paul chan will have some tough decisions to make.hub is expected to face a deficit of nearly $13 billion. my colleague monica miller sent this preview. hong kong is still feeling the malaise of a post—pandemic recovery and the impact of china's sluggish economy. its finance chief paul chan has described the delicate balance of boosting revenue and cutting spending. but he's already starting in the red, as public spending outstrips revenue. back in october, city officials said that the fiscal budget ending on the 1st of march could exceed almost $13 billion, the second consecutive year with a deficit. a couple of areas that could be prominent in the budget, one big sector is real estate. property prices in hong kong rank among the most expensive in the world. with the hong kong dollar pegged to the us dollar, interest rates are at a high level. housing prices have lost nearly 20% of their value over the last three years, and that's keeping the potential buyers at bay. a further relaxation of property stamp duties could bring in new sa

hong kong's financial chief, paul chan mo—po, has scheduled to give its annual budget address today.by a corresponding in mumbai. that's a lot of money for a company with financial problems, are investors interested? it's desperately needed for vodafone idea here in india, the network needs a desperate upgrade, they need to expand their 4g network as well and launch 5g where rival the larger rivals like reliance and the middle company owned has already launched 5g in the market and vodafone being the third largest is still not come into the market with 5g and they have been losing subscribers every month. every month, subscriber _ subscribers every month. every month, subscriber base - subscribers every month. every month, subscriber base data i month, subscriber base data shows that vodafone has been losing subscribers to its rivals, essentially for the reason that the network has not been upgraded, that has been a lot of complaints from the customers and that needs a fix. and for that, they need to have, the need to raise a kind of money because of the heavy debt on their books, ra

country garden did see it when it came to that stock and any sort of signs we are going to hear from paul chann this budget to revive the property market is front and center here in hong kong and we are seeing the tourism sector to watch signs of supports from the governments and you are seeing the property developers and but that one is down and new world development. this is bloomberg. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. >> i love it. i love it. >> he responded to this comment on what the best item was on the menu. and i'm reading it. so good. 10-10. double burger with egg. great texture. strong showing. >> and mcdonalds. >> wasn't my idea. >> i think you have me sold. and some tweets about crean bar be korean barbecue. and so there is the seoul trip and the prewedding and the biggest prewedding of the century:and if you look at the guest list of this, it is dream, dream. and how a

paul: all right, senior analyst francis chan there. have more on hsbc's learnings later wednesday. will discuss that at 1:30 p.m. hong kong time with known coin. 5:30 a.m. london. here are some corporate headlines we are tracking this hour. china's two main stock exchanges have frozen the account of quant hedge fund for three days after the partnership dumped $360 million worth of shares within minutes on monday. the move disrupted normal trading order. the ban as the latest move to reverse the slump in the stock entering a fourth year. citigroup's ceo's pay was raised to $26 million in 2023. awarding her $1.5 million in salary and $24.5 million in stock base and cash incentive awards. she initiated what's billed as the largest reworking of citigroup in decades to make the firm more competitive. last month the bank said it would cut 20,000 roles in their bid to boost returns. bloomberg has learned they have found the whole of $241 million in the accounts of zee entertainment. the amount as some 10 times more than initially estimated by

, that there is now t mind now there i chance it could happen.s a chan could >> 48th mass shooting in 45 hap. >> the 4 days.8th mass paulalyssa, thank you for being here and sharing your story with us. shooting in >> we appreciate it. heydays. paul and alissa, thank you for bein >>> also this morning, the headg of the house intelligence your story with us. >>> also this morning th committee is sounding the alarm of the intelligence committee is sounding the alarm o on what he says is a serious n says is national security threat.seriou secu sources telling nbc news it is . sources telling nbc news it is related to related to a potential russian n nuclear weapon designed to be nuclear weapon designed to used in space. nbc's ryan nobles joins us with more on this, ryan, good be used in space. nbc's ryan nobles joins us with more on this. morning.good morning. >> >> savannah, good morning. sava. this cryptic warning by the chair of the house intelligence committee led to a scramble on this cryptic led t capitol hill.o scramble now officials say there's no o capitol hill. imminent threat, but the warning officials say there'

paul, i'm not sure they're really changing fundamentally l really changing fundamentally anything they said up until now, the americans. what's been the response from the israeli side?— from the israeli side? there's a chan in the — from the israeli side? there's a change in the sense _ from the israeli side? there's a change in the sense that - from the israeli side? there's a change in the sense that this i from the israeli side? there's a change in the sense that this is| from the israeli side? there's a - change in the sense that this is now tanguage _ change in the sense that this is now language that the us is proposing to put language that the us is proposing to out to— language that the us is proposing to out to the _ language that the us is proposing to put to the security council. so, it takes _ put to the security council. so, it takes it _ put to the security council. so, it takes it beyond the white house, and now to _ takes it beyond the white house, and now to the _ takes it beyond the white house, and now to the security council. there is a key— now to the security council. there is a key phrase in this draught text — is a key phrase in this draught text "as _ is a key phrase in this drau