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") .
China Evergrande has avoided default on one of its offshore bonds after making a last-minute interest payment. Evergrande had missed a US$83.5m coupon payment due on September 23, but on Friday the company deposited the US$83.5m into a bank account at Citibank, ready for payment to bondholders.On Sunday, Evergrande said it had resumed work on more than 10 projects in six cities including Shenzhen.
25/10/2021 - 8:09am Business and Market Discussion
25/10/2021 - Common prosperity
China’s online gaming industry has become the latest sector to come under intense pressure from state media. The Economic Information Daily, an offshoot of China’s official Xinhua News Agency slammed the online gaming industry as “spiritual opium” and “electronic drugs”, in a report that was later deleted. It called for stricter controls over time spent on games, raising fears that the regulatory crackdown on the mainland will target online entertainment next. After the article was published, Tencent announced new restrictions limiting how long minors can play its online games and banning players aged under 12 from spending money on video games.
04/08/2021 - 8:10am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust thinks that the SAR government's new covid19 regulations are a good start, as many international businesses and merchants need mobility and freedom to travel.
David Roche, President & Global Strategist at Independent Strategy suggests that mainland China's crackdown on the gaming sector reflects the government's desire to take full political control of business sectors.
RTHK’s International Economics Correspondent, Barry Wood, predicts that pension funds in the US may pull out from mainland China due to policy and regulatory uncertainties.