Hot Search

Loading ...

Business and Market Discussion / View from mainland China

2021-07-26

Business and Market Discussion / View from mainland China

2021-07-26
 About US$16bn was wiped from the value of three major Chinese education companies listed in New York on Friday after China's State Council said it would ban academic tutors from making a profit. Institutions which provide tutorial classes on the school curriculum will be required to transform themselves into non-profit organizations. Education platforms will likely no longer be allowed to raise capital or go public.

China’s antitrust regulator has ordered Tencent to give up its exclusive music licensing rights within the next 30 days and slapped a 500,000 yuan (US$77,143) fine on the company for anti-competitive behaviour.

The Bank of Russia has hiked its policy rate by 1 percentage point to 6.5%, from 5.5% previously. It is the fourth rate hike by the Russian central bank since March, during which period interest rates have risen by a total of 2.25 percentage points.

On today’s Money Talk, we’re joined by Alex Wong at Ample Capital and Louis Kuijs from Oxford Economics. With a view from Mainland China is Yanan Wu, Chairman of Zhen Rong Bao.

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") .
Back To Top