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Money for Nothing

Presenter: Bryan Curtis
  • 香港電台網站只提供過往12個月的節目重溫。
    rthk.hk provides archive service for programmes in the past 12 months only.
Steven Dekrey, from the University of Science and Technology
Steven Dekrey, from the University of Science and Technology
Budget Talk / Hong Kong's UST is home to Asia's highest ranked B-School
On Today's Money for Nothing we are joined by equity analyst Mike Werner, who gives us his overview on the finance markets at the moment. Then we look at forecasts, and hopes for this morning's 2012 Budget, with Joy Yang, Chief Economist, Greater China, Mirae Asset Securities. And finally, we hear from the University of Science and Technology's Steven Dekrey about a Hong Kong MBA programme that just came 10th in a world listing by the Financial Times.

8.03 am - News highlights of the day

* US shares fell for a a fourth day

* Housing continues to be a drag on the economy

On China -
"When this (Chinese) growth slows, it does impact earnings but it's still going to be a mixed picture here in Asia," says Mike Werner Senior equity analyst at Sanford Bernstein, who does not expect a hard landing and says that some of the Chinese banks look strong.


8.15 am - Budget Talk

Joy Yang, Chief Economist, Greater China at Mirae Assets says that it's hard to be optimistic about next year's budget as Hong Kong will be affected by the global macro-environment. "The U.S. dollar will be on the strong side, this means that the Hong Kong dollar will also be on the strong side and this will not help the exports sector."

On the domestic side, Ms. Yang says that "consumption will remain resilient for a while but sooner or later consumer confidence will be affected." She sees significant downside risks in the property market and a rise in unemployment, "the budget for the next fiscal year needs to be more aggressive."


8.22 am - Hong Kong's UST is home to Asia's highest ranked B-School

University of Science and Technology's Business School is the highest placed Asian institution in the 2012 Financial Times Global MBA rankings. Director of Masters programs' Steven Dekrey tells us why.