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") .
The Hong Kong government has cut its GDP growth forecast for this year to 1 to 2%, as it warned that the local economy will continue to be bogged down by the external environment. The latest projection, released on Friday, was down from the 2 to 3.5% expansion that Financial Secretary Paul Chan announced in February. The SAR reported a 4% year-on-year contraction for the first quarter, while the quarter-on-quarter decline was revised down from an initial estimate of minus 2.9% to minus 3%.
16/05/2022 - 8:09am Business and Market Discussion
Andrew Sullivan, Managing Director at Outset Global suggests that bitcoin is still safe following the slump in some stablecoins, but thinks there should be more regulations to protect investors.
Quentin Webb, Asia Markets Editor at the Wall Street Journal says there are very few havens from the current market slump, and not even cash when inflation is over 8%.
16/05/2022 - 8:23am View from mainland China