. >> what about shortselling? do you think hedge funds are still a big gun shy after china crackdown? bifurcate. to hong kong shares, shortselling is fine. i would say even encouraged. certainly the capital going to the right places. we were here, the affiliate fund where i was part of this. starting right in december of 2001 when china exceeded into the wto. same thing. he's underestimating how big it will be. looking back 3, 5, 10 years from now. people are going to see that as a big watershed event in terms of institutionalization. betty: tech giants take a stand in the fight for net neutrality. we talked to the head of go daddy for his tech, -- take on the high-stakes battle. this is bloomberg. ♪ yvonne: this is daybreak asia. betty: and i'm betty liu in new york. google, amazon, thousands of other websites joining an unprecedented protest on that neutrality. equal access to the internet could be at stake. isn't the last stand for net neutrality, is probably one of the biggest battles before this is finally de

one investor has gone shortselling antitrust concerns will erode its value. in the spotlight to kickoff the week on wall street three of the biggest lenders posted earnings friday. j.p. morgan reported that drop in trading revenue, but also might earnings, so you call it a mixed picture come although financials were the worst performer on friday. >> mainly because of j.p. morgan. morgan chase, and wells fargo disappointed. that was the headline. the silver lining is j.p. morgan had record earnings. year to date, they are up almost 6%. they were under pressure on friday. worseg revenue fell 14%, than warned. the bank has earned 26 $.5 billion in profit in the past 12 months, the most ever by any major bank. it said it would increase loans to the consumer this year at a rate double than anticipated. we did have the cfo lower expectations for trading revenue in the bond department, talking about muted volatility. >> citigroup, they managed to close a gap on investment banking with j.p. morgan. >> that was the headline. they did manage to come within striking dis

expansion of its closing auction, which involves more stocks and permitting shortselling in the 10 minutesday session. at thee potentially start, a change in place towards the end of the session. that's right. watching, great wall motors, falling 7%, h-shares, some ratings downgrades. h-shares at a hold. the new price target 16% downside. also cut to sell at managers. we do have preliminary earnings coming through at 2.4 9 billion yuan, so getting the market reaction to that and the various downgrades. stock plusk at that more as we head into the shenzhen-shanghai-hong kong open. coming up, japan inc. urging people to work from home. we will see how that is being received. this is intended to lessen the on public transport. that ahead of the olympics. this is bloomberg. ♪ 's 9:29, counting down to the open. there we go. that is the view. i am david ingles here in hong kong. i am haidi lun in sydney, where it is a beautiful day. we are waiting for the shanghai and hong kong open. watchl be interesting to for this washout of conglomerates with his confirmation of this clampdown that has come