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") .
Hong Kong’s jobless rate rose to a 10-month high of 5.4% in the February to April period, up from 5% in the January-to-March period. The rolling three month period saw unemployment increase 0.4 percentage points, with about 206,100 people out of work. Officials said employment weakened in almost all sectors in the three months ending April. The underemployment rate also rose from 3.1% to 3.8%. Labour secretary Law Chi-kwong said, “the labour market should see improvement in the coming months.”
20/05/2022 - 8:10am Business and Market Discussion
Andrew Freris, Chief Strategist at UCAP HK Asset Management notes that citywide lockdowns in mainland China have had a global impact as many countries are dependent on China's supply chains.
Alicia Garcia Herrero, Chief Economist for Asia Pacific at Natixis thinks that mainland China's infrastructure plan will not improve the country's economy when most people are in lockdown.
20/05/2022 - 8:26am HBSC break up
The People’s Bank of China Deputy Governor Chen Yulu said Thursday stabilising economic growth was its top priority and it will step up support for weak sectors. He said, “the PBOC will make stabilising growth a more prominent priority, strengthen cross-cyclical policy adjustment, and accelerate to implement policy measures already announced, especially to actively plan new policy tools.” However, he did not elaborate on what the new policy tools would be.
13/05/2022 - 8:09am Business and Market Discussion
Andrew Freris, Chief Strategist at UCAP HK Asset Management notes that the HK dollar is dropping against the US dollar which could lead to capital outflows from the SAR.
Iris Pang, Chief Greater China Economist at ING Wholesale Banking notes that the uncertainty over the duration of the lockdown in Shanghai is affecting market sentiment and weakening the domestic economy, causing a drop in the Chinese yuan.
13/05/2022 - 8:25am View from India