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Business and Market Discussion / Events Industry

2021-07-29

Business and Market Discussion / Events Industry

2021-07-29
 The US Federal Reserve has concluded its two-day monetary policy meeting by leaving interest rates on hold near zero and said the economy continues to improve despite concerns over the spread of the pandemic. But FOMC members noted "risks to the economic outlook remain", and Fed Chairman Jerome Powell said “we have not reached substantial further progress yet” on employment to justify changes to the central bank’s policy.

China’s securities regulator convened an emergency online meeting last night with executives of major investment banks, to try and curb the rout in the stock market. China’s CSI 300 index has fallen 8% in three days before struggling to rebound 0.2% yesterday. In Hong Kong, the Hang Seng Tech Index plunged 17% in the same period. The China Securities Regulatory Commission emphasised to participants that the policy changes in the education sector were a one-off measure and not an attack on profitable enterprises.

On today’s Money Talk, we’re joined by Personal Wealth Adviser Enzio Von Pfeil and Brad Gibson from Alliance Bernstein. Talking about the events industry is Stuart Bailey, Chairman of the Hong Kong Exhibition & Convention Industry Association.

Money Talk

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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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