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") .
The moment of truth for troubled property developer China Evergrande has arrived, after Chinese authorities told major lenders not to expect interest payments from the firm this week. On September 23, Evergrande is due to pay US$83.5 million in interest for a dollar-denominated note, in addition to 232 million yuan (US$36 million) for a renminbi note.
20/09/2021 - 8:09am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital thinks that the potential Evergrande default is causing widespread concern among other property developers and there could be a domino effect.
John Schofield, Managing Director at Tempus Investment thinks that the Macau government wants the SAR to divert away from its gaming sector.
20/09/2021 - 8:24am View from mainland China
In a highly unusual move, HSBC and three other major banks have suspended mortgages on unfinished Evergrande Projects in Hong Kong. China Evergrande Group is the most indebted property developer in China and its shares have fallen more than 25% this week on fresh signs of a cash crunch at Evergrande.
22/07/2021 - 8:10am Business and Market Discussion
Personal Wealth Adviser Enzio Von Pfeil said that America’s economic time is transmogrifying from a short-lived excess demand for goods into an excess supply of goods, which is not good for America’s profits outlook.
Louisa Fok, China Equity Strategist at Bank of Singapore thinks that the delta variant of Covid-19 is causing a lot of volatility in equity markets.
22/07/2021 - 8:24am View from Taiwan