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") .
Hong Kong will from today scrap its stringent hotel quarantine measures for incoming travellers which have been in place for two and a half years. Instead of the current "three plus four" arrangement, where travellers have to quarantine in a designated hotel for three days and spend another four days monitoring their health, arrivals will be given an amber health code for three days, barring them from places like restaurants, bars and gyms but they will be allowed to go to work and attend school, as well as visit places where vaccine pass checks are not mandatory. It is the most substantial move the SAR has taken to date to end its pandemic isolation, and Mr. Lee signalled more easing is likely as the city tries to repair its status as a global financial centre.
26/09/2022 - 8:10am Business and Market Discussion
Alex Wong, Director of Alex KY Wong Asset Management, thinks that the SAR's decision on lifting quarantine measures will not attract tourists and will likely not have an immediate impact on the city's economy.
Sean Darby, Chief Global Equities Strategist at Jefferies Hong Kong, notes that Central Banks around the world are fighting to compete with the US due to worries over imported inflation and a depreciation over their currencies.
26/09/2022 - 8:25am View from mainland China
Chinese state-owned groups could guarantee the renminbi bonds of troubled property developers, easing some of their financing woes. Yesterday, online financial news platform REDD said Chinese regulators plan to provide liquidity support to five or six select developers via new yuan bonds guaranteed and underwritten by state-owned firms. The direct backing and guarantees from state-owned banks could provide a boost for lower-risk developers whose ability to refinance debt obligations in the onshore market has come under pressure this year.
17/08/2022 - 8:09am Business and Market Discussion
Asian Fund Management Industry Consultant, Stewart Aldcroft, says that Beijing wants Tencent and other platform companies to not have such a large say in firms that Chinese consumers depend upon.
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia reports that many US consumers are still hesitant about spending due to the rising cost of living.
RTHK’s International Economics Correspondent, Barry Wood, notes that the US housing sector is slowing dramatically due to rising mortgage costs.