>> patrick wong. i am here in san francisco over 40 years. i know rose pak personally over 35, 36, 37 years. the first time i met her, i like her. ever since when i find the real personality, i regret sitting at the same table with her. to to many, many of my friends, cousins and uncles. they tell me to be careful with this person. how can a station so great be named for such a person? chinatown. rose pak is a liar. >> next speaker, please. thank you. >> one more? >> no. not a 10:00 to 5:00. next speaker, please. >> no, no, no rose pak, please. >> we understood you the first seven times. next speaker, please. >> i am stephanie lee. [ speaking foreign language. >> my name is stephanie. many rose pak supporters want to take off that no one is perfect. we are not talking about parking tickets. we are talking about a person investigated for corruption and defrauding the city of san francisco by the fbi. someone accused of abuses in san francisco residents of terrorizing chinatown merchants are death threats and a likely agent of the chinese gover

paul: bloomberg intelligence senior asia real estate analyst patrick wong. shery: here are some key invest -- events investors will be watching. china's data dump will kick off a busy few days on the economic front with markets looking for any signs of stimulus asian -- stimulus in the world's largest economy. the main event will be on wednesday with the fed's rate decision. markets are expecting another 25 basis point cut. they are growing increasingly worried that policy makers may be less dovish than expected. the central-bank action continues on thursday with a number of other decisions do. the boj faces a dilemma on whether it should term -- turn on stimulus again. the bank of england is expected to stay on hold as the governor ways the latest brexit twists and turns. plenty more ahead on daybreak asia. this is bloomberg. ♪ shery: this is daybreak asia. the people's bank of china is poised to become the first major central bank to issue digital version of the one. -- yuans joining us now from hong kong is the cofounder and ceo. thank you for joining us.

wong >> jenny seu kueng low wong >> siu cheung wong >> marvin rogers woods. >> james j. woods >> patrickds joh>> n bentley works >> martin michael wortley >> rodney james wotton >> john wright >> john wright >> john wright >> sandra wright neil r. wright jupiter yambem >> and my wife, debbie caplan. >> and my broeshther, michael al trinidad. we love and miss you. >> suresh yanamadala matthew david yarnell >> myrna yaskulka >> shakila yasmin >> shakila yasmin >> olabisi l. yee >> kevin w.yocum. >> kevin patrick york raymond york >> suzanne youmans >> barrington l. young >> donald young. >> edwin young jr. >> jacqueline young. >> elkin yuen >> joseph zaccoli >> adel agayby zakhary >> arkady zaltsman >> edwin j. zambrana jr. >> robert alan zampieri >> mark zangrilli >> ira zaslow >> kenneth albert zelman >> abraham j. zelmanowitz >> zhe zeng >> marc scott zeplin >> jie yao justin zhao >> yuguang zheng. >> uivelin ziminski >> michael joseph zinzi >> charles a. zion >> julie lynne zipper >> salvatore j. zisa >> prokopios paul zois >> joseph j. zuccala >> andrew steven zucker >> igor zukelman

wong. martin roger once. richard herron woodwell. patrick j. once. john bentley. david absolutely. rodney james watson.n doubled you write junior. william retired. neil robin wright. and my wife. >> and my beautiful brother michael angel trinidad. we love you and we miss you.el john yamnicky, senior. vicki yamnicky yancey. matthew david yarnell. olabisi shadie layene yee. kevin w. yokum. edward p. yorke. kevin patrick york. raymond are york. suzanne martha youmans. leroy young, junior. donald macarthur young. edmund g. young, junior. jacqueline young. lisa l. jan. elkin yuen. joseph zaccouli. adel agayby zakhary. edwin j. zambrana, junior. robert allen zampieri. mark zangrilli. christopher zarba, junior. ira zaslow. kenneth albert zelman. abraham zelmanowitz. martin margolis zempoaltacatl. the zhe zeng. marx thought zeplin. jiji ya zhao. michael joseph zinzi. charles allen zion. julia lynn zipper. salvador j. zisa. paul zois. joseph zuccala. andrew stephen zucker. igor zukelman. and my godfather and uncle, sunflowers make me smile the way you made me smile and you continue to make us smile every time y

patrick say. >> kathleen shearer. >> robert m shearer. >> linda june sheehan. hagay shefi >> antoinette sherman. >> john anthony sherry. >> atsushi shiratori >> mark selman. >> c wong>> clarendon schwartz. >> joanna sigmund. >> diane signer. >> gregory sikorski >> david siller. >> craig silverstein. >>nasima simhee >> diana simmons. >> donald simmons. >> diane simmons. >> george w simmons. >> arthur simon. >> kenneth allen simon. >> and my uncle chavez. this is my second time reading for you. i hope you are proud of me. i never met you before but you will always be in our minds, hearts and everyday lives. i know you are watching me. i love you. >> my and margaret -- i'm honored to share my middle name with you. i strive to continue your legacy. your family loves and will never forget you. [applause] >> michael j simon. >> paul joseph simon. >> marianne simon. >> barry simowitz >> james louisesimpkin >> jeff simpson. >> cheryl simpson -- sincaulk. >>khaladai singh >> thomas sinton. >> peter syracuse. >> muriel cisco polis >> joseph sisolak >> john skalla >> joseph skidmore junior. toyenaskinner. >>skrzypek paul >> christopher paul slattery. >> vincent slaven. >> rob

bloomberg intelligence analyst patrick wong has been looking at this.verely are the protests hitting the hotel business? i think interestingly we see the protests last for three months already, overall we see the hotel occupancy rates coming down aggressively in august we see 50% or 60% occupancy compared with last year 90%. so far some hotels here in the past recurring income for them. about 1.5 billion or 2 billion of operating income from hotels every year. now it could be a huge decline on that. especially with occupancy rates lower. so it is tougher them. shery: patrick come at your point, retailers have been hit hard. how about are things looking now? -- how bad are things looking now? >> for retailers it is also challenging. overall, visitors coming to hong kong in the past four spending, for retail, for shopping. would see ae decline. in july double-digit down. in august it be down 30%. challenge.r focusing on the tour districts like the wharf and harbor city. 50% of sales for visitors. that will see a decline. for that they rely on the turnover