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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
The annual Asia-Pacific Economic Cooperation summit failed to issue a joint communique for the first time in its history yesterday after Chinese President Xi Jinping and US Vice-President Mike Pence clashed at the meeting in Papua New Guinea. President Xi criticised Donald Trump’s America First policy and warned that any further escalation of tensions between the two countries will produce no winners. Mike Pence said that the US was prepared to more than double the tariffs imposed on Chinese goods and “will not change course until China changes its ways." He also criticised President Xi’s Belt and Road Initiative, describing it as “a constricting belt and a one-way road” which trapped poorer countries in a debt spiral.
Hong Kong’s economy slowed more than expected in the third quarter as the effects of the US-China trade war hit activity. GDP for the July to September period grew by 2.9% on an annualised basis. On Friday, the SAR government warned of “increasing downside risks” to the economy.
On today’s Money Talk we’re joined by Alex Wong at Ample Capital and Ian Hui, from JP Morgan Asset Management. Providing the view from the mainland is Yanan Wu, Chairman of Zhen Rong Bao in Beijing.
19/11/2018 - 8:08 Business and Market Discussions
Alex Wong, Director of Asset Management of Ample Capital says the Hong Kong property market will slow further next year, affecting consumer spending and GDP in 2019.
Ian Hui, Global Market Strategist from JP Morgan Asset Management believes that the economic slowdown in Hong Kong is mostly caused by a drop in private consumption and government spending. Mr Hui expects GDP growth to hover around 3%.
19/11/2018 - 8:20 View from China
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