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’s National Bureau of Statistics reported Tuesday that the mainland’s property and construction industries contracted in the third quarter for the first time since the start of the pandemic, hit by a slump in real estate. Output in the sector fell 1.6% from a year ago.
20/10/2021 - 8:09am Business and Market Discussion
Carlos Casanova, Senior Asia Economist at UBP expects that growth in mainland China will decline in Q4 due to the debt crisis in the property sector, as housing contributes 20 to 25% of the country's GDP.
Dickie Wong, Head of Research at Kingston Securities predicts that coal supply in mainland China will not be scarce for the upcoming winter, as the country has restarted imports from Australia and the authorities will implement policies to stabilize supplies.
RTHK’s International Economics Correspondent, Barry Wood believes that inflation is not transitory in the US and worries that it will become a long term issue.
Hong Kong Chief Executive Carrie Lam will deliver her 2021 policy address later today and is expected to announce a range of measures to increase land supply, after Beijing stressed that Hong Kong needs to tackle its housing shortage.
06/10/2021 - 8:09am Business and Market Discussion
Mark To, Director of Asset Management, Wing Fung Financial Group thinks that the overall relationship between the US and China is more friendly and less hostile compared to the past, but notes that there hasn’t been any breakthrough on trade.
Carlos Casanova, Senior Asia Economist at UBP predicts that there will be inflation increases across the globe because of the surge in coal and natural gas prices.
RTHK’s International Economics Correspondent, Barry Wood thinks that the investigation into "ethically questionable transactions" by senior Fed officials could jeopardize Jerome Powell’s chances of being renominated as Fed chairman.