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") .
US stocks and the Chinese yuan jumped on Friday after the Wall Street Journal reported that US and Chinese negotiators were drawing up a roadmap for trade talks between Presidents Trump & Xi in November. This week, a nine-member delegation from Beijing will meet with U.S. officials in Washington to discuss trade tensions between the two countries.
Beijing has ordered Chinese provinces to tackle hidden debt. Local governors were ordered “to get a clear picture of hidden local government debt as soon as possible and then make plans to address it.” Chinese credit rating agency Dagong has been suspended after it was found to have “charged high fees” that compromised its independence and “directly provided consulting services to rated companies”, which is prohibited on the mainland.
Google employees have criticised the company’s plans to develop a censored version of its search engine for China. Hundreds of Google employees have written to the company saying the secret project known internally as “Dragonfly” raised "urgent moral and ethical questions." Following the backlash, Google CEO, Sundar Pichai, said the China plans were “exploratory” and the company was not close to launching the product.
Donald Trump has called for an end to quarterly reporting in the US, saying the move would improve "flexibility and save money.” He proposes that companies should be allowed to issue financial reports twice a year instead of the current four times and he’s asked the Securities and Exchange Commission to consider altering its rules.
On today’s Money Talk are Alex Wong of Ample Capital and Ian Hui from JP Morgan Asset Management. Providing the weekly view from the mainland is Brock Silvers of Kaiyuan Capital in Beijing. In the second half of the programme, we discuss how the retail industry is being transformed by technology and its future in Hong Kong with Jonathan Cummings, Chairman of Fitch Hong Kong and Frank Lavin, Chairman and CEO of Export Now.
20/08/2018 - 8:10 Business and Market Discussion
Alex Wong, Director of Asset Management at Ample Capital, says that Tencent shares are becoming like Disney which has been in a consolidation phase for 3 years.
Ian Hui, Global Market Strategist from JP Morgan Asset Management, forecasts that the US-China trade war will continue to hold back the Chinese markets.
20/08/2018 - 8:24 View from China
20/08/2018 - 8:36 Monday Debate : The Future of Retail
Jonathan Cummings, Chairman of Fitch Hong Kong, says that the Greater Bay Area will bring new opportunities for local retailers to sell products that are not available on the mainland.
Frank Lavin, Chairman and CEO of Export Now, points out that one of the main reasons for the fast growth in e-commerce on the mainland is the overall shopping experience.
The wild swings in global stocks has continued for a fourth day with shares on Wall Street oscillating between losses and gains. US government bond yields have also jumped higher and are now almost back to where they were before the latest sell-off in shares began.
China has responded to the US Trump administration’s slapping of tariffs on imports of solar panels and washing machines by filing a complaint with the World Trade Organisation. China says the tariffs are not consistent with international trade rules.
US Senate leaders have reached a bipartisan budget deal that will keep the government funded for two years. It also significantly increases military and domestic spending by around $300 billion. However, the measure could face resistance in the House of Representatives.
German Chancellor Angela Merkel's conservatives and the Social Democrats have agreed in principle on a coalition deal. Germany has been unable to cobble a government together for four months, the longest period without a government since the second world war. The latest agreement seems likely to break the deadlock and lead to the formation of a new government by Easter.
On today’s programme, our regular Thursday guest, Enzio von Pfeil is joined by Steve Wang from CITIC CLSA. On the phone from Taipei is Maurice Lu of Sinopac Futures in Taiwan.
08/02/2018 - 8:08 Business and Market Discussion
Enzio von Pfeil comments that when he looks at his indicators, they show that the global “Economic Time” peaked last October and has been waning a little since then.
Steve Wang, Senior Credit Analyst at CITIC CLSA, says that the way for Chinese companies to counteract the impact of tariffs by the US, is to produce better products that can compete with American goods.
08/02/2018 - 8:24 View from Taiwan