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") .
There is uncertainty for Evergrande’s offshore creditors this morning after the crisis-hit property developer failed to make a US$83.5m payment on its US$2bn 8.25% March 2022 offshore bond by the deadline of noon Friday in Hong Kong. The company, which has not made a public statement on the repayment or a filing to the Hong Kong stock exchange, has a 30-day grace period before any failure to pay officially results in a default.
27/09/2021 - 8:09am Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital thinks that the Evergrande crisis has affected other property developers and dragged down residential home sales.
Tariq Dennison, Wealth Manager at GFM Asset Management does not believe that the release of Huawei CFO, Meng Wanzhou, will lead to a thawing of US-Sino tensions.
27/09/2021 - 8:24am View from mainland China
Shares of the world’s most indebted property developer China Evergrande, which has more than US$300bn of liabilities, plunged further on Tuesday morning, after it filed a highly negative update on its business operations and liquidity condition with the Hong Kong stock exchange.
15/09/2021 - 8:09am Business and Market Discussion
Nitin Dialdas, Chief Investment Officer at Mandarin Capital says that the fall of China Evergrande was inevitable as the company's business model of offering wealth management products at unrealistic rates to retail investors to fund its property developments, is unsustainable.
Le Xia, Asia Chief Economist at BBVA Research predicts that mainland China's economic recovery weakened in August due to a relapse in covid19 cases, which has affected domestic demand, but he notes that export sectors are still doing relatively well.
RTHK’s International Economics Correspondent, Barry Wood thinks that the US Federal Reserve will not start tapering its US$120bn a month of bond purchases until 2022.