This and every Saturday morning at 8:30, join Peter Lewis for Money Talk Xtra, a programme about personal finance, about investing, and about entrepreneurship. Each week Peter and his team delve into issues relating to your money, your investments, and your finances, with expert guests to answer your questions. He'll look at some of those life changing events that can impact your personal financial situation, talk about investment, and discuss topical issues.
Produced by Phil Whelan
On this week's Money Talk Xtra, we're going to take a look at virtual banking in Hong Kong to find out what this revolution in financial services means for you as a customer. Jimmy Lam is going to speak to a listener whose business and finances have been affected by the US-China trade friction. Finally we’re going to hear how the MPF funds are doing during the current bout of market turbulence. Don’t miss Money Talk Xtra, hosted by Peter Lewis, on Saturday morning from 8:30.
If you want to tell us about any of your financial concerns, then email@example.com is the email address or take a look at our Facebook page – Money Talk Xtra on RTHK Radio 3.
08/12/2018 - Virtual Banking
08/12/2018 - US-China trade tension
08/12/2018 - MPF performance
Pension provider Fidelity International said that Hongkongers must save 12 times their annual salary to afford pre-retirement lifestyles at 65. This means an employee with the city’s median monthly income of HK$16,800 will need about HK$2.4 million to maintain their current lifestyle once they retire. However, Mandatory Provident Fund members had only HK$380,000 saved on average at the end of September, only a sixth of what is required. To make up for the shortfall, Fidelity said each employee will need to save an additional 20% of their annual income on top of their MPF contribution.