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") .
We're joined on today's Money Talk by Francis Lun, CEO at GEO Securities, and Hans Goetti, Founder & CEO of HG Research, on the phone from Singapore. Presenter Richard Harris also talks to the visiting Lord Mayor of the City of London, Alderman Charles Bowman.
23/03/2018 - 8:09 Business and Market Discussion
Francis Lun, CEO at GEO Securities, says that since many people in the US are buying Chinese products, President Trump's decision to order trade restrictions against China will adversely affect US consumers and make America less well off.
Hans Goetti, Founder & CEO of HG Research, comments that the prospects of a trade war are getting more intense, and he forecasts that it would last for years.
23/03/2018 - 8:23 The Lord Mayor of the City of London : Charles Bowman
In the most significant liberalisation of China’s financial sector in a decade, mainland authorities will remove the foreign ownership limits on its banks and will allow international firms to take control of its securities firms, fund managers and insurers. Vice finance minister Zhu Guangyao said China would raise the ceiling on foreign ownership of securities, fund management and futures trading joint ventures from 49% to 51% allowing foreign companies to take control of their joint ventures.
Singles’ Day on the mainland has smashed previous records. More than $1billion of goods an hour were sold on Alibaba’s online shopping platforms and the company posted a 39% increase in sales compared to last year.
Meeting at the APEC summit in Vietnam over the weekend, 11 Pacific Rim countries have agreed to revive the Trans-Pacific Partnership without the US, which pulled out in January. That follows a robust speech from Donald Trump who said the US would no longer tolerate "chronic trade abuses". President Xi Jinping meanwhile spoke of irreversible globalisation.
Hong Kong’s economic growth more than halved in the 3 months to September from the previous quarter but on an annualized basis GDP growth is still a robust 3.6%.
In the markets, there’ll be more opportunity for IPO frenzy in Hong Kong this week following the successful debut of China Literature last week. Gaming hardware company Razer will begin trading on the Hong Kong Stock Exchange today. On Thursday, Chinese online car retailing platform, Yixin Group, in which Tencent has a stake, is due to start trading.
On today’s Money Talk, Rob Koepp from The Economist Corporate Network and Tariq Dennison, Portfolio Manager at GFM Asset Management will keep you up to date with all the latest developments. Brock Silvers, Managing Director at Kaiyuan Capital in Beijing provides the view from the Mainland. (8am-8.30am, email to firstname.lastname@example.org)
13/11/2017 - 8:09 Business and Market Headlines
Tariq Dennison, Portfolio Manager at GFM Asset Management, says foreign firms and large international banks have become more reluctant to enter into competition with the big Chinese banks compared to 15 years ago.
Rob Koepp from The Economist Corporate Network comments that the sales record by Alibaba on Singles’ Day is impressive and China is now exporting consumerism.
13/11/2017 - 8:23 View from China