(12 May 2025)
RESTRICTIONS SUMMARY:
ASSOCIATED PRESS
Hong Kong – 12 May
1. Wide of veteran market analyst David Webb walking on stage with the applause by audience
2. Various of Webb on stage (left on screen)
3. Tilt down from an audience asking question to former lawmaker Claudia Mo
4. Pan from journalists to Webb talking to journalists after the lunch event
5. SOUNDBITE (English), David Webb, veteran market analyst:
“Obviously we are affected by the ongoing trade talks, because shipments, Hong Kong is regarded by the US as part of China for customs purposes, that that separate recognition was withdrawn by the US after the NSL took effect. And so all of our exports, which are mostly re-exports from China anyway, are tariffed, so that’s going to affect the level of trade, but hopefully, in the very near future, that would be a clam down. If you look at what Trump is doing, he’s blinking, he’s walking, is stepping things down and claiming victories.”
6. Mid pan from journalists to Webb
7. SOUNDBITE (English), David Webb, veteran market analyst:
“If things don’t cool down, then the US could order asset managers to dump Hong Kong Chinese stocks. They’ve already done that to some extent. There’s a list of stocks that that the US asset managers can’t own, that were established during the first Trump administration, and that could make things worse if they can carry on that way.”
8. Various of the lunch event
9. Wide of audience applause by the end of the event
ENDS
STORYLINE:
The US-China trade war is affecting Hong Kong trade, veteran Hong Kong market analyst David Webb said Monday and if things don’t cool down, the US could order asset managers to dump Hong Kong-Chinese stock.
Webb was talking to a packed audience at the Hong Kong Foreign Correspondents’ Club.
Webb (59) has announced that he is facing an unbeatable cancer and might not have long to live and the event is a "Farewell Fireside Chat".
For decades, he has been monitoring and writing about business in Hong Kong.
His website has long provided a simple guide to the ups and down and ins and outs of finance in Hong Kong and the region.
British citizen Webb came to Hong Kong in early 1990s and had a successful career in finance before retiring and continuing his own investments, and creating his own website, webb-site.com, which aims to enhancing corporate governance and public transparency.
He has earned respect over the years for being outspoken.
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