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RPT-Fear and fervour propel Shanghai’s tech board amid trade, Huawei tensions

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* Huawei ban, trade war fuel patriotic support for the new board

* 120 firms seeking to list, aiming to raise total of $16 bln

* About 100 tech-focused funds awaiting regulatory approval

* Venture capitalists scrambling to grab share of pre-IPO funding

By Samuel Shen and Josh Horwitz

SHANGHAI, June 11 ( ) – Chinese companies and investors are lining up in spades to take part in Shanghai’s new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed tr上海夜生活ade tensions.

In the two months since the application period began, 120 firms – many in industries such as semiconductors, artificial intelligence and biotech – have sought permission to list, aiming to raise a combined $16 billion.

By comparison, IPOs on Shanghai’s main bourse last year raised $11.7 billion while those on the Shenzhen exchange raised $8 billion, according to Refinitiv data.

On the investment side, there’s been a rush to launch tech-focused mutual funds, with about 100 currently seeking approval, data from the China Securities Regulatory Commission shows. Since late May, 12 such funds targeting the new board, each with a fundraising cap of 1 billion yuan ($145 million), have been launched.

The first mainland China exchange-run board to not make profitability a listing requirement, Shanghai’s Sci-tech Innovation Board was announced suddenly by President Xi Jinping in November and is widely seen as Beijing’s latest move to become self-sufficient in core technologies such as chips.

Those ambitions, highlighted by the government’s “Made in China 2025” campaign launched four years ago, have now taken on added urgency as the trade war with Washington and anxiety about its impact escalate.

“The trade war is no longer simply about China importing more soybeans, or reducing trade deficits,” Shi Donghui, director of the Shanghai Stock Exchange’s Capital Market Institute told a financial forum last month after U.S-China trade talks collapsed.

“It’s essentially a tug of war around industry supply chains and core technologies,” he said, adding that as the two economic powers vie for tech supremacy, exchange staff were working day and night seven days a week to make the new board a success.

PATRIOTIC ENTHUSIASM

Washington’s ban in May on U.S. firms doing business with Huawei without government approval highlighted gaps in China’s tech prowess and has fuelled patriotic enthusiasm for the board.

If the new board can foster internationally competitive technologies, “Trump will no longer be able to choke us,” said Zhou Xiangyong, general manager of Guotai Asset Management, a Shanghai-based mutual fund house.

“China must turn external pressure into internal drive,” said Pan Jiang, CEO at private fund manager Shanghai V-Invest Co, which recently launched eight funds targeting the new board.

China Galaxy Securities estimates domestic mutual fund houses alone could pump more than $40 billion into the board, with about a third of that coming from new funds launching over the next six months.

In addition to allowing loss-making firms to list, the new board is doing away with paternalistic guidance from regulators on IPO pricing and timing – developments that have some bankers and investors calling it China’s boldest market reform yet.

A formal launch date has not been announced but investment bankers have said they expect it to start operating either late this month or in early July.

For Yuan Guowei, founder and CEO of big data startup Shanghai HyperS Data Technology Inc, being able to list while still loss-making is an opportunity not to be missed.

“We see U.S. companies which keep expanding aggressively despite losses. We couldn’t do that in the past, as we want to go public and struggled to balance expansion and making a profit,” he said.

Compared to the United States, stock market investment in China’s tech sector has been low, in part due to stricter listing requirements around profitability.

Tech companies account for roughly 11% of total market value in China’s stock markets, which are heavily weighted toward the financial sector, according to China Securities Index Co. In contrast, IT firms account for nearly 30% of the S&P 500’s market capitalisation, Refinitiv data shows.

Channeling investor money into homegrown technologies via the tech board could also help defuse U.S. criticism over the opaque shareholding structure of some Chinese firms and massive state subsidies for the tech sector, analysts said.

Foreign investors, however, are not expected to have much initial involvement in the new board. There are as yet no plans for it to be part of the cross-border Connect scheme, while overseas investors participating in the QFII investment scheme for mainland stocks tend to buy blue-chip shares due to their limited research capabilities in China.

VENTURE CAPITAL SCRAMBLE

The big unknown, however, is just how successful the new board will be in the long term.

China’s other startup boards have mostly languished despite a wellspring of excitement in their early days. Often speculation sent prices soaring, but those prices later collapsed spectacularly, souring investor sentiment to a point from which it never recovered.

The new tech board “is being propelled directly by China’s top decision-makers, so it has to succeed. It cannot afford to fail,” said Fu Ziheng, economist at China Fortune Securities.

“But there’s a lot of uncertainty ahead….and technology innovation does not happen overnight.”

High-profile companies planning to list on the new board include Beijing Kingsoft Office Software Inc, China’s biggest provider of officer software controlled by Xiaomi Corp founder Lei Jun, as well as chip sector firm Advanced Micro-Fabrication Equipment Inc.

For a factbox on some of the companies planning to list please click.

Excitement surrounding prospective candidates is so high that venture capitalists interested in pre-IPO financing say they need to move quickly on due diligence or lose out to the competition, particularly in strategic industries such as chips.

“When companies conduct pre-IPO financing, you may have to make decisions in 1-2 weeks, which is very demanding for the investment team. Previously, such decisions were made over 1-2 months,” said Feng Sicheng, an investment manager at private equity firm GP Capital who specialises in the chip sector. ($1 = 6.9082 Chinese yuan)

Trump presidency to create high anxiety among Asian allies

TOKYO/SEOUL ( ) – Republican Donald Trump’s victory in the U.S. presidential election will deepen Asian allies’ anxiety about Washington’s commitment to post-war security arrangements in the face of a rising China and volatile North Korea, and could bolster calls from conservatives in Tokyo for a more robust defense policy.

Trump’s “America First” rhetoric and calls for allies to pay more of the cost for U.S. troops in the region or face their possible withdrawal have worried officials in some Asian capitals. So has his opposition to a 12-nation pan-Pacific trade pact that was a linchpin of Washington’s “pivot” to the region.

“We should expect dramatic changes in the security environment,” said South Korea’s ruling Saenuri Party floor leader Chung Jin-suk in parliament on Wednesday.

But he added: “In any case, there should not be any wavering in the Korea-U.S. military alliance, which has been the foundation of prosperity of this country.”

A Japanese government official, speaking before Trump clinched the election, urged the new president to send a reassuring message.

“The new president-elect should as soon as possible issue a statement reassuring the rest of the world that the strong commitment of the United States to its allies … remains strong and reliable,” said the official, who declined to be identified.

“We are certainly concerned about the comments (Trump) has made to date about the alliance and the U.S. role in the Pacific, particularly Japan,” the Japanese official said, although he added Trump’s policies might not match his rhetoric.

Trump has made several comments that disturbed Washington’s Asian allies, from insisting they must foot more of the two-way defense bill to suggesting it might be alright for Tokyo and Seoul develop nuclear arms capability.

FOOTING THE BILL

In an article criticizing U.S. President Barack Obama’s “pivot” to Asia as “talking loudly but carrying a small stick” two Trump advisors said he would beef up the U.S. Navy while asserting it was “only fair” that Seoul and Tokyo pay more for defense.

“There is no question of Trump’s commitment to America’s Asian alliances as bedrocks of stability in the region,” wrote University of California professor Peter Navarro and Alexander Gray, a former advisor to U.S. politician Randy Forbes, in the article, which appeared in the Nov. 7 edition of Foreign Policy.

The article also criticized the Obama administration for failing to halt China’s aggressive maritime activities in the East and South China Seas, where Beijing has territorial rows with several countries in the region.

Trump has called for more ships for the U.S. Navy. The “mere initiation of the Trump naval program will reassure our allies that the United States remains committed in the long term to its traditional role as guarantor of the liberal order in Asia”, the authors said.

Trump’s approach to the North Asia security alliances could spark calls in Japan for a more independent security stance, although serious talk of acquiring nuclear weapons is unlikely to emerge in the only nation to suffer atomic bombings.

“I think they will have more legitimacy,” said a Japanese diplomat, referring to those seeking a more robust security stance. “But the Japanese public is reluctant to go in that direction and we don’t have the capacity in terms of budget or (military) personnel.”

TPP NOT JUST TRADE

Asian allies who joined the 12-nation Tran-Pacific Partnership (TPP) trade deal, a linchpin of Obama’s Asia pivot, now fear the pact is dead, given Trump’s harsh opposition.

That has implications not only for trade, but security, since Washington and Tokyo had seen the TPP as way of creating a new regional rule-based architecture to counter China.

“TPP was not just a trade deal, it was the United States and Japan, together … these countries with shared values would create an advanced regional order with not just economic, but diplomatic and security implications,” said Toshihiro Nakayama, a professor at Keio University in Tokyo.

“It was a symbol of America being committed to the region.”

Singapore-based security expert Tim Huxley warned of a period of potentially destabilizing uncertainty ahead as the region waits for clearer strategic signs of precisely what a Trump presidency would mean for Asia.

“Unless Trump speaks reassuringly and soothingly about the continued U.S. presence and commitment to the region, I won’t be surprised to see long-held doubts awoken in the minds of many Asian leaders about the durability of the traditional U.S. role,” he said.

Policy-makers expect it will take considerable time for Trump to work out personnel appointments and get down to policy formation. Divisive U.S. politics could also slow things down. That could mean a worrisome vacuum, but also suggests no quick, dramatic changes are in store.

“It will take about half a year for Mr. Trump to firm up his foreign policies. He only has a transitio上海夜生活网n team of about 200 people and his first focus will be domestic policy,” said Masashi Adachi, head of the Japanese ruling Liberal Democratic Party’s foreign policy panel.

“I don’t think there will be a big change in his stance toward Japan. He has said the Japan-U.S. alliance is important. What he is talking about is details like increasing what Japan pays for U.S. troops in Japan,” Adachi added.

METALS-Copper steady as economic concerns jostle with China demand hopes

* LME copper stocks 30 pct below levels last August

* Zinc stocks d上海夜生活own nearly 80 percent since August

* GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl (Updates with official prices)

By Pratima Desai

LONDON, March 18 ( ) – Copper prices held steady on Monday, bolstered by expectations of seasonally strong Chinese demand in the second quarter and low stocks but capped by concern over the impact of continuing trade tensions on the global economy.

Benchmark copper on the London Metal Exchange closed little changed at $6,425 a tonne, down 0.1 percent, with prices having traded in a $200 range since the middle of February.

“The second quarter is normally the strongest in terms of physical activity; stocks are low and supply tightness is evident in metals like copper,” said Societe Generale analyst Robin Bhar.

“Our concerns would be the macro overlay, slowing global growth and the unresolved U.S.-China trade dispute.”

CHINA: China accounts for about half of global demand for industrial metals, which increases in the April to June period because of restocking ahead of rising construction activity in the second quarter.

TRADE: Investor sentiment on trade has see-sawed on rumblings coming out of the negotiations between the world’s two biggest economies after the imposition of tit-for-tat tariffs.

“The uncertainty over U.S.-China trade could be decisive for industrial metals in the short term,” ANZ analysts said in a note.

“We see renewed supply issues in some of the metals, copper and zinc, which could widen the market deficit. This leaves little room for replenishing depleted inventories.”

STOCKS: Copper inventories of 183,825 tonnes in LME-approved warehouses are up from less than 112,000 tonnes last Tuesday but still more than 30 percent below levels last August. MCUSTX-TOTAL

Higher stocks have shrunk the premium for the cash contract over three-month copper to about $30 a tonne from $70 in early March. CMCU0-3

ZINC: Stocks of zinc under LME warrant are down nearly 80 percent since August to less than 60,000 tonnes, creating a large premium for the cash contract over three-month metal. MZNSTX-TOTAL The premium was last at $50 a tonne. CMZN0-3

In contrast, stocks in warehouses monitored by the Shanghai Futures Exchange have climbed above 124,000 tonnes from around 20,000 tonnes at the end of last year. ZN-STX-SGH

Combined with an estimated 80,000 tonnes of zinc stocks in bonded warehouses in Shanghai, that takes the total in China to more than 200,000 tonnes.

PRICES: Aluminium closed 1.2 percent up at $1,920.50 a tonne, zinc dipped by 0.3 percent to $2,781, lead slipped by 1.1 percent to $2,040, tin added 0.5 percent to $21,175 and nickel firmed by 0.1 percent to $12,950.

Preview: Bayern Munich – Hoffenheim

Flashscore presents the key facts before the match:

Bayern Munich will host Hoffenheim in the 20th round of the Bundesliga. The Bavarians are on top of the table with 37 points, while Hoffenheim are 8 points behind, placed ninth.

Since the appointment of Jupp-Heynckes as the manager of the club, Bayern Munich have won 33 points in 12 games, while Hoffenheim have claimed just 13 points from the same number of games.

The Bundesliga champions have won their last five games, netting 20 goals in the process. Hoffenheim have won just one,上海夜生活网 drawn two and lost two.

While Bayern Munich’s boss Jupp Heynckes is the oldest in the league – 72, Hoffenheim’s boss is the youngest one – 30.

Players to watch: Thomas Muller netted his 100th goal for the club last week. A curious fact is that the Bavarians have not lost a game in which the German has scored. 78 games – 74 wins and 4 draws. Meanwhile, Sandro Wagner can make an appearance and punish his former team-mates, having joined Bayern Munich earlier in the January transfer window from Hoffenheim.Neuer & Ter Stegen to share Germany goalkeeping duties Andrew Smyth – Joachim Low has announced that he will select both goalkeepers Manuel Neuer and Marc-Andre ter Stegen for Germany during this month’s international break.

Missing players:

Bayern Munich: Neuer M.(leg injury).

Under question:

Bayern Munich: Alcantara(thigh injury), Fruchtl(ankle injury), Hummels (groin injury).

Hoffenheim: Akpoguma (injury), Demirbay (thigh injury), Kobel G. (illness).

Preview: RB Leipzig – Hamburger SV

Flashscore presents the key facts before the match:

Hamburger will definitely look for the win, in order to have a good start under their new manager, Bernd Hollerbach.

RB Leipzig have been highly-inconsistent since the start of the new season, falling short of the high expectations they set up last year. Their disappointing 2-1 loss to Freiburg last weekend simply came to show the problems in the team, who have won just one out of their last six Bundesliga games ( W1, D2, L3 ).

Hamburger, however, are not in a bright spot either. They are deep in the relegation zone with just 15 points after 19 games. They have lost their last four Bundesliga games.

Hamburger’s last win came in November. Only bottom-placed Cologne have lost more league games than Hamburg so far (12).

Players to watch: Timo Werner has scored three goals in the last three games between the two sides. Will he be able to add more ?Four-goal hero Gnabry’s father banned him from joining Bayern Andrew Smyth – Bayern Munich’s four-goal hero Serge Gnabry revealed that his own father initially banned him from signing up for the club as a 10-year-old.

Missing players:

Hamburger: Ekdal A. (上海夜生活论坛ankle injury), Muller N.(knee injury).

Under question:

RB Leipzig: Coltorti F.(Muscle Injury), Forsberg E.(Injury), Halstenberg M.(Hand Injury), Keita N.(Thigh Injury).

Hamburger: Hunt A.(Injury), Thoelke B.(Injury).

P\u00e9rez believes Madrid move will boost Neymar’s Ballon d’Or chances

Los Blancos’ boss has hinted the Brazilian would have more possibility to flourish at the Bernabéu.

Real Madrid president Florentino Pérez believes Neymar will have a better shot at winning the Ballon d’Or award if he joins the reigning La Liga and Champions League champions.

The former Barca man moved to Paris Saint-Germain during the summer transfer window in a record-breaking move worth €222m. The main reason, according to a number of news outlets, is the fact that the Brazilian wanted to get out of the shadow of Lionel Messi, which would give him a better chance to establish himself as the best footballer in the world.Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Gi上海夜网ven how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

Even though Neymar has been tremendous on the pitch for the Parisians, various reports in France suggest that the Brazilian is not happy at Parc des Princes due to the way Unai Emery is operating. The Brazilian has also been tipped for a shocking Real Madrid move, which Pérez believes would be beneficial for the 25-year-old if he is to persue the Ballon d’Or award.

“Being in Madrid would make it easier to win the Ballon d’Or.” Pérez said, according to Goal.

“Real Madrid is a club which gives all you need as a big player, everyone knows that I already wanted to sign him at one point.”

Preview: Austria Vienna – AEK Athens

The last round of games in Europa League (EL) Group D sees a straight shootout between Austria Vienna (third) and AEK Athens (second) to see who will progress to the next phase as the second-placed team. For Vienna, nothing but a win will suffice which will give them the edge on AEK due a superior head-to-head, while AEK only need to avoid defeat.

Flashscore presents the key facts before the match:

Both sides come into this game on the back of contrasting fortunes. Vienna are on a quite miserable run, winning just three games out of their last fourteen in all competitions and losing nine (two draws). The second most successful club (to Rapid) in the Austrian game find themselves in a mid-table position in their home league, a whopping 18 points off Salzburg in top spot.

AEK are in much better health and find themselves top of the Greek Super League after going on a run on five unbeaten games in the league and nine in all competitions. Striker Marko Livaja has scored five goals in his last four league games in that time and also notched two in the 2-2 draw between the sides on matchday two, including the last minute equalizer.

Vienna have lost both of their home ties in this year’s EL, and face a side in AEK who have so far gained more points on the road than at home (four as opposed to three). Indeed, Vienna are winless in their last seven European home games (D2, L5) and have one solitary victory to their name in 15 EL/UEFA Cup group games at home! AEK are yet to taste defeat in their last seven European games, drawing the last four, but have only scored in one away game in their last five EL away days!Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

With AEK just needing a point and already managing to cancel out group winners AC Milan twice among their four draws, this might turn out to be a hard night for Vienna against a disciplined Greek defence. However, Vienna captain Raphael Holzhauser was upbeat ahead of the game, saying: “It’s time for a home win, there is no better way.” Only time will tell if his confidence was justified.

Missing players

Austria Vienna: R. Almer (knee injury), A. Grunwald (injury), F. Klein (injury), C. Martschinko (knee injury), H. Westermann (knee injury), A. Borkovic (doubtful),上海夜生活 V. Demaku (doubtful)

AEK Athens: J. Johansson (knee injury), P. Mantalos (knee injury), U. Cosic (doubtful), K. Lamropoulos (doubtful), A. Traustason (doubtful), A. Vlachomitros (doubtful).

Lingard wants to make sure that Manchester will be red

The Manchester United youngster, Jesse Lingard, tried to boost the confidence of his side before the upcoming derby clash against Manchester City by saying that the city has to be red after that fixture.

The young winger insisted that he can’t see any reason why his Red Devils can’t beat the league leaders at home and start chasing them – the Citizens are now eight points ahead of their rivals but the title race is still far from being over. Jesse Lingard seems to be highly motivated for that clash and he wants to do his best to help his side in their effo上海夜生活rt to minimize the deficit in the Premier League table.

The Englishman spoke about the upcoming game as he said, according to Goal: “I am confident. It’s two great teams going out there and you don’t know what the game is going to be like. It might be a battle; it might not be pretty. But if we come out on top, it’s always good for the city of Manchester. We need to make sure that Manchester is red at the end of the day. Like us, they have lots of big players.”Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

He added that Manchester City are very strong and he pointed out two specific key players: “When [Kevin] De Bruyne’s on the ball, he’s always got that eye for a killer pass that can put a player one-on-one with the keeper, and Raheem Sterling’s been popping up with the late goals.”

In the end, Jesse Lingard claimed that he will forget his friendships with the opposition players for these 90 minutes: “You know quite a lot of them [City’s Academy players] growing up, and through the England set-up as well. I’m good friends with Raheem [Sterling] off the pitch. But when you’re on the pitch, there are no friends and we’re there to do a job and win the game.”

Neymar’s bonus for Ballon d’Or

PSG have promised to reward Neymar in case the Brazilian manages to win the Ballon d’Or trophy.

The record transfer of Neymar from Barcelona to PSG continues to impress with the numbers included in the deal. The Parisians paid the €222m release clause in the Brazilian’s contract and offered him wages of around €100k per day (€36,8m/year), making him the most expensive and the best paid player in the world.

In addition to that, Neymar also has a clause in his contract that will see him earn a bonus of €3m every time he manages to win the Ballon d’Or trophy, according to Le Parisien.

Since 2008, the Ballon d’Or award has only been won by Messi and Cristiano Ronaldo. The Argentinian took the trophy home 5 times, while the Portuguese is still one behind his rival. However, Ronaldo has big chances of equalling Messi’s number of trophies this year.Report: Icardi opens PSG account in 0-1 win over Gala George Patchias – Mauro Icardi opened上海夜网 his goal-scoring account for PSG in a 0-1 away victory over Galatasaray.While Thomas Tuchel has begun to integrate Mauro Icardi into…

Even though Messi and Cristiano Ronaldo are again the favourites for the award this year, Neymar also has a chance. He has been included on the 30-men shortlist for the FIFA gala that will take place in December and that will announce the winner.

26 years have passed since the last time a player from the French league won the Ballon d’Or. In 1991, Jean-Pierre Papin was awarded the trophy. That year, Papin helped Olympique Marseille reach the Champions League final, where they eventually lost to Red Star Belgrade, 3-5 at penalties.

Muller continues the attacks on Ancelotti

Carlo Ancelotti has left Bayern Munich after multiple players complained about his methods.

After the appointing of Jupp Heynckes, some of Bayern’s players are still hitting out at their former manager. Most recently, Thomas Muller stated that he is certain the arrival of Heynckes will bring a revival in the team’s playing style.

The German midfielder was, along with Franck Ribery and Arjen Robben, decisive for the departure of Carlo Ancelotti, after the 3-0 defeat to PSG in Champions League.Report: Ancelotti’s Napoli held by Genk George Patchias – Carlo Ancelotti’s Napoli side was held to a scoreless draw by Belgian side Genk.This game was billed as a goal fest for the Italian…

Immediately after the appointing of Heynckes, one of the first reactions of Muller was: “Finally we will have good training sessions again”, hinting at the low quality of trainings under Ancelotti.

Speaking about the managerial change, Thomas Muller said: “Now we have no excuses. A change of manager always brings energy and we, the players, have to give everything. Both Jupp Heynckes and his staff came with a lot of energy to trainings from the beginning.” 

Bayern’s first match 上海夜网with Heynckes on the bench is to be played on Saturday, 15:30. The Bavarians will host Freiburg at Allianz Arena. Bayern are currently second in the standings, with 14 points after 7 rounds, five less than Bundesliga leaders, Borussia Dortmund.

Toshack uncertain of Bale’s future in Spain

The Wales international has been struggling with injuries ever since arriving at the Bernabéu.

Gareth Bale’s inconsistent fitness situation is making things really difficult for the club and could lead to a transfer, according to former Wales and Real Madrid boss John Toshack.

Bale is currently going through his 18th injury that has forced him on the sidelines since joining Real Madrid from Tottenham in 2013. The Welshman has certainly enjoyed successful times at his new club, securing three Champions League trophies and a La Liga trophy, but his inability to stay available for the first squad is proving to be a problem for Los Blancos. This has caused a lot of controversy regarding his future in Spain, with Manchester United considered a long-time admirer of the winger.

“His injuries are probably hindering him now.” Toshack told El Larguero regarding Bale’s situation.

“He has missed so many matches and despite Madrid winning so many matches and trophies, i上海夜生活t must be hugely frustrating.Juan Mata backs Solskjaer to end Man United’s trophy drought Andrew Smyth – Juan Mata is convinced Ole Gunnar Solskjaer will end Manchester United’s trophy-drought sooner rather than later.

“Should he move to another club? Only people at Madrid will know about this but the demands at the Bernabéu are very, very high.

“If you are less than 100 per cent physically fit, it becomes even harder.

“He is now 28 and 11 years after making his debut with me at 17, these should be the best years of his life.

“The entire BBC [Bale, Karim Benzema and Cristiano Ronaldo] now has problems and for various reasons, such as others now coming through, I’m unsure we’ll see much more of them together from now on.”

Bellerin: Arsenal silenced doubters

Arsenal defender Hector Bellerin claims the Gunners have silenced their critics when they defeated Tottenham in the north London derby at Emirates

Thanks to the goals of Alexis Sanchez and Shkodran Mustafi, Arsenal are now within one point of their local rivals Tottenham Hotspur in the English Premier League.

Not only the result, but the manner the Gunners showed in their victory is what silenced the naysayers, according to Bellerin.

“There’s always a lot of talk but I think it was one of those games where we showed what we could do. We shut some mouth as well,” Bellerin told Arsenal’s official website.

上海夜生活

“There are people who talk a lot and now, after watching that game at home, they’ll be thinking that these guys have a chance.”

Arsenal need to keep up the intensity against Burnley as they meet in next weekend’s Premier League clash.Top 5 Premier League players in September’s last weekend Tomás Pavel Ibarra Meda – A fresh Premier League fixture just ended, which means we can talk about the Top 5 best players of September’s last weekend.After a fresh…

“That’s what we’re trying to do. Sometimes, for different reasons, we haven’t been able to do it, but this is how we set the bar and show what potential we have,” Bellerin said.

“That’s what we’ve got to work hard to do every single week, week in, week out.”

This was the first north London derby defeat of Mauricio Pochettino’s side and it resulted in Spurs now being 11 points behind league leaders Manchester City.

“It’s a low, it’s a big hit for us,” Tottenham midfielder Christian Eriksen told the club’s official website.

Defender Ben Davies added: “We know we can do so much better than that. When their goal came it was a bit of a sucker-punch and to concede another before half-time was a bit sloppy and killed us. We were confident in ourselves.”

Arsenal will get a chance to take over Tottenham in the next fixture of the English top-flight, but the Gunners will need to do their best if they want to defeat Burnley, who are in great form currently.

Robben wants Heynckes to stay

33-year-old Bayern Munich winger Arjen Robben admitted he wants current head coach Jupp Heynckes to stay at the German club

The veteran coach was brought in as a stop-gap measure, but the Dutchman is keen the arrangement is made more permanent, GOAL understands.

The 72-year-old tactician was brought back as a temporary solution after the sacking of former head coach Carlo Ancelotti. However, Heynckes had done such a great job, that many suggest he should stay on for a longer period.

It’s not only Arjen Robben who thinks that way, as club legend Lothar Matthaus also praised Heynckes on Monday, saying there is “no better coach on the market.”

Robben was asked how he would feel if the 72-year-old manager were to stay with Bayern.

“It would be a pleasure! Anything is possible,” the Dutchman told Bild.

“It’s going very well. If anyone knows the club, then it’s him. He also knows what’s needed in football today. Everything is great.”Kovac cryptic about plans to stop Kane Nedim Maric – Bayern Munich will travel to North London in order to face Pochettino’s Tottenham in a Champions League derby.Bundesliga looks like it’s never been as…

However, even though Robben wants Heynckes to stay, it’s not up to him and the winger claimed he doesn’t know what’s going to happen.

“I don’t know what he thinks or what the plan for the club is,” Robben explained.

Bayern’s chairman of the executive board Karl-Heinz Rummenigge was also asked about the issue and he claimed he’ll stick to what the club and the manager have agreed on.

“When Jupp arrived, we made it clear his timetable with us and that has not changed. I stick to what we’ve agree interval,” he said.

“He’s undoubtedly had a great effect. The team is stable, playing well, and exudes fun. We’re doing well in three competitions. Not only are we winning, but we’re playing good football.”

上海夜生活论坛The Bundesliga giants are leading the German top-flight, while they managed to secure progress in the Champions League as well.

Abidal hopeful that Mbapp\u00e9 will win the Ballon d’Or

The former Catalan has backed up the youngster, insisting he has the potential to win the award in the future.

Former Barcelona full-b上海夜生活网ack Eric Abidal is hoping that Kylian Mbappé will become the best footballer in the world. The 18-year-old has established himself as one of the most promising footballers of our generation, scoring 26 goals during a remarkable campaign with AS Monaco last season. He has also reached the final 30 nominees for the Ballon d’Or award this year, but will likely not win the competition with Ronaldo and Messi being the favourites as usual.

However, Abidal has recognized the enormous talent of Mbappé and says he will be rooting for this fellow countryman to win the most prestigious individual award one day.

“Yes he can,” said Abidal when asked whether Mbappé could become one of football’s greatest players, according to Goal.Neymar keeps winning matches for Paris Saint-Germain Tomás Pavel Ibarra Meda – Another solitary goal from Neymar gave Paris Saint-Germain the victory at Bordeaux on Saturday. Mbappe played football again.With this latest goal against Bordeaux, that…

“But I can say also he has to, because he has a lot of talent.

“He is only 18-years-old. PSG have hired one of the best players of his age so he deserves a good career. But he has to work. Talent is not enough, you have to work every day.

“And with Neymar and other good players around him he has to learn from them.

“I’m French and he’s French too so I hope in a few years he wins some titles with his club and maybe in a personal capacity too, like a Ballon d’Or.”

Spalleti happy with his current squad

The Italian coach insists he has ‘a perfect squad’ at his disposal.

Inter head coach Luciano Spalletti believes the team he is managing in great and promised they would show that. Despite a rather quiet transfer window for the Nerazzurri, their manager is more than happy with the players he is currently working with.

“We expected a different transfer market it’s true,” Spalletti confessed in an interview with Gazzetta dello Sport.

“I was convinced I could cook with certain ingredients. No上海夜生活论坛w though I’m 100 per cent satisfied.

“When I said at Riscone that promises had been made and I’d speak out if they weren’t kept the transfer window wasn’t over and above all I still didn’t know all the players.Fabio Capello stands up for Antonio Conte, compares him to Mourinho Nedim Maric – Former Italian manager talked about the current prospects of Serie A, and Conte’s success at Inter so far.Inter look like a different team with…

“The quality of the lads is very high, I’ve found them to be available, motivated, and true professionals.

“Being a professional means having expertise and passion for what you do, and 55-60,000 people will come to the stadium on Sunday because they’re convinced by what the lads have done so far.

“We’re starting 29 points down on Juve, 25 on Roma and 24 on Napoli, so we need seven or eight more wins in the league [than last season].

“Everyone has to improve but I have a perfect squad, and we’ll show you. We signed people who fit the bill.”

Morata to persuade Real duo to join him at Manchester United

Alvaro Morata is already with one step on Old Trafford, and the Spanish striker is trying to persuade two of his Real Madrid teammates to join him in England.Written by Cosmin Mihalescu. June 12, 2017.

The 24-year-old striker is set to become the most expensive Spanish player ever transferred, with Manchester United ready to pay €70m for his services. The previous record was the one of Fernando Torres, who moved from Liverpool to Chelsea in 2011, for €58,5m.

But Morata is not looking to come alone from Santiago Bernabeu to Old Trafford. According to his social media activity, the striker would entertain the idea of persuading two of his colleagues to join him at Manchester United.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

Alvaro Morata liked a recent post on a Manchester United fan page, which was stating that the striker “is set to join Manchester United and has told Gareth Bale to join him and make the United squad better, and James Rodriguez has been told by his stepfather to join United in the summer, to get more playing time.”

James Rodriguez has previously been linked with a move to Old Trafford, but recent reports suggest that he is closer to a move to PSG, with the Parisians lookin上海夜生活网g to strengthen their team after a failed season.

Regarding Gareth Bale, the Welshman could be sold by Real Madrid, who are looking to raise money and create space for the biggest transfer in history – Kylian Mbappe from Monaco.

Claudio Ranieri might become the next manager of Nantes if French Football Federation approves the deal

French FF rule prevents clubs from appointing managers aged over 65Written by – Nikolay Nikolov, June 13, 2017.

Claudio Ranieri has agreed on a deal which can bring him back to football for the first time since he was sacked by Leicester City. However, the deal might not be approved by the French Football Federation due to his age.

The Italian is set to become the next manager of Ligue 1 club Nantes, who are awaiting a confirmation of the deal.

A rule states, that clubs cannot appoint managers who are over the age of 65, which is exactly the age that Ranieri turned in October last year.

Nantes president Waldemar Kita was confident that the deal will go through and expressed his interest in the experience that the Italian has.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

‘The league agrees, I believe that only the FFF is delaying the appointment a little, I do not know why.

‘What we are interested in is the experience of Ranieri as a footballer and coach, since we know that he has coached the biggest teams in Europe.’

Ranieri won the Premier League in his first season as a manager of Leicester City in 2015-16. However, he was sacked in February 2017 after series of disappointing results that left Leicester in relegation danger.

Ranieri’s experience includes managing Fiorentina, Valencia, Atletico Madrid, Chelsea, Juventus, Monaco and the Greece national team.

Now, he wan上海夜生活网ts to return to the French Ligue 1. Appointment of over 65 aged managers has been done before when Lens were allowed to appoint veteran coach Guy Roux.

Inter to go shopping in Barcelona

Inter’s new Chinese management is not messing around. They have not given up on Diego Simeone and are now planning a bid for one of Barcelona’s stars.Written by Cosmin Mihalescu. April 29, 2017.

The new Internazionale Milano project is coming to life, and t上海夜生活heir Chinese management is setting ambitious targets for the summer transfer window.

Their latest target is Barcelona’s midfielder, Arda Turan. The Turkish press has announced that the capital infusion aims to build a strong team at Giuseppe Meazza. Having had their initial approach of Diego Simeone refused by the manager, Inter are now looking to show the Argentinian that they really mean business and are ready to offer him a strong squad.Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

Arda Turan was highly appreciated during his time at Vicente Calderon, while playing under Simeone. And is now considered the perfect foundation to paving the way for great things in the future. Although no official bid has been made yet, the €30m-rated midfielder will be approached in the following days.

Barcelona have paid €34m to Atletico for Turan’s transfer in 2015, who was unavailable for selection for a period of six-months, due to Barcelona’s UEFA ban of registering new players.

Arda Turan has won three trophies with Barcelona: La Liga title (2016), Spanish Cup (2016) and Spanish SuperCup (2016). He had his debut for the Turkish national team in 2006, and he has since then played 96 times, scoring 17 goals.

Exclusive: PSA, Dongfeng to drop two China auto plants, halve workforce – document

BEIJING/PARIS ( ) – Peugeot maker PSA Group (PEUP.PA) and partner Dongfeng Group (0489.HK) have agreed to cut thousands of jobs in China and drop two of their four shared assembly plants, according to a document seen by , in a last-ditch bid to curb mounting losses as the world’s largest auto market loses steam.

Dongfeng Peugeot Citroen Automobiles (DPCA), the carmakers’ joint venture based in Wuhan, central China, will halve its workforce to 4,000 as it closes one plant and sells another under plans agreed last month between PSA boss Carlos Tavares and Dongfeng Chairman Zhu Yanfeng, the document showed.

Both carmakers declined to comment on details of their restructuring plans. “We are working with our partners to improve the overall performance of our business in China in all its dimensions,” a PSA spokesman said.

The agreement may avert a threatened withdrawal by PSA, according to two sources at the French carmaker who said their chief executive had signaled that PSA might otherwise exit the 27-year-old partnership with its 12.2% shareholder Dongfeng, or even leave China altogether.

“We’re just a whisker away from having to withdraw from China,” said one person close to the PSA board. “It really is that serious.”

PSA is attempting a reboot in adverse conditions. Once an auto industry cash cow, the Chinese market contracted last year for the first time since the 1990s and is expected to decline another 5% in 2019, squeezed by a worse上海夜生活ning U.S.-China trade war.

Many Western carmakers were already struggling before the downturn, as Chinese consumers abandoned their mid-market brands for increasingly assertive domestic rivals here including the global manufacturers’ own local partners.

PSA’s deep China problems go back even further, spanning four years of plunging sales and 400 million euros ($450 million) written off its DPCA stake, which is now valued at 500 million euros.

Its sales in the country shrunk almost threefold to 251,700 vehicles last year from a 2014 peak of 731,000.

“We’re not giving up,” a PSA spokesman said. “We are still pursuing our action plan to cut fixed costs.”

DPCA will now close its original assembly plant, Wuhan 1, and redevelop the site in a commercial partnership with the local government, according to the plans. The factory’s tooling and production will be transferred to the Wuhan 3 facility.

Headcount across DPCA will fall from 8,000 to 5,500 by the end of 2019 and to 4,000 within another three years, as it also sells off its idling Wuhan 2 facility, according to the document – which noted ongoing discussions with unidentified potential buyers.

Underperforming vehicles will be dropped as the Peugeot and Citroen lineups are streamlined around more profitable models, mirroring the European turnaround strategy now powering record margins in PSA’s home markets.

HURDLES

The carmakers’ dealings have often been fraught, and PSA executives including Tavares have voiced frustration with DPCA’s management. The French group’s shares briefly spiked on an Aug. 7 report that Dongfeng was preparing to divest its PSA stake, acquired in a 2014 bailout.

Questioned by analysts about China operations, Tavares pledged during PSA’s July 24 earnings call to “accelerate variable cost reduction, reduce fixed cost” and boost pricing.

“Our partner is in the same mindset,” he said of Dongfeng. “They also want to accelerate.”

The restructuring faces hurdles, not least the challenge of finding a Wuhan 2 buyer amid mounting uncertainty – although Chinese government restrictions on greenfield sites may help.

Over the past 18 months, Dongfeng’s Chairman Zhu tried repeatedly to persuade Honda (7267.T) or Nissan (7201.T) to take over one of the DPCA plants, reported on Aug 1.

LG Electronics, regulators oppose Qualcomm’s effort to put…

( ) – Smartphone maker LG Electronics Inc on Tuesday opposed Qualcomm Inc’s efforts to put a sweeping U.S. antitrust decision against the chip supplier on hold as it pursues an appeal.

The Korean company said that it is negotiating chip supply and patent license agreements with Qualcomm and could be forced into signing another unfair deal unless a federal judge’s protections remain in place.

The filing in federal court in San Jose, California, came shortly after the U.S. Federal Trade Commissi上海夜生活论坛on also opposed Qualcomm’s efforts, saying that it was in the public interest to let the antitrust ruling stand because an appeal could take years.

Both filings stem from a May 21 decision by U.S. District Judge Lucy Koh that would drastically alter the business model of Qualcomm, which supplies modem chips to connect phones to mobile data networks but makes most of its profit through licensing patents.

Among other things, Koh’s decision would require Qualcomm to license its patents to rival chip makers instead of phone makers, which could potentially slice its patent royalties from several dollars per phone to pennies.

Qualcomm on May 28 asked Koh to set aside her decision while it pursues an appeal. The company said that Koh’s decision would entail “radically restructuring its business relationships” in ways that would be impossible to reverse if it wins an appeal.

It also argued that Koh’s ruling raised “serious legal questions” because, among other things, Koh blocked market evidence showing that Apple Inc dropped Qualcomm in favor of rival chip supplier Intel Corp.

In a court filing on Tuesday, JongSang Lee, LG Electronics’ general counsel, said that the phone maker relies on Qualcomm for modem chips and is in the midst of negotiating a new agreement, including over 5G chips for the newest generation of mobile networks in Korea.

Lee wrote that Qualcomm has continued to pressure LG Electronics to sign a patent license in order to keep its access to Qualcomm chips, which it relies on for its phones. LG Electronics’ agreement with Qualcomm runs out on June 30, and the phone maker may have “no option but to conclude license and chipset supply agreements once again on Qualcomm’s terms, since LGE must rely on Qualcomm’s modem chips,” Lee wrote.

Koh’s decision “prohibits Qualcomm’s long-standing ‘no license no chip’ position, which Qualcomm has continuously raised during its license negotiations with LGE,” Lee wrote. “Without this order, LGE will continue to face Qualcomm’s anticompetitive stance during currently ongoing negotiations.”

The FTC similarly argued that Koh’s ruling should stay in place while Qualcomm appeals, saying that a prompt enforcement of the Court’s order is in the public interest.

“The appellate process could easily extend through the initial rollout of 5G technology … and a stay would allow Qualcomm time to use anticompetitive practices to entrench its monopoly power in modem-chip markets during this critical period,” the FTC wrote in its filing.

The App Association, a group that represents more than 5,000 app developers and device makers and is backed by sponsor Apple, also said it planned to oppose Qualcomm’s request, saying it would hurt smaller device makers.

“Allowing Qualcomm to continue abusing its (patents) and its wireless chipset monopoly any longer will irreparably harm opportunities for small businesses in the app and internet of things marketplace and would encourage further abusive behavior in (patent) licensing widely,” said App Association President Morgan Reed.

In April, Apple signed a six-year patent license agreement with Qualcomm and a multi-year chip supply deal. As part of the deal, Apple dropped all litigation against Qualcomm, and the company did not return a comment request asking if it would also oppose Qualcomm’s efforts to pause the antitrust ruling.

Qualcomm has signaled its intention to file an appeal but has not yet filed one or fully revealed its legal arguments. Tuesday’s filing by the FTC only concerns whether the ruling’s provisions will be put on hold temporarily as any appeal plays out.