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Business and Market Discussion / View from mainland China

2022-01-24

Business and Market Discussion / View from mainland China

2022-01-24
 Global equities suffered their worst week in over a year last week as the selloff in technology stocks spilled over into other sectors. Other risk assets were also impacted including high yield bonds and cryptocurrencies. The FTSE All-World index of developed and emerging market shares fell 4.2% over the five trading days, recording its steepest weekly decline since October 2020. 

IMF Managing Director, Kristalina Georgieva, said an increase in US rates could “throw cold water” on the global recovery and have significant implications for countries with higher levels of dollar-denominated debt. Speaking at the Davos online meeting Friday, she said it was “hugely important” that the Fed was clearly communicating its policy plans to prevent surprises. 

China has vowed to curb the influence of its tech giants on governments and break the ties between money and power. According to a communique released following the plenary session of the Communist Party’s top anti-graft group, the government will root out corruption that has enabled disorderly growth and monopolies and dismantle internal factions and interest groups. 

On today’s Money Talk, we’re joined by Alex Wong from Ample Capital and Sunil Kashyap at FinMet. With a view from Mainland China is Yanan Wu, Chairman at 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") .
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