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Business and Market Discussion / View from mainland China

2020-11-23

Business and Market Discussion / View from mainland China

2020-11-23
 The Hong Kong-Singapore travel bubble has been delayed for at least two weeks, less than 24 hours before the first flights were due to depart. Hundreds of travellers had already booked to take advantage of the bubble arrangement, which allows people to skip a mandatory two-week quarantine period if they test negative for Covid-19 before departure.







Hong Kong recorded 68 new confirmed coronavirus cases yesterday, the highest total in more than three months. Forty-six of the new patients were directly or indirectly linked to a cluster involving dance studios across the SAR. Health Secretary Sophia Chan says the government will begin giving a one-off HK$5,000 handout to everyone in the SAR who tests positive for the coronavirus, as it seeks to ease the concerns of people who are avoiding tests for fear of losing income.






The MSCI Asia Pacific Index climbed to a new record high last week. Hong Kong stocks climbed to an 8-month high with the Hang Seng Index extending its gains for November to almost 10%. On the mainland the Shanghai Composite Index is up almost 5% on the month and year-to-date has returned almost 20%.






On today’s Money Talk, we’re joined by Alex Wong of Ample Capital and Dickie Wong from Kingston Securities. With a view from mainland China is Ben Cavender at the China Market Research Group.

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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