Peter Lewis: A fast moving and topical business and finance show.
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 from 8 a.m. to 8.30 a.m. every weekday morning 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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
Economic growth in China has missed expectations, slowing to 6.5%, the weakest level since the first quarter of 2009. Other data released on Friday provided further evidence of the slowdown with industrial production slipping to the slowest growth rate in three years and fixed asset investment close to a record low.
Immediately after the data release Chinese Vice Premier Liu He, PBOC governor Yi Gang and the country’s top financial regulators made comments to try and calm investors in the stock market. Liu He said the country’s stock market “is becoming the market with the most investment value in the world.”
In Hong Kong, David Webb, the activist investor who exposed the “Enigma Network” of tangled cross shareholdings among 50 local companies last year, has issued a new warning about a group of 26 companies dubbed the “Huarong-CMB Network” linked to troubled mainland bad debt manager China Huarong Asset Management and China’s largest privately-owned lender, China Minsheng Bank. Mr Webb said that the companies are linked by a financial dependency of loans and convertible bonds and warned investors against holding these highly leveraged companies.
On today’s Money Talk, William Ma from Noah Holdings provides his analysis. Giving us a perspective from the mainland is Ben Cavender at the China Market Research Group. We’re also joined by Kristo Käärmann, CEO of TransferWise to talk about the growth of payment systems in Hong Kong.
22/10/2018 - 8:08 Business and Market Discussions
22/10/2018 - 8:15 Entrepreneur: TransferWise
22/10/2018 - 8:23 View from China