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") .
China yesterday ordered 34 internet companies to rectify their anti-competitive practices within the next month. The State Administration for Market Regulation summoned companies including Tencent, Meituan, Baidu, JD.com and Bytedance and told them it would continue to eradicate abuses of information and market dominance among other violations.
14/04/2021 - 8:09am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust thinks that the crackdown on internet companies in Mainland China will not end anytime soon and big fines are going to continue to be a deterrent to monopolistic behaviour.
Peter Churchouse, Founder of Portwood Capital is concerned that the government is going to create a discriminating society through its latest proposals to create ‘safe zones’ in restaurants and thinks it will put businesses in a difficult position.
RTHK's International Economic Correspondent Barry Wood thinks that the 50 states in the US are unlikely to reach unanimous agreement on creating new health regulations to combat Covid-19.
The International Monetary Fund has called on governments to raise taxes on the wealthy to help pay for the cost of Covid and to reduce inequality. The Fund said a temporary tax on wealth or high incomes “would help the worst affected by the pandemic feel a sense of cohesion, improve access to basic services, enhance safety nets, and reinvigorate efforts to achieve sustainable development goals. A special excess profits tax for companies that made unusually high returns in 2020 should also be considered, the Fund said.
08/04/2021 - 8:09am Business and Market Discussion
Personal Wealth Adviser Enzio Von Pfeil thinks that the IMF’s proposal that government’s consider a wealth tax will not work and will not lead to economic recovery.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai warns that the sale of a 2% stake in Tencent by the company’s biggest shareholder, Prosus, will be a drag on the share price.
08/04/2021 - 8:23am Global Sovereign Ratings