The Bank of England has stepped in to calm financial markets after some pension funds said they were at risk of collapse. The UK central bank said it would spend £5bn (US$5.4bn) a day for the next 13 trading days buying long-dated gilts after last week’s budget announcement of the largest tax cuts since 1972 sent government bond yields soaring. The BoE said its decision to buy a total of £65bn (US$70.8bn) of UK government bonds at an "urgent pace" was driven by concern over "a material risk to UK financial stability” from the turmoil in the gilts market. Private home prices in Hong Kong have fallen to their lowest level in three-and-a-half years, according to government data released on Wednesday. The Rating and Valuation Department's private domestic price index in August dropped 2.3% m/m to 368.2, the lowest reading since February 2019. Small and medium-sized homes were 2.3% cheaper than they were in July, while prices of larger flats recorded a 0.8% decrease. Compared to the same month last year, August home prices were down 7.4%. On today’s Money Talk, we’re joined by Wealth Investment Strategist, Enzio Von Pfeil, and Samuel Faveur at Mandarin Capital. Discussing the mainland China property market is Hans Fan from CLSA.