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") .
About US$16bn was wiped from the value of three major Chinese education companies listed in New York on Friday after China's State Council said it would ban academic tutors from making a profit. Institutions which provide tutorial classes on the school curriculum will be required to transform themselves into non-profit organizations. Education platforms will likely no longer be allowed to raise capital or go public.
26/07/2021 - 8:09am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital thinks that the ban on Chinese education companies from making a profit will dissuade foreign investors from investing in the Chinese stock market, which in turn will need to command a higher discount.
Louis Kuijs, Head of Asia Economics at Oxford Economics expects that emerging market central banks in Asia will need to raise rates earlier than the Fed, to combat inflation.
26/07/2021 - 8:23am View from mainland China
The Hong Kong government yesterday announced a further relaxation of social distancing rules for bars, restaurants and clubs after the territory recorded zero local coronavirus cases for 14 consecutive days. The SAR will also reduce the Covid-19 quarantine period to seven days for vaccinated international travellers and is due to start on June 30 for local residents. Several Hong Kong businesses said the easing of the ‘vaccine bubble’, quarantine rules was too conservative and too late.
23/06/2021 - 8:08am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust suggests that the US Federal Reserve should be worried about the long term effects of inflation instead of short term spikes.
Dickie Wong, Head of Research at Kingston Securities thinks that the new spending vouchers can give a boost to Hong Kong’s economy to some extent and thinks that different social groups can benefit from the incentive.
RTHK’s International Economics Correspondent, Barry Wood, reports that the imminent closure of Apple Daily has gained international interest and he is worried about the implications for Hong Kong as an international media hub.