The latest official purchasing managers’ index data from the mainland showed China’s manufacturing industry contracted for the second straight month in August, as Covid related lockdowns, a once in a century heatwave and drought and the crisis-hit property sector weighed on production. 


Reuters is reporting that US regulators have selected e-commerce majors Alibaba and JD.com and Yum China among other US-listed Chinese companies for audit inspection starting next month. They have been notified that they are among the first batch of Chinese companies whose audits will be inspected in Hong Kong by US audit watchdog, the Public Company Accounting Oversight Board.


India’s economy grew 13.5% in the second quarter, rebounding sharply from the 4.1% pace seen in the first quarter. That’s the quickest pace since the 20.1% growth in the same quarter last year. 


Inflation in the eurozone hit a record 9.1% in the year to August. The flash estimate of consumer price growth was up from 8.9% in July, which was itself the highest level in the 23-year history of the euro. 


On today’s Money Talk, we’re joined by Personal Wealth Adviser Enzio Von Pfeil and Andrew Sullivan of Outset Global. Discussing the development of the FinTech sector in Hong Kong is Benjamin Quinlan from Quinlan & Associates.