International Companies Due to political tensions with beijing. Now china meanwhile has called on its biggest state firms to take a more active role in hong kong including stepping up investment and asserting more control of companies in the financial help beijing says its trying to calm months of unrest in the semi autonomous city. At a meeting this week in change in the city bordering hong kong Senior Executives from nearly 100. 00 of chinas largest state run Companies Including oil giant sinopec and conglomerate China Merchants Group were urged to do their part to help cool chinas biggest political crisis in years at the meeting the air so hes pledged to invest more in key Hong Kong Industries including real estate and tourism in a bid to create jobs for local citizens and stabilize Financial Markets the directive from beijing went further than to simply urge investment in Hong Kong Companies but to develop a controlling stake in companies the move would extend mainland chinas influ
A fact finding study to be released in approximately 6 months their report will include Police Brutality and those who have filed complaints on the anti extradition bill although lam again reiterated the bill is dead the crowd pushed on why the word withdraw has not been used meantime antigovernment protesters are gearing up for another weekend of demonstrations we spoke to one organizer who included an additional demand on allegations of surveillance in the kuantan district well continue to insist on our 5 demands and on top of this we are going to voice our concern on the intelligence street lights is bought by the government on various districts including the quinton district well go with that when the government setting up these kind of smart street lights you know and in our city there are comes all of this kind of like street lights and then these kind of can be. Equipped with Ai Technology can recognize our faces and when we were captured by this can stand we will be under surve
Saying the u. S. Is winning the trade war with china, but the u. S. Deficit is set to balloon. Toeing Warns Companies to the line if they want access to the mainland economy. Get you started with a quick check of how markets closed the window session. Stocks were higher. They pared back some earlier gains. The s p 500 ended. 8 higher with every sector on the s p 500 and the green. Retailers were also hired. Today, we saw the bloomberg retail index at a threeweek high as we saw some positive s and target, lowe not to mention we saw that rally after we saw home depots stronger second half. That theyes signaling were ready to ease but not really hinting that this july rate cut was the start of an easing cycle, so twoyear treasury yields rallied. Treasury yields unchanged at the moment, so lets see where we are starting out the asian session. Sophie we are setting up for potentially positive gains with more earnings on tap for the region as well. We have a new zealands report card to consi
She has mentioned that she is continuing the existing work that has been conducted by Police Complaints council. They mentioned a couple of dozen to 100 or so that came through as of her last week when she also spoke with reporters then. One interesting line she says she doesnt agree with an independent inquiry, one of the key demands from the protesters. Rishaad looking for a dialogue. She doesnt believe in having an independent inquiry, one of the demands the protesters were making. David the hang seng index is starting to move toward session lows. Unclear whether or not that is correlated to what she is saying and what the investors want her to say. Hat is another conversation. Hong kong now down 56 points. We were up 3545 points earlier at the open. Rishaad she is speaking cantonese. Once she starts speaking english we will bring you her comment there is. Zero tolerance on violence and says an escalation also is something that is showing lawlessness too. 4 these particular assets.
Event is back with a new focus on smaller developers. Time. This is the business welcome political unrest in hong kong has formed to china to speed up its vast greater bay area projects Regional Development program beijing believes the promise of strongly konami growth will ease anger in hong kong the government wants to make hong kong a key part of a cluster of cities in the poll of adults are creating a vibrant because on the economic area that chinese president xi jinping describes the Guangdong Hong Kong macao great of a project as central to chinas Great National rejuvenation. Now lets have a closer look at this greater bay area the scheme would see a number of cities including how to link up to form an integrated economic. Hub the greater bay area has a population of 70000000. 00 people and a g. D. P. Well over 1. 00 trillion u. S. Dollars making it a potential rival to places like San Francisco new york or tokyo already a major investment Hub Hong Kong would be the projects crow