we have good results from sinopec. better than people were expecting.uation is still quite expensive. they are looking at changing. going forward, we could get more industry personnel running these company's. better-run mean companies. again, there is a lot of potential in asia. if we look around the region, it is a similar sort of thing. >> i want to get your take very quickly. a lot of interest in vietnam the state-runot ones. >> they have had a bad reputation in the past. >>do you think it is fair? you look at some of the instances we have had where companies have defaulted and i think it is fair. sometimes the appointments to run these companies are bureaucratic and not industry appointments, which is always problematic. china has hadlem and is looking to address. othernly, some of the parts of the economy, yes, there are more companies there. >> what worries you in the markets right now? what scares you? the yield curve is something that really -- is the facthe worry that people are just nervous. people are still paying down debt. we are not seeing

it is a beat for sinopec. by a-half profit rising more than expected 7.5%.s at the forefront of china's restructured state-controlled companies. raisempany is seeking to $17 billion by selling about one third of its retail unit. this test of the shanghai and hong kong stock index has passed smoothly. the hong kong exchange says around 80% of market turnover took part in the trial. the market reversal is scheduled for this weekend with the tie up scheduled for lunch in october. that is a wrap of your top corporate headlines. >> buying luxury in china is fast becoming a hunting ground for the bargain hunters. the enormous appetite remains yet the internet is muscling in on the high street with heavy discounts. if you don't want to buy, you can always rent for a fraction of the price. john dawson has been doing some clicking for us. >> let's go with the discounts first. first of all, taxes have had the campaign from the government, import consumption taxes, all this leads to a strained economy. people wanting to spend less. what do they do? xiu.coms like this o