The top headlines this hour with CNBC's Sri Jegarajah.

Fraser Howie, author of 'Privatizing China' sees Chinese markets range-trading at the bottom for a long period. He explains his bleak outlook to CNBC's Amanda Drury. He also gives his take on how the tainted milk scandal has affected China.

Chinese regulators will soon begin a trial in short selling and margin lending. Chi Lo, director of investment research at Ping An of China Asset Management reviews how this will impact the Chinese markets, with Ian Bremmer of Eurasia Group & CNBC's Amanda Drury.

The Chinese Premier said local financial institutions have grown stronger amid the crisis and the financial system is "sound and safe". Stephen Green, senior economist at Standard Chartered Bank agrees. He explains why to Ian Bremmer, president at Eurasia Group, CNBC's Amanda Drury & Sri Jegarajah.

The financial crisis is limited to the American and European banking systems as Andrew Freris, senior investment strategist, Asia at BNP Paribas believes Asia's banking system remains healthy. He makes his case to CNBC's Amanda Drury & Sri Jegarajah.

Is the "mark to market" accounting rule to blame for the financial crisis? Chen Voon Hoe, a partner at PricewaterhouseCoopers & a member of PwC's Global Banking and Capital Markets Technical Committee gives his take to CNBC's Amanda Drury.

The top headlines this hour with CNBC's Sri Jegarajah.

The big problem for companies around the world is the lack of liquidity in the commercial paper market, notes Benjamin Pedley, MD & investment strategist at LGT Investment Management. He explains more to CNBC's Amanda Drury.

Hang Seng Bank could stem the decline in its stock price if it discloses the cost of its Washington Mutual exposure, says Stuart Leckie, chairman at Stirling Finance. He reviews the state of HK's banking sector with CNBC's Maura Fogarty.