ground in this risk -- risk off environment. andpboc race the fixing traders in the yuan with the spot seen around 11.20 against the dollar today. when it comes to stocks to watch on the mainland, we're seeing tesla gaining ground on the carmaker's plans to invest $5 million in a local factory. look at the laggards. in chinese stocks, oil under pressure. morgan stanley lowering that segment on concerns. stocks undero pressure. a disappointing report card when it comes to profit decline and drop in revenue. we also had -- casino revenue coming in lower than forecast, hitting stocks probably. haidi: sophie, looking at movers today in a down session so far in asia. let's get the first word news with paul allen. paul: starbucks is teaming up with alibaba on coffee and food delivery in china. it will work across the alibaba pay.stem, including ali it will start with the food platform in beijing, expanding into 2000 stores by the end of the year. the two are working toget

in hong kong, the hang seng set to snap a decline.sting the benchmark over 2%, amid talks that google is said to be in discussion with tencent and other tech firms to offer cloud services. when it comes to earnings, them note from morgan stanley saying and energy -- energy, materials, this means the most positive profit warnings and onshore and offshore. the offshore yuan trading at $6.85.6:85 -- i want to highlight this, given the pboc's shift where it is easing overnight funding costs. that has hit the lowest level since december 2015. rates falling further while chinese bonds may extend their value. haidi: thanks, sophie. our next guest is bullish on chinese stocks, a rarity these days. he says the 20% upside over the next three years. ok-hoi. he is wong k is a fund manager. great to have you on. what drives the optimism in the face of persistent decline? we haven't really seen consistent upside for chinese markets over the past few years. market seems to have, seems to be discounting a full-blown trade were between the u.s. and ch

arrived at the territories foreign correspondents club to give a speech with the chinese and hong kong government wanted the event cancelled now last month the police put forward an unprecedented proposal to ban chan's party for national security reasons due to the nature of how the chinese public machine works the national party was instantly demonized as some sort of extremist group due to these. independents in reality what the national party is chasing now there is no difference from what many homeowners wish for the dream of democracy and now as you all know the government is trying to. complete the calling us an illegal society. our correspondent rob mcbride is live for us this hour outside that foreign correspondents club in central hong kong joining us live what's he been saying. that's right andy chan the independent advocate has indeed now left the building peter his speech wrapped up a short time ago it's lunchtime here early afternoon in hong kong these lunchtime news events happen quite often here this it's been a fairly regular scheduled event and suddenly and the chant f

is all argument with the idea because i'm from hong kong where the room is a really small. the whole site i asked myself how there's no rooms could be made more pleasant especially in the evening and a lot more how the active imagination as a kid i used to much i'm flying to space for with calculus the first version of the bad cops there was very simple. language and i developed it and this is the latest generation almost all the devices in the mobile phone are so i suppose. i don't just make the parts money. i give you a chance to tell me that this is your new school i have a life. already and this is exactly what we have right now. vicky chante to school children on a voluntary basis about architecture in urban planning for each of those along to attend one of the lessons. the architect wants to encourage the children to come up with their own designs for living solutions. and one in connecticut and that the children have so many great ideas this is a lot of them are realistic but still it's good and healthy to question things that have always been the same but auto targe

in hong kong, i am rishaad salamat. tesla jumping as younger investors to english. -- investors stay bullish. this is "bloomberg markets: asia." ♪ rishaad: looking at what is going on. taiwan starting the session. let's look at what's happening. stocks edging up. this after the s&p hit an intraday record high. a picture for equities in taiwan. looking elsewhere. haidi: it is all political risk at this point. a quiet day in asia. we had dollar-yen at the two-month low yesterday. , butw a recovery overnight has taken a step back when it comes to the political risk from a double whammy, the longtime lawyer for president trump and paul manafort. these decisions coming in within moments of each other. michael cohen pleading guilty. his counsel naming trump as having directed him to commit a crime. , a juryt the same time convicting paul manafort of fraud, the president says manafort is a good man and he feels badly for him. this has nothing to do with russian collusion. this started as russian collusion. this has absolutely

i'm in hong kong.at the latest business flash headlights -- headlines, they will stop making household appliances in japan. the company will and lcd tv production -- and lcd tv production and stop making refrigerators in osaka in fiscal 2019. production will move elsewhere with sharp japanese planes on a high-value electronic components. it to be cheap profits on the first quarter. a slumpan made up for in trading. climbing to $2.8 billion to the end of june. the point -- the bank is keeping its target of $7.5 billion. the rebels are under pressure as a bank of japan stimulus program squeezes margins. -- india's oil producer up 50% in the risk order, reaching a four-year high. up $95 million. that was below the average estimate of $975 million. up almost 70% in the period. we are going toward the open in hong kong. 1%.res up 2/10 of -- they take ars stake in the company. we also have someone talking about that because companies in ck groups seeing earnings rising. a positive start to the tenure. victor

let's bring in enda curran in hong kong. has the same effect as a rate hike. >> exactly right. the current benchmark cash rates, what they are doing is there is an overnight rate, which is of a higher charge antedating the cost of money, there's a feeling that if he goes step further they could force an emergency, so you could effectively have a kind of act or rate hike, which is all part of a push by policymakers to try to get some support on the lira, which has taken such a hammering. and of course there's no sign of circuit breakers insight. of like policymakers doing what they can with what they are given. that there a possibility it gets taken away and we move up higher? >> the thinking is if the currency collapses we need some support, and if there's complete opposition to raising interest rates as the president has outlined then they may have to look at other options and this is why analysts are looking at a backdoor option for central banks to get rates higher. maybe a circuit breaker could be ,oming in terms of the

midday in hong kong.the radar, and toyota gaining ground after its first quarter. analysts positive about the report, but somewhat of a volume cut. dissolvinghis -- is a relationship with another company. we're also watching nissan, they have agreed to sell its electric car business to china. samsung on the radar, gaining about 7/10 of 1%. the company is set to delay its investment plan announcement. the chipmaker saw its shipment to apple tumble. ramy: thank you very much. president trump meantime has defended his use of tariffs, saying later -- saying playing hardball on trade is "my thing." an additional $60 billion in goods could be hit in retaliatory tariffs. tom, trump is claiming to have the upper hand on china. really underscoring what he sees as the importance of introducing tariffs, saying they are working with the eu. this is ang that tactic that will pay dividends in terms of the trade tensions and relationship with china, saying that the global economic foundations needed to be rebalanced in

it has gone to hong kong. why over singapore was hong kong chosen? way the process works, the p.r.a., the bank of england will regulate until the merger. prudential in the u.k.. the regulatory college, the we maining regulators then select who the next regulator is. they have selected hong kong. that is a process where we have input but we don't have a vote in and they are all collectively -- including singapore, in their desires for hong kong and how they will regulate us. when a global business like ours is every local regulatory regime matters and those are stacked up on top of each other. you basically hold double-a capital. -- that 's supervisor, becomes the over all supervisor recovery. francine: what do you with the extra capital? mike: you keep it in the business. it is a good fit for our u.k. business. not a particular good fit for our u.s. or asian businesses. the local regulatory regimes matter more. we want to keep well capitalized strong businesses around the group. we're investing heavily in new sales and technology and new capabilities

should leave hong kong of course maybe even arrest them. which chinese would love our country why are you separating us from china. it's led to fears of this issue being used in a white to attack on press freedom they seem to be signaling the people who have the air beijing that they really would like to be much more like the chinese mainland where there are controls and more journalists can do what journalists and say and indeed where they can operate for they doing it it support is the word independence has become a red line that shouldn't be crossed the fearful pro-democracy groups here is that a future though may officially banned even mention of it and so rolling back ever further the freedoms enjoyed by hong kong people macbride al-jazeera. in response to any chance government says press freedom is not under threat no discussion of the city's independence should be allowed. we mustn't forget that hong kong is a constitutional responsibility to protect so you've got the national sovereignty territorial integrity and national security o

operating media and there has been a lot of controversy here that the former leader of hong kong c.-y. alone has joined calls for the f.c.c. not to go ahead with this event and in fact is also a question whether the foreign correspondents club is a seventy five year old organization here various steam did all the rest should be allowed to have this headquarters here the building behind me in central and that's been seen as a way of putting pressure on free journalist operating here in rome something all right thanks so much robin wright. still ahead on al-jazeera typhoon yankee decimates parts of the philippines forcing falsehoods from their home.

in hong kong, 11:00 a.m. in sydney. mrs. bloomberg markets: asia. -- this is bloomberg markets: asia. haidi: the offshore yuan strengthened as the pboc indicates it will continue to offer support. message outing the of jackson hole. shrugging it off and signals no change in rate policy. struggling noble puts its rescue plan on the line. shares suspended in singapore ahead of today. it is a reasonable start to the trading week here in asia after a lot of political turmoil. we have also had turkish markets returning to trading. looking out again for any emerging market recondition of that volatility. take a look at how it is setting up in asia. they are in a trading hole as the key shareholder vote takes place. downturn for malaysian stocks. a little bit of weakness in dollar-yen. taiwan stock up half a percent. numbers as. trade well as china pmi and industrial production profits coming out later today. some key gauges to see how the s are playingff war' out. extendingrading friday's surge. the pboc is taking action. let's br

complete the calling us and illegal society bride has the latest now from hong kong. protests here in the center of hong kong angry at times and centering on this one particular building this is the foreign correspondents club and this has been the venue for a controversial lunchtime speech by andy chan now he is a little known political figure here but he heads up a party of maybe only a couple of dozen members but they have advocated for independence now this for many of the protesters who've been gathered outside determined to have their voices heard this crosses a red line this is a betrayal of the system of one country two systems that hong kong should always be a part of mainland china and it does seem as though they are thirties here will in the next couple of weeks than this party from operating what is concern many journalists here though is the way that this issue seems to have been used by a number of political figures in particular by a former leader c.-y. long as a way of trying to stifle the workings of a free press or using it as a battering ram against

concern here that is the whole subject has been used by a number of people trying the people in hong kong probe aging forces really as a way of trying to maybe batter free press the journalism of hong kong the hong kong as we know has free media it's the only city in china that has a a freely independent freely operating media and there has been a lot of controversy here that the former leader of hong kong c.-y. alone has joined calls for the f.c.c. not to go ahead with this event and in fact it's also a question of whether the foreign correspondents club is a seventy five year old organization here various did all the rest should be allowed to have this headquarters here the building behind me in central and that's been seen as a way of putting pressure on free journalist operating here and i found something like thanks so much from the bright. still ahead on al-jazeera typhoon yeah gay decimates parts of the philippines forcing falsehoods from their homes. and she's still popular with the people the show first notes of the center of a corruption case against argentina's former president