Rebecca Fung
speaker
36 appearances
2 recordings
2 series
first heard Apr 2025
last heard 6 Jul
Rebecca Fung’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Right now we have a very sudden and probably temporary glut that there are too much oil at the sea.
But in the long run, analysts were telling us that it would take 15 to 18 months to refill the world's inventories, which are right now at historical level of lows.
But also it's just a way for...
OPEC countries to get more income, frankly, because during the past four months or so, Hormuz is just effectively closed.
So now that we're seeing traffic normalizing to about 30 to 60 ships a day, we're seeing increasing amount of oil getting out.
The latest data from the ship tracker company Vertexa shows that in June, there are about 4.7 million barrels a day coming out compared with 2 million barrels a day in May.
There is a recovery, but we're still not back to pre-war levels and the world's oil inventories are still filling up and it will take time.
Hong Kong tycoon Li Ka-shing.
Actually, in Hong Kong, people kind of gave him the nickname of Superman just because he's just so good at doing deals over the years and always at perfect timing. So he's Superman. That's our colleague, Rebecca Fung. He's kind of like the Warren Buffett of Asia. You know, Buffett is 94, he's 96.
When Li Ka-shing does anything, everyone stops to try to figure out what's happening and what's the meaning behind it.
all sorts of questions about Hong Kong economy, global economy, and he's just giving his take. How does he feel about mainland Chinese investors investing in Hong Kong? Is the U.S. Federal Reserve going to cut interest rate? The analysts and journalists were just asking his take on anything.
Yeah, it's surprising. It's kind of, it's very harsh, actually.
Betraying and selling off all Chinese people.
So yeah, like, these editorials were quite scathing.
So it all goes back to this one deal that kind of angered this one person in China who is more powerful and sort of has more sway than Li Ka-shing. And that person is the president, Xi Jinping.
And then his kind of rise to fame was in 1979 when he took over this massive trading group called Hutchinson One Power. It was considered a very, like a landmark deal because, you know, in 1979, when he took it over, Hong Kong was still under British control.
So that deal was the first that put a local Hong Kong person in charge of the kind of business that had always been run by British nationals.
So Li Ka-shing's C.K. Hutchinson has a bunch of different ports around the world. And among those ports, there were two ports at either end of the Panama Canal.
It seems clear that he was referring, when he said China, he was referring to C.K. Hutchinson, so... Li Ka-shing's firm. So Trump says that China is operating the Panama Canal, but this is not technically true.
In early March, the group C.K. Hutchinson announced that it signed an agreement with a consortium of investors led by BlackRock, the world's largest asset manager, which is an American company. And in this case, the BlackRock consortium agreed to buy majority stakes in the ports on either end of the Panama Canal and a bunch of other ports around the world.
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