Worked so much in the first couple of quarters. We are also expecting our investment ipo tomorrow. It is a very, very busy year for us, all in all. You are looking at health care opportunities. Everybody else seems to be doing that. That is why valuations have skyrocketed. What are you finding and what are you concentrating on within that space in particular . Nisa it is interesting. Board. St across the is, is really interesting when we invested in the first company, the first Vaccine Company to list in hong kong. One of our Companies Went out in hong kong, the first device company. Venus, thepo of whole medical device sector has become hot this year. Seen 25 areas we have Companies Getting funded in china alone. I am not sure about the competition. On the discovery side there is also excitement. Because valuation has grown so much, we would still stay away from very expensive deals. Historically, we have been investing 75 at least. Systematically we have been doing the same thing as well this year, really stepping up companies. We have also participated in deals and spending across these different sectors. Lastis interesting is, time we talked, we talked about how so Many Companies are involved in the treatment of covid. Of our companies have been involved with combating side, be it on the device the drug side. We also have a couple companies that developed antibodies similar to regeneron for treatment. Rishaad please stick around with us. We are getting over to this virtual apec summit. President xi is speaking. I believe we could drop in and have a look at what he is saying. Now, buty we have him unfortunately, we do not have a translator. I suppose we can get it back to nisa, while we sort that out. How much is the government helping you with regards to where you are investing . They have all sorts of goals with regards to targets and making the economy in china a hightech one, ultimately. Give us the view of policies in place and policies you would like to see. I think the government has put in a lot of effort in giving government grants to quite a few of our companies. Think the policies are important. Many policy changes to encourage innovation in tech. It allows companies to raise more money through listing. Of course the Hong Kong Exchange as well. All those are very good signs for the Chinese Companies. The other thing, the Chinese Market is a big one for pharmaceuticals, the second largest in the world now. It could become the largest. What we are seeing is juliette sorry, it is juliette in singapore. Wanted to get back to that and the huge market in china and what you were talking about with the vaccine. Is china leading the race one day in this health care race . And on the vaccine, when do you see a larger distribution, could it be 2021 . Nisa i think the codevelopment and cocollaboration between china and the u. S. Is important in biotech and health care. We are seeing a bit of that going on. It would only benefit humanity. , we it comes to vaccines see the sacks we see the success of pfizer and moderna. Our vaccine is similar to the others. Hopeful, but we will wait for the result to come out. In the meantime, companies in china are effectively building manufacturing capacity to meet the demand. Talk about other companies you like in the health care space. We have a chart for viewers showing the Health Care Sector perform. Therapies and treatments coming through. What other Health Care Companies are you looking at . Nisa we have had eight health already, some ipo at 10 billion market cap. 75 billion. Round 1 we are expecting another 25 Health Care Ipos coming to the market in our portfolio in the next 24 months. Unique model for incubating and a program from china. We have another Company Called new horizons. Similar to the exact science, the first to list in hong kong. Company, using dna testing to replace colonoscopy as a screening test. They also just received the first Cancer Screening approval in china ever. We are also affecting other companies. In hong kong as well as in asia. Nisaad thank you so much, at the Bloomberg New economy forum. We have the apec summit going on at the same time as our own forum. We have xi jinping speaking, talking about meeting challenges through cooperation as the only way forward, and a need to step up policy coordination. He is addressing that apec summit by video. China will expand domestic demand as a strategic priority. This perhaps dovetails into his policy of circulation, reliance on what is going on domestically, but not forgetting the outside world and having relationships, trade relationships with countries. Jules . Juliette lets get the first word news. We are seeing coronavirus deaths in the u. S. Topping a quarter of a million. Rising infections forcing new york city to close schools and return to remote teaching. U. S. Regulators have given the goahead for the first covid test at home kit. Result system costs around 50 and will need a prescription. South australia in covid lockdown. The restrictions came into force at midnight local with all stores, restaurants and nonessential shops closed. Local people are not allowed to leave home to take exercise. Regional travel for weddings and funerals are off. It is compulsory with authority saying they must stay ahead of the game. We are going hard and early. Time is of the essence and we must act quickly and decisively. We cannot wait to see how bad this becomes. We must act quickly and decisively on the Health Advice to stay ahead of the game. Juliette the European Union warning against permit her brexit optimism saying substantial work is needed ahead. There remain several important issues to be resolved ahead of any potential agreement. Sources say u. K. And canada are close to a new trade deal, replacing the one britain has through the e. U. An announcement could come within days. The International OlympicsCommittee Planning a more lowkey event next year. Athletes will be encouraged to leave once their event has finished and latenight parties are banned. They announced widespread covid19 testing at the games, encouraging athletes to take any new vaccine. That is first word news. Rishaad lets get to apac leaders speaking at the friday summit. We have a chinese president xi jinping speaking at the moment, about implementation and Development Strategies saying china will further implement in science and technology. And, supply side reform as they expand domestic demand. It has been a strategic priority. Anymore headlines, we will bring them to you. We are hearing from the chief of unilever, he talks about what a Biden White House would mean for Climate Change. This is bloomberg. Live pictures, a virtual apac conference taking place, hosted by malaysia. President xi jinping is speaking at the moment, with a wideranging discourse, saying china will upgrade industrial chains and improve competition by strengthening property and intellectual property rights. Saying they will not seek decoupling or exclusive policy. An emphasis because his dual circulation policy on what is happening domestically. He says they want to deepen reform and energize the market and continue with they are supplyside reform, saying they will have further innovation in science and technology and innovation driven strategies. China willone is, have greater demand for local products and services. It will be engaging with the outside world while putting a strategic priority on what is happening domestically. Juliette . Talktte lets switch and to the unilever Ceo Alan Jope saying, Interest Rates to create new jobs means it is a good time to invest in sustainable green technologies. He spoke to bloombergs Francine Lacqua about breaking the mindset that there is a division between Green Technology and prosperity. Francine purpose and prosperity, there is no tradeoff. We are already seeing that money that gets invested in green stimulus seems to generate better roi than the more broad stimulus packages. It is the most important mindset to break, that there is a tradeoff between a Green Recovery and economic prosperity. Francine a lot of companies have already put out targets. How much will that trend be easier under a new president , joe biden . Change, like this all system changes, will require collaboration between governments, companies and investors. Policies,ents set the the frameworks in which we operate, i would like to congratulate the british chancellor who recently set out the requirement for carbon disclosure and reporting. Companies have to drive the innovation that will be needed for a Green Recovery. Of course markets and investors need to invest in properly run, sustainable and green businesses. , anhat regard administration that reenters the Climate Change debate and Green Recovery, of course it will be good for the system. Of these unless some disclosures, carbon emissions, things like that, are disclosed and mandatory across the world, would it make enough difference to make a meaningful impact against Climate Change . I think the things government has to do are important. Disclosure is an important part of it, but can have unintended consequences. The most important thing the government needs to do is get a price on carbon. On carbon or a cap a tax, there is a role for disclosure and labeling. The most important step the government can take is to get a trace on carbon. Francine how much work do you do at you know lover for technologies to make products for packaging or containers that are recyclable . Technologies the for a Green Recovery have already been invented. Low carbon energy, i am hearing from scotland where 90 of scotlands energy comes from renewable technologies, wind. They have low carbon transport. All of that exists. Now is a good time to invest with low Interest Rates and a desperate need for more jobs. Rishaad that is the unilever chief executive alan jope speaking to Francine Lacqua. Lets get to apac again because president xi jinping has been goaking, saying we will not against historical trends, decoupling or forming a small circle to keep others out, saying china is committed to opening up and this will not change. The Company Wants to increase the import of quality goods and services. To that end, china will be further cutting tariffs because china will have a greater demand for Global Products and services. That is what we have coming through from his speech. There. Leave that to amy xietalking patrick about the state of the markets and a look at how singapore is dealing with covid19, with the head of their task force. This is bloomberg. Rishaad just a few points to note coming out of xi jinpings speech at the virtual apec summit. He is talking about china deepening cooperation on Green Development and repeating the out theret putting multilateral credentials on the table, to continue supporting multilateral trade mechanisms and negotiating and free trade. We had a deal signed earlier this week. That is just one of many at the moment. China is committed to opening up, saying that will not change. They will be cutting tariffs further as well. Juliette . Setette the boeing 737 max to fly again after being cleared for safety by u. S. Regulators. It will end a 20 month grounding following crashes. It is welcome news for boeing and carriers, but regulators in europe and china have not yet lifted their band. Our asia transport reporter has been following the story for us and joins us from singapore. When could we see the plane back in the sky . It will depend on what you said earlier, regulators in Different Countries. Now with the faa approving the u. S. We could see december, with American Airlines being the first to operate the plane. For the rest of the world, we have to see what regulators say in those countries. Rishaad will boeing be able to get back on its feet again following this decision by the faa . Khunghee it will be a long road ahead for boeing, given they are still involved in investigations by the justice department. To finehas threatened boeing. In the u. S. Has opened investigations. At the same time, we are going through a tough period, due to the pandemic. It is one step forward, but does not mean things will clear up for boeing anytime soon. Other challenges does boeing face . Khunghee i think the Biggest Challenges what other regulators in other countries decide and when they decide to allow the 737 to fly again. Even before this, a lot of people were worried about flying the max, due to safety concerns. That will be another challenge, not just for boeing, but airlines, in how they help convince customers it is safe to fly the max again. Thank you so much. Lets take a quick look at business flash headlines. Security saying it will cooperate with the probe from chinas watchdog, all because of allegations of market manipulation. Securities was the millionter for the 150 bond, which they had failed to pay. Posting a 57 jump on the year before. Results blew past estimates. Behind it, demand for video games. The Current Quarter beat with nvidia expecting levels at the same level. The stock is up 100 20 this year. Apple reached a deal with 33 states and the district of columbia over allegations it misled users over Battery Power and software that slowed performance. Million after13 being accused of equipping iphones or batteries that lost power and shut down, and then updates that curb performance to avoid the shutdown. Lets do a quick check of market action. Asia, luckyains in 13 has come to an end. Sciittle retreat on the m asian index. Coming off those 1991 highs. We are closely watching what is happening in the philippines and indonesia ahead of centralbank action. The rupiah and peso could come under stress, due to the lingering prospect of rate cuts. We have also been hearing from president xi jinping, speaking summit,irtual apec pledging china will not engage in decoupling. Justis in kuala lumpur, days after their largest freetrade agreement. Plenty more. This is bloomberg. Are you frustrated with your weight and health . 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Welcome to Bloomberg Markets asia. Rishaad i am right here in hong kong. Xi jinping promising for the revving up of chinas economy, telling the apec summit his country will seek further fee free trade deals and never engage in decoupling. Juliette asian markets face the end of their longest winning streak since 1988, as virus curbs overshadow optimism. Stocks had risen for 13 straight sessions. Haad chinese online gamer shares down in the past week but up 50 in 12 months. The vaccinelot of optimism has been propelling asian markets for 13 sessions. Then you had a little worried coming into markets with new york schools being shut. The asiapacific index following that downward momentum, snapping that very long winning streak and coming off the highs we have seen since january of 1988. The dollar index cutting a little bit of a bid in asian trading. It felt to april 2018 lows on the vaccine optimism. We are watching the chinese yuan , fairly steady against the dollar. Hsbcs new chief says the yuan is a g10 currencies. It is actively traded and has strong influence. Bitcoin just below 18,000. We saw that level during wednesday. A a lot of money coming back into bitcoin. We have not seen these levels since 2017. Wider institutional acceptance for the cryptocurrency. Rishaad straight to the market open in bangkok. Thai stocks at the moment are moving up, bucking the regional trend. Thailand leaving rates on hold with one eye on the thai, which has been strengthening to tenmonth lows. Weakened a bit today. Thailands parliament rejecting a constitutional amendment to reduce the power of the monarchy. India, prospects looking a bit decidedly negative. Off about 1 . That would mean the nifty would fall off of record highs along with the sense ask. First were nude headlines. Reported virus deaths in the u. S. Topping 250,000. Rising infections forcing new york city to close schools and return to remote teaching. U. S. Regulators have given the goahead for the first covid at home testing kit. Nationwide capabilities are struggling. It cost around 50 and users will need a doctors prescription. Analysis ofa final Clinical Trial data shows that its vaccine is 95 effective. It paves the way for the company to apply this week for the first u. S. Approval for a coronavirus shot. Biontech says there vaccine protected people of all ages and ethnicities with no significant safety problem so far, in what has been a trial that included al