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主持人：Peter Lewis

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .

最新

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16/05/2022

Business and Market Discussion / View from mainland China

The Hong Kong government has cut its GDP growth forecast for this year to 1 to 2%, as it warned that the local economy will continue to be bogged down by the external environment. The latest projection, released on Friday, was down from the 2 to 3.5% expansion that Financial Secretary Paul Chan announced in February. The SAR reported a 4% year-on-year contraction for the first quarter, while the quarter-on-quarter decline was revised down from an initial estimate of minus 2.9% to minus 3%.

Shanghai reported a total of 1369 cases yesterday, down almost 20% from the previous day. It was the 21st day of declines in infections in Shanghai. The city announced on Sunday that it will gradually open shopping centres, supermarkets, restaurants, pharmacies and other businesses in phases from today, while restaurants will be allowed to serve takeout food.

Credit growth in China decelerated sharply in April with total social financing and RMB loans coming in well below market expectations. New bank loans tumbled 80% from the previous month, and more than half from a year ago, as coronavirus lockdowns dampened credit demand. Total social financing, a broad measurement of funding in the real economy, was 51% lower than a year ago.

Beijing on Sunday cut mortgage rates for first time homebuyers in a bid to revive the moribund property market. First-home buyers will be able to borrow money at an interest rate of 4.4%, down from 4.6% previously and 20bps below the corresponding loan prime rate.

India banned wheat exports on Saturday, with immediate effect. Global buyers were banking on supplies from the world's second-biggest wheat producer after exports from the Black Sea region plunged following Russia's invasion of Ukraine. Before the ban, India had aimed to ship a record 10 million tonnes this year.

Global stocks have recorded their sixth straight week of declines, the longest

losing streak since the 2008 global financial crisis. The FTSE

All-World index dropped 2.2% last week on fears that policy tightening

by the Federal Reserve could tip the economy into recession. Investors

are also worried about surging inflation, the fallout from the war in

Ukraine and the lockdowns in China. That combination of fears has sent

the index down 17% from its all-time high in November 2021.

On today’s Money Talk, we’re joined by Andrew Sullivan at Outset Global and Quentin Webb from the Wall Street Journal. With a view from Mainland China is Brock Silvers of Kaiyuan Capital.

16/05/2022 - 足本 Full (HKT 08:03 - 08:35)

16/05/2022 - 8:09am Business and Market Discussion

Andrew Sullivan, Managing Director at Outset Global suggests that bitcoin is still safe following the slump in some stablecoins, but thinks there should be more regulations to protect investors.

Quentin Webb, Asia Markets Editor at the Wall Street Journal says there are very few havens from the current market slump, and not even cash when inflation is over 8%.

16/05/2022 - 8:23am View from mainland China

Brock Silvers, Chief Investment Officer at Kaiyuan Capital thinks that mainland China's decision to keep its 'zero-covid' policy is a political decision rather than an economic one, and he expects it to continue for a long period of time.

Tag: business,covid,hong kong,stocks,china