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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Hong Kong shares plunged Monday and equity markets in Europe and the US slumped as the crisis at indebted property developer China Evergrande deepened and contagion rippled across financial markets. Shares of Evergrande and its subsidiaries tumbled along with other real estate stocks and bank and insurance shares which are seen as being affected by the fallout. Last week, Chinese authorities told major lenders not to expect interest payments from the firm this week.
21/09/2021 - 8:09am Business and Market Discussion
Will Denyer, US Economist at Gavekal says that the US Federal Reserve needs to review the rules and regulations on what securities Fed members can purchase to avoid a conflict of interest.
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia believes that the China Evergrande crisis could be the tip of the iceberg and develop into a wider property market slump.
21/09/2021 - 8:24am View from Japan
Hong Kong’s Financial Secretary, Paul Chan, warned on Sunday that the deficit in the current fiscal year will hit a record high of HK$300 billion, but an increase in stamp duty revenue last year helped mitigate the financial situation. He said it'll be difficult to "sweeten" the financial blueprint, but there will be a combination of measures to help alleviate people's burden, though the scale may not be as big as last year.
16/02/2021 - 8:07am Business and Market Discussion
Michelle Lam, Greater China Economist at Societe Generale, says that a hike in China's interest rates by the PBOC could trigger market volatility and take investors by surprise.
Wiliam Ma, Hong Kong-based investment executive, still favours new economy sectors over the old economy, and says it is too early to rotate back to the old economy, as the market still favours growth
16/02/2021 - 8:23am View from Japan