tom mackenzie from shenzhen there.oduction in china says hollywood studios have been getting it wrong in its attempts to roll the second-largest movie capital in the world. media editor,ur dave mccone. what is behind the collapse of this project -- of these projects? main forces has been pressure from the chinese government. that is on all outbound deals. they do not want the currency weakened so they have been putting pressure on some of china's it is to which has been huge dealmakers not to be investing their money abroad. that has come to bear on some of these big movie deals that have fallen through under that pressure. her has also been pressure from the u.s. side. if you congressman have gotten together to lobby against the idea that china is getting more and more of a footprint within the hollywood industry. there is some concern on their be used tohis would present an unrealistic picture of the country which is actually representing china and chinese values. that has been one of the things that the chinese gove

volatility is a huge issue in the stock markets here, particularly in shenzhen.wly emboldened rigoletto is to try and send a message to investors looking to come m, message to investors looking to come in, but also investors with money in the market already, that they are willing to let them write it out on oui’ willing to let them write it out on our own, really. they tried to send the message that they won‘t always be there to intervene, and this market can be more mature and become something more like a free, open stock market. but like i say, i think there is a level of tolerance here. remember this is an important political year for the government here. 0verall, political year for the government here. overall, the regulators i don‘t think will let things go com pletely don‘t think will let things go completely on their own. everybody will watch the opening trades in the shanghai stock market in about 55 minutes‘ time. south korea‘s is a selection is in two weeks from today. there are calls for real reform and particularly in regards to chaebols. the biggest

shenzhen as well. a drop there for new home prices . year on year, up a whopping 20%.i new home prices falling 1%. this is month on month. on year on year numbers, there is a nearly 20% gain for shanghai. nine -- 9.2%ing year on year. prices up -- new home prices up 26% on year. we are seeing some files, but the overall look, new home prices rising 62 versus 56 in february. what we do have is a slight moved to the upside in terms of the housing boom in place, after some signs of stability or realism. that's what we've got at the moment. i believe you have breaking news. haidi: we do have these april minutes from the rba. debt and property market making an appearance. paul: very much so. it wasn't a month of surprises. we have the release of the minutes and forcing what the statement said. ,e see housing market drops careful monitoring, the rba saying property market and household debt risks have been rising as well. expecting a few lines on unemployment. so far just a careful monitoring of jobs growth. it was interesting that the reserve bank of australia released the

let's look at chinese markets, shanghai, shenzhen, and hong kong coming online, and mainland marketsial juncture. let's get it over to sophie. that negative momentum seems to be continuing this wednesday. take a look at the shanghai composite, deepening its and drop below that psychological 3200 level, down .5%. fallen fromg also its 24,000 level, the top for that market for the past seven years, so we are seeing that down day continue with markets in the red. taking a look at the shanghai composite, all sectors in the red with property and energy stocks leading to drop, materials as well, no surprise given the sinking in base metal 8%ces, iron ore losing about so far this week. i want to point out what is going on with the authorgiven that asia's biggest auto show is kicking off in shanghai today. saic and dongfeng renault could lose billions of dollars in profits it china does move ahead. that is something to keep an eye on. airlines.n on chinese morgan stanley cut some carriers to underweight, which is the equivalent of a strong sell. it indicates further downside. did fall below

megan: japanese prime minister shenzhen lobby telling my hands this morning he is -- mike pence thising he is willing to hear all option. pledge --lete a his repeating his pledge to reverse the obama era policy. he would not rule out a preemptive military strike. >> i hope there is going to be piece. >> as to whether a u.s. cyber attack helped foil the new -- the nuclear launch this weekend, trump would not comment. >> china is trying to help us. i be able to or not but i want to start heavy trade or currency statements against somebody trying to stop a very bad situation. >> officials say saturday's missile through just just flew just 34 miles before spinning out of control they are developing a missile that could fly 2000 miles, and even longer-range. one could be capable of traveling over seven house and miles. as for north korea's -- 7000 miles. react tork is ready to any more of a war by the americans. >> north korea is certainly not backing down. is vice foreign minister declaring there could be weekly missile tests. megan hughes, washington. jummy: a u.s. air carrier group who

-honghai kong-shenzhen markets opening. let's get a check with sophie. sophie: looks like they are joining the regional downturn in asia. advance,a two day shares in hong kong lower 5.5%, shares in shanghai lower by .1%. we are waiting for china caixin pmi. we will see how that feeds into market reaction. taking a look at how that is playing out when it comes to sector breakdowns on the shanghai composite, only real estate and materials stocks on the up-to-date. just a note, we do have several governments around the new economic zone to be developed, seeing they will be putting into place property tightening measures to ensure speculation is not too rife and otherwise, banks and consumers staples leading the drop in shanghai. take a look at some stocks and focus. let's look at tencent shares trading today. wells fargo ind terms of market value to become -- part of the top 10 biggest companies in the world. we do have that trading lower by .8% today. china unicom resuming trade, up .4%. it could see a change to its shareholding structure in response to th

to thecounting you down start of the trading day in shanghai and shenzhen.d salamat coming to you from bloomberg's asian headquarters. in sydney, haidi lun of course. there is focused on trade. a sigh of relief when it comes to trade ministers around the region given comments from trump that china is not a currency manipulator, to take a notch down when it tensionstrade between the two superpowers and the on flow effects for asia. rish, what are you watching today? haidi: rex tillerson warning about the dangers of this relationship between moscow and washington, d.c., saying relations are at dangerously low levels. we are looking at aussie jobs though. we just got breaking news , australian jobs numbers rising 60,900 jobs in march. again, another blowout, unexpected, unpredictable figure . we were looking for 20,000 jobs to be added. 60,000 is quite a beat, 64.8% for participation rate, so again, a beat as well. part-time employment falling 13,600 jobs in

if you look at the rationale, it is to do with shanghai-shenzhen economics own story.et off a speculative frenzy when i investors tried to buy property. there was a ban over the weekend. we had cement makers, industrial names, let up on a given nation lead to infrastructure. of whereindication policy goes, you see investment flows. let's get first word news with paul allen in sydney. yum china soared after a turnaround, beating estimates. saleshut same-store climbed 2%. analysts had expected growth to be flat. results signal a strong start after it's been off last year. oil pulling back from a one-month high as traders balance concern over u.s. stockpiles with rising refinery demand. american supplies rose above 535 million

we are hearing they are looking into arrangements to keep the northbound link in shanghai and shenzhen open. to 32 week days of the year. they are trying to improve these flows into china. rishaad: thank you for that. word take the first headlines. in central paris, it has been shotd off after a gunman three police officers, killing one and wounding the others. counterterrorism investigators are at the scene. the attacker seems to have been alone. the area has been cleared. metro stations shut down. ors in chinaatio will consider impacts as they introduce new rules and shadow beckoning. -- thinking. bloomberg reported in february the pboc was drafting new rules. shares jumping in sydney. the austrian government approving the $5.6 billion takeover bid. it will give the billionaire access to an energy network. duet shareholders vote on the deal later friday. haidi: saudi arabia says several oil producers have reached an additional -- initial agreement. have months of production seen opec failed to stabilize the market. identifyter did not the countries in favor of an extension but says t

stocks in the mainland breaking away from the global the gainly, snapping we saw yesterday, that shenzhen into the unchanged territory for now. take a look at chinese h-shares, gaining .6%. i want to take a closer look at that space real quick when it comes to the h-share market. i want to focus on financial jump byecause they did the most in five weeks on tuesday, tracking that rising bond yields, picking up .8%, leading gains on the chinese h-share index. a stronger economy and efforts to clamp down on leverage stoking yields, sending the 10 year rate to the highest in two years. if you recall yesterday, h-shares in one property developer were suspended after it became the target of a short seller, which warned of a crash since the stock has surged more than 800% in the past three years. we did see china's biggest bad loan manager caught in the crosshairs as it tumbled on tuesday, owning 13%. 2.93%.mbing above in aeport is the latest series of attacks on hong kong listed firms, but before it had on tuesday, itd became the most shorted stock on the msci china index, surpassing dairy comp

we count you down to the start of the trading guide here, shenzhen, and shanghai.rket pretty much flat, not a lot of conviction. the futures contracts suggesting, diversions, but we can expect the index to, well, flip between gains and losses. a story about the banks as well when it comes to china particularly, bank reporting season. that is what we have at the moment, on the way down to china construction bank down .3%, net income 10.2 billion dollars, the country's second-biggest bank, a big increase on fee income. #813 eight tells you shares in hong kong compared to shares in china itself. h-shares and a-shares, h-shares at a discount to a-shares traded on the mainland. if you look at china construction bank, there we go, trading at the biggest discount five cents a share. that is what you have, the one with the least discount is ab bank of china. there we go. take that as it it is an make of it what you will. haidi: we keep talking about premiums, but not happening so far. , china second largest residential property earnings,out with disappointing, first-quarte

rishaad salamat in hong kong as we count you down to the start of the trading day in hong kong, and shenzhenhanghai. looking at the free market cane -- gaind, a of a quarter of 1%. hang seng futures adding to the volatile session yesterday, the hang seng flitted between gains and losses, and managed to end up with a gain. taking a look at communications, planis a company that has to divest its entire stake in the hong kong pay television operator. dilute ownership of the company. they are in the process of earning about $90 million u.s. -- nineof investors straight annual losses. the company is hoping to turn it around with money it raises. 22% down year-to-date. downs up 16% on friday, around 10% on monday. so it is a roller coaster ride. haidi: a bit of a wild ride. taking a look at this stock, this is the maker of the premium chinese liquor, almost like vodka. fourth-quarter profit jumping 25%, the strongest growth in more than three years. they take advantage of the shift towards more expensive taste when it comes to chinese consumers. take a look at this chart. it shows that they surpas

>> we have seen quite interesting capital inflow through the hong kong shanghai and shenzhen programs same time, global investors have been relatively the hong kongt market. when we see the hong kong market for their move toward the upside, the anticipated for the inflow from the national investors as well. >> are you seeing any impact results from the capital controls that have been put in place here in china? quota andl have some with the latest launch of the hong kong shenzhen stock, that gives us great flexibility in investing in hong kong markets, because this is the first of a kind that does not have an overall court at all, so that provides us enough of a flexibility in the hong kong market. canada is now your second-largest shareholder. aes that say anything about move to open up the markets to foreign investment? what should we read into that? >> the increasing of the shareholding of the power corporation of canada is in the process of getting approved. they're shareholding in us demonstrates the opening up of the market, those initiatives by the pboc, by different regulators

shanghai, shenzhen markets coming online, reacting to the numbers and geopolitics whirling around theophie: first reaction to the decoupling when it comes to ppi and cpi in china, chinese stocks falling, down .4%, the hang seng falling for a fifth straight day, down .3%, and h-shares following suit, the lowest in a month on tuesday amid regulation concerns. dayindex is below its 50 moving average. let's look at the breakdown on the shanghai composite in terms of sectorial breakdown. ,onsumer stocks down .6% industrial falling .5%. we are keeping an eye on chinese property stocks, up .9%. many developers could see a ratings uplift in the next 6-12 months, fidelity and s&p global ratings, this as chinese builders are and enjoying a leverage.bt i want to check in on chinese airline stocks as well given ,hat debacle around united given what we saw on sunday. airline stocks in china down .9%. air china leading the drop, 1.5%. china is a crucial part of transpacificative network. the story was of top trending o with more than 270 million views. hong kong property stocks, real estate tires w

people are in shenzhen, shanghai, singapore. they're over there.ve been fortunate in the 20 years we've been investing over there. one of the reasons is because we're on the ground, these people are on the ground, they know what they're doing. >> in terms of the exposure you would want to have in china. the last decade has been framed by get exposure to the consumer. they have a growing population, growing disposable income. is that still the play or are there other sectors you like exposure to? >> mr. xi and his people are looking for that still. they'll be growing the domestic -- we helped to grow their middle class dramatically. that will continue to happen. the financial system is one area where investors find smart plays to make. particularly in the insurance area. >> very quickly, the "usa today" cover story, ryan slows down on healthcare bill, pivoting to the u.s. and the trump rally built on the pro-growth agenda. were you disappointed to hear that? does the time frame matter to you? >> reagan had stumbles in his first days. i think that it

change in falling down -- the shenzhen falling down 0.5%. -- falling for the first day in eight dayss the johnnie walker brand owner as the world's most valuable surpassingiller, $71.5 billion on friday although today it is falling somewhat. diageo supporting that advance 19% -- we are seeing other chinese stocks climb their way back to the top as anti-graft measures are seeing fading. among them are macau gaming .perators this is a bloomberg index intelligence tracking those stocks. they gains may have been too far, too fast for these chairs. b.n.p. paribas pointing at the casino operators would quickly dan if officials roll out tougher measures. david: 95%. sounds like the alcohol content of -- [indiscernible] nowbiggest liquor maker surpassing diageo. rosalind is here with first world news bed rosalind: the value of home loans fell almost 6% in australia. on the housing market. mortgage lending declined half of 1%. brakesot clear if the will be put on the runaway city prices. james for the hard says we should expect to percent growth in the united states this year. he said a lower

as usual in shanghai, shenzhen, and tokyo.aad salamat coming to you from bloomberg's asian headquarters. haidi: i am haidi lun in sydney, where it is a holiday. we do have shanghai coming up, the open, looking ahead to china gdp numbers and domestic activity numbers as well, fixed asset investment a key one, as well as retail sales and industrial production. that is coming off the back of these robust loan numbers from friday suggesting this effort to deal-levered the system might take longer than policy makers had hoped, so all of this food for thought when it comes to the pboc on their selective tightening drive. let's look at the shanghai open, a little move with that yuan. for thought when the china data dump comes through at the top of the hour. first-quarter gdp beating, 6.8%. of thatalling ahead friday decline. hong kong closed today, but to put this on the radar when the hang seng resumes trading, we are looking for a resumption of trade after posting a net loss for 2016. only .6%, leading the drop in asia even after n

the product between beijing and tengion echoes the growth of shenzhen. core jumped in hong kong to lead gains among cement producers. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i am nina melendez, this is bloomberg. ahead, the u.k. tech company one analyst now called "univestible." -- will the so-called trump phase turnaround once again? us aboutill talk to what to expect from the second quarter. this is bloomberg. ♪ counting down are to asia's first major market opened morning. japanese futures here looking soft there. down .4% and we are 45 minutes minuteslittle under 46 from the open. this is daybreak in shop i am betty liu in new york. this isi am -- "daybreak asia." i am betty liu in new york. yvonne: it is unlikely to be enough for cimb to avoid a downgrade. told bloomberg the lender will focus on cost discipline to boost earnings and the more rigorous -- be more rigorous in making investments. >> we have to build the foundations on the focus will be the five "c's". we will look at wh

shenzhen and shanghai coming on stream in five minutes.seng reflecting what is going on with this relief rally globally after clarity from the french election. of .6% to the upside. china unicom showing and 88% increase in net income in the first three months of the year, reducing this first quarter report of the weekend, and the shanghai listed company seeing subscribers increased 5 million in the first quarter two 266 million, diminutive when it ofes to the sign of -- size china mobile, the stock of 2% premarket. some staggering numbers there. we will be watching the jewelry business unit that this did, trading today. this is the hong kong conglomerate that has been given approval by the regulatory board in australia for its acquisition of a gas and electricity provider, alinta, on the back of li ka-shing given the green light for its takeover of another aussie power supplier, duet group, very popular in up.s of assets being picked the jewelry asset business up 42% year to date on the back of better retail performance and selling more go