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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Chinese technology shares have slumped for the third consecutive day as the regulatory crackdown by Beijing broadens. On the first anniversary of its inception, the Hang Seng Tech Index fell by the most since it was launched one year ago. Hit by waves of selling, nearly half of its members fell by more than 10%. The broader Hang Seng Index fell more than 1,000 points for the second straight day, with turnover hitting a record high.
28/07/2021 - 8:11am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust says that the latest global economic forecast from the IMF shows a major divide between emerging and developed nations, with the difference between vaccination rates determining whether economies have reopened and recovered.
Samuel Faveur, Chief Executive Officer at Mandarin Capital thinks that the crackdown on the education sector in mainland China is alarming for investors, and questions whether fund managers can invest in Chinese stocks amid the policy uncertainty.
RTHK’s International Economics Correspondent, Barry Wood thinks that the meeting between US and China officials in Tianjin went badly as the talks made no progression and tensions between the two nations remain stiff.
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.