betty: victor, you mentioned razer which is backed by tencent. out -- or replay of comment from the ceo. a little bit about why he chose hong kong is the place to ipo. >> we thought is a great opportunity to be in hong kong and to be the first tech company to listen hong kong. hopefully to get on. betty: how important do you think that connect is? i think it is very important. hong kong is one of the financial hops in agency. throughy from china, the stock connect and notes can help chinese investors to in hongate -- to invest kong notes. victor, thank you. of course, betty we have been talking about the tech boom. we have look at the fortunes of some of these tech billionaires. -- in just the last couple weeks they have added $5 billion on this global rally. this is a group of billionaires index which tracks the 11 tech billionaires in china right now. $187 billion in total. the latest to cash and has been the net e ceo. betty: indeed, i'm looking on still a way rich, to go to get to jeff bezos of amazon. almost 100re was billion dollars. pretty

and videogame equipment maker razer jumps as much as 41.5% in hong kong debut, according to bloomberglet us know what you are spotting online. use the hashtag #bbcthebriefing. up next: news briefing. gun owners in england and wales are being encouraged to hand in their weapons to the police, as part of a two—week—long gun surrender scheme. people giving up their firearms won't face prosecution for illegal possession, but could be questioned if a gun is found to be linked to a crime. the initiative comes after recent statistics suggested that crime involving firearms has increased significantly in england and wales since last year. sima kotecha reports. handing yourguns and handing your guns and no questions will be asked. that is what police forces across england and wales are calling upon people to do. last firearms surrender in 2014, when 6000 handguns, rifles and imitation firearms were handed in. it is targeted at those who may have forgotten about owning a gun, or may be too scared to tell officers they have got one, in case they are arrested. the deal is no questions will be ask

razer soaring on its debut in the past half-hour. i am rishaad salamat in hong kong.dney. coming up, trump tough on trade. he is offering to mediate in the south china sea. this is "bloomberg markets: asia." ♪ haidi: plenty of geopolitics and traded today. big bang the this news from chinese regulators, saying they plan to open up the financial system when it comes to banks and insurers and brokerages to foreign stake holdings. this is chart 6825, nothing spectacular, but does tell the story. we had the foreign share of total bank assets drop to a record low last year. it is a difficult operating environment when you are a foreign player, so the question is does it draw in global banks to take majority stakes. saying spoke with fitch, there are few global banks sitting on the cash required to , and questioned me why would they want to this stage in the credit cycle has loan growth is coming down? still some dubiousness when it comes to asset quality. is there going to be interest? rishaad: that is just it. time will judge that. returnevels, dividends, on equity pretty

tan min-liang is cofounder, ceo, and creative director at razer, a gaming hardware company at the forefrontlion industry. tan min-liang is today's high flyer. though consistently rated among

votes from troops overseas and around the country even though they could make the difference in a razer close race in district 28. the question of when those ballots arrive. >> this is the day that we are commemorating veterans day so that makes this story both more poignant and more difficult to figure out. according to the democrats, those 55 military ballots arrived here at a post office box for the electoral board at the stafford county post office on tuesday. on election day. but no one picked them up and they didn't arrive at the electoral board offices until wednesday, the day after the election. and so a majority of decided that they should not be counted. >> it's hard to come up with the right adjective to describe how outrageous and upsetting it is in stafford county are refusing to count ballots in their possession. ballots that they know for a fact got there on time. >> the county offices are closed for the day and at this point we have been unable to get ahold of the registrar greg riddlemoser. the race right now incredibly close. just 84 votes separate the republican bob t

tan min-liang is cofounder, ceo, and creative director at razer, a company at the forefront of a $100y. tan min-liang is today's high flyer.

. ♪ ♪ razer has soared, gaining 40% at one point.he ceo earlier on the show and asked him why hong kong. >> we thought hong kong was the perfect location between the u.s. and china to access capital from both sides of the market -- market. having strategic investors helps too. >> there's curiosity why you chose not to list in the u.s. on yse?nasdaq or n. >> while we are big in the u.s., not a lot of people know we are a pretty large band in china. we broke records in all categories on singles' day. we are still number one on jd.com. because of that, we thought it is a great opportunity to be in hong kong and be the first global tech company to list in hong kong. ofefully in next couple months to get on the hong kong-shenzhen connect as well. >> i'm curious about the smartphone you are selling. accessories for desktop, laptop, but now you're coming out with a smart phone. what can you offer others with a smart phone that apple, samsung, or others can't? focus on thep we 2.2 billion gamers out there. we have built this massive ecosyste

tan min-liang is cofounder, ceo, and creative director at razer, a gaming hardware company at the forefronty. tan min-liang is today's high flyer. though consistently rated among thbe

is foralways said razer gamers and by gamers. is it for investors, too?mean for the growth prospects? >> the ipo is crazy. retail has been through the roof. i think we are the first global tech brand to list in hong kong, and i am excited, i am optimistic. yvonne: you are in a pretty good that cash position. why decide to list in hong kong versus singapore, versus nasdaq in the u.s.? are the number one gamer brand in the u.s., europe and china, we thought hong kong was the perfect location to be right in between the u.s. and china, both sides of the market. having strategic investors helped as well. in thei am sure here u.s., there is curiosity why you chose not to list in the u.s. on -- nasdaq or the n.y.c. nysp. >> as i mentioned, we are big in the u.s., not people know -- not a lot of people know we are in big brand in china. we broke records on our categories, we are still number one on several sites. because of that, we thought it was a great opportunity to be in hong kong and be the first global tech company to list in hong kong, and hopefully in a

it does help that li ka-shing is behind razer. companies that are backed by celebrity investors give investors a lot of confidence when it comes to what to pick and choose. .aidi: celebrity investors 2018, what are we looking ahead to? still a little bit from 2018, but in the coming months we are seeing an e-commerce unit. the market continues to expect more high-growth stories to come to market. music unit has sent out a proposal for a 2018 ipo that would raise at least $1 billion. we have seen other fintech and health care growth stories in general, but we can still expect to come through, which is the china tower. haidi: thank you so much for that. a huge year when it comes to tech ipos in hong kong. coming up, real yields will remain compressed. that is next. this is bloomberg. ♪ ♪ traders looking forward to fed minutes waiting to see if they will support the idea as many as for rate hikes next year. let's talk about that with our next guest right now. comean sachs the latest to out saying between now and the end of 2018 that

we had a quote in our story from the ceo of razer. capital and down the line you have the prospect possibly of some kind of ipo connect with the mainland. we did a story earlier this year and that is definitely in the hong kong exchanges plans. if you can access mainland money, that will make an attractive proposition. what is the counter argument? what is the attraction of singapore staying in in the context of this story? >> the home team, home soil, .ules and regulations they are doing everything they can to encourage startups. they are trying to ensure the company stay home grown. the next big thing for hong kong would be to see if they can get the funds raised anywhere people to singapore, but for now the home team has the advantage. david: thank you. yousef gamal el-din is with us and by. >> we have quite a few key themes. jerome powell and the confirmation hearing ahead. looks like he will be defending the status quote. theut through all that with managing director of global markets for a pack. c. apa we widen out the currency