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mostly in junior roles.
Now on BBC News, all the latest
business news live from Singapore.
As Chinese technology giant Alibaba
eyes are possible public listing we
take stock on how regional exchanges
are competing for initial public
offerings. -- eyes a. Microsoft
suspends software updates to fix a
security threat, after users
complained the patches froze their
It is Wednesday, everyone! Good
morning, Asia, hello, world! Glad
you can join us for another action
packed edition of Asia Business
Report. I am Rico Hizon. We begin
with Hong Kong, and the Territory is
changing its listing rules, maybe
trying to attract what Buster
initial public offerings, such as
Saudi Aramco, the world's a guest
IPO this year. It is planning to
allow companies to split their stock
into different categories, known as
dual class shares, to give owners of
one class greater owned -- greater
voting rights than the other. The
change could interest Alibaba
chairman Jack Mark -- Jack Ma, who
may choose Hong Kong over the US to
go public in 2018. Asia was the most
active region for listings last
year. Over 1600 initial public
offerings globally, which raised
under 200 billion US dollars. Asia
saw a surge of 44% by deal numbers.
According to our next guest, 2018
might bring more big deals. Earlier,
I spoke with Max Loh from Ernst &
Young. He said investors are excited
by the news that Jack Ma could list
the company on his home turf.
Alibaba is already listed in the
United States. Bringing it back to
Hong Kong is always exciting. It
brings it closer to home. People are
able to identify with the company
and the things that they do in the
market. It is always exciting.
will it mean for Hong Kong, the IPO
market, and the rest of Asia, if
Alibaba goes back home?
I think it
will give a filip to the already
robust exchanges that exist,
especially to Hong Kong, because
when you have a big company that
comes home that excites investors.
You already have dual listings
between Chinese companies who have
listed in Hong Kong, but could this
open floodgates of more American
listed firms setting up in the big
lights of Hong Kong, Tokyo, Seoul or
Definitely. Right now the
world is globalised. Investors can
trade on any global exchange.
Bringing it closer to home makes it
more accessible. More investors, I
think, will pile on to the stock.
are now globally connected, as you
mention. Is there really a need for
a dual listing if investors like
lend me, based in Asia, can trade
dual stocks -- trade US stocks?
Absolutely, but right now it is
limited to sophisticated investors.
Renewed back home opens it more to
retail and domestic investors who
can now really invest directly in
that stock. -- bringing it back
Everybody is looking forward
to the biggest ever IPO in history,
which is Saudi Aramco. Everybody is
eating for a share of that piece of
that big pie, whether it is London,
New York or Hong Kong. Who do you
eventually think will be the big
I really don't know.
Exchanges are competitive.
Cross-border listings are the
flavour of the day. Each exchange
will put forward what they think are
the competitive advantages to try to
attract Saudi Aramco. Obviously,
being such a big listing.
how we talked about the issues with
chips that are being used in devices
like computers and mobile phones?
Microsoft has released patches for
security threats, but they are
freezing some machines which are
powered via AMD chips. Shares in big
technology companies are down
following this report. Samir Hussein
has the latest.
What we are talking
about, their rights and that major
chip makers in the world. Intel and
AMD. We already heard from the Intel
boss who said, look, it is going to
be fixed within the next week or so.
AMD is suffering different problems.
These chips, they had a patch and
they put out that patch to try to
fix it. Microsoft has been receiving
complaints from its customers saying
that after the fix was put in, they
were getting frozen screens or the
dreaded blue frozen screens. As a
result, Microsoft has said, nope, we
are not going to be issuing this
patch any more for now. Not until
they can figure out some sort of
sex. -- fix.
headsets can limit uses' mobility by
connecting them to a computer, but
one company has come up with a
hands-free Shen. -- users' mobility.
Dave Lee got his hands and head on
it at the international consumer
electronics show in Las Vegas.
The original HTC was as -- was
extremely well received upon launch
in 2016. This, the Vive Pro, is a
big upgrade. The resolution on this
version is 78% better than the
previous one. Looking around here,
that extra resolution does make a
It has an upgraded
lens, displays, upgraded audio and
had strapped. It is a whole
different product for another
Now, previously with the HTC Vibe
you have had to connect it to the
computer with a big cable, which
often got in the way. They think
they have solved it now with this
adaptor, so now I can take the
battery pack and put it in my back
pocket. And I can just put this over
my head and I am free to move
however please, and I do not need to
worry about tripping over that
I think it brings up the
immersion level for you, and it can
actually perform as well as a
tether. You just have a seamless
experience. It is lots easier.
Really enjoyable for people.
people say the reason high end of
the art has not been as widely
adopted as it perhaps could have
been is because there isn't enough
staff. -- high end VR. There are not
enough things to do with VR. What
are you doing to solve out?
more content and people know what to
do without this point. The content
quality is getting better. Other
things holding it back with things
like the tether. It will make it
easier for people to get into this
Virtual reality with Dave Lee. As we
speak, South Korean President Moon
Jae-in is speaking to the country.
This is after Seoul held its first
talks with its northern neighbour in
two years. North Korea said they
would send a delegation to the
Winter Olympics next month. Joining
us now for more is my colleague
Mariko Oi, and the big question is,
they are talking about sports, they
are talking about the nuclear
missile programme, but what about
business. -- business? Will this
dialogue give more business
relations between the two countries?
It is quite possible. The North
Korean economy, guess what, is
struggling. It has been affected by
the sanctions imposed after its
latest nuclear tests by the United
States and the international
community. Some analysts have called
it one of the very few successes of
President Trump. North Korea needs
that cash to keep its elite happy
with luxury goods, but also to keep
funding its nuclear programme.
Tourism has always been the biggest
moneyspinner but that has fallen off
the cliff after the death of a US
national in North Korea. One way
that they can make money is by
reopening the joint north and South
Korean caisson industrial complex.
-- Kaesong. That was launched back
in 2004, and was seen as a major
symbol of cooperation between the
two sides. The factory park is a
combination of 124 South Korean
companies employing 54,000 North
Korean workers. When it was opened
it used to generate about $100
million in revenue every year. It
was shut in February 2016 following
North Korea's fourth nuclear and
long-range missile test. As Rico
mentioned, President no-one is
currently speaking. We are hoping to
find out whether North Korea and
South Korea plans to reopen this
context. We have not heard anything
about that yet but it is a
Thank you for that
update. Moving to other news, Toyota
and most are expected to announce
they are building a new $1.6 billion
auto factory in the US state of
Alabama. -- Toyota and Mazda. It is
a victory for President Trump, who
promised to bring back Manufacturing
jobs to the United States, and
threatened tariffs on foreign
reduction. Sources have told media
outlets that the plant will employ
4000 workers and build three had a
thousand vehicles a year. --
300,000. A quick look at the
Thank you for investing your time
with us. I am Rico Hizon. Sport
Today is coming up.