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") .
As 4 of the world’s most important central banks prepare to announce monetary policy decisions, inflation is stirring. In the US core producer prices rose by the most in more than 3 years. In the UK consumer prices rose by 3.1%, the most in more than 6 years.
China’s Yonghui Superstores has confirmed in a filing to the Shanghai stock exchange that Tencent affiliate Linzhi Tencent will take a 5% stake in the company and a 15% stake Yonghui’s logistics subsidiary. This latest tie-up between a technology company and a bricks-and-mortar retailer puts Tencent in direct competition with Alibaba in online-offline shopping.
The news didn’t help the price of Tencent’s shares which have suffered in a broad tech sell off on the Hong Kong stock exchange. But US stocks have closed at new record highs overnight on Wall Street.
Joining today’s Money Talk are Stewart Aldcroft, of CitiTrust and Anthony Chan from Alliance Bernstein. We also get a view from Taiwan with Maurice Lu, deputy chairman of Sinopac Futures in Taipei.
13/12/2017 - 8:08 Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, says that banks and lenders in China have large amounts of money on hand and it is easy for them to make profits from lending out money, which results in high debt levels on the mainland.
Anthony Chan, Asian Sovereign Strategist at Alliance Bernstein, expects that Chinese authorities will not contain loan growth next year.
13/12/2017 - 8:25 View from Taiwan
Money Talk:The head of the HKMA Norman Chan said that there could be 8 to 9 more interest rate rises from now to 2019. The HKMA raised its base rate for the second time in 3 months to 1.25% in response to the Fed move. More surprisingly, the People’s Bank of China has also raised short-term interbank rates, to protect against a pick-up in capital outflows. In the markets, relief over the Fed decision and the result of the Dutch elections has sent the euro, gold and emerging market stocks all higher. Joining today’s Money Talk are Francis Lun, CEO of GEO Securities and Dickie Wong, director of research at Kingston Securities. We also get a view from Australia with Toby Lawson of CEO of Societe Generale Securities Australia. (8am-8.30am, email to firstname.lastname@example.org, text to 63 93 59 25, )
17/03/2017 - 08:08 Market discussion
Francis Lun, CEO of GEO Securities says Hong Kong Monetary Authority head Norman Chan's prediction of 8 or 9 more interest rate rises between now and 2019 may be because he wants to scare the market and cool down the property market. Dickie Wong, executive director of research at Kingston Securities says there is still room for money to be pulled out of the bond market and he is very bullish on the local stock market.
17/03/2017 - 08:22 View from Australia