Peter Lewis: A fast moving and topical business and finance show.



    主持人:Peter Lewis

    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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .



    Business and Market Discussions / View from China

    U.S. Treasury Secretary Steven Mnuchin said yesterday the U.S. is “putting the trade war on hold” with China and will delay the imposition of tariffs. A joint statement from the U.S. and China at the end of bilateral trade talks in Washington said that China had agreed to buy “significantly” more US goods and services in an effort to reduce the trade imbalances between the two countries.

    Italy appears set to have a new government with Florence University law professor Giuseppe Conte chosen as the next Prime Minister. The latest development occurred after the two populist parties the 5-Star Movement and the far-right League reached an accord which promised to ramp up public spending, make billions of euros in tax cuts and to roll-back pension reforms introduced at the height of the 2011 debt crisis. Investors took fright at the proposals selling the countries shares and government bonds on Friday.

    Elsewhere in the markets a toxic combination of rising interest rates, a surging oil price and a strengthening U.S. dollar have sent emerging market currencies into a tailspin, suffering their worst week in a year and a half.

    Public consultations on a new minimum wage for Hong Kong, closed yesterday. The minimum wage is reviewed every two years and currently stands at HK$34.50. That compares to a national minimum wage in the United States of an equivalent HK$56.91 (US$7.25). Hong Kong’s unemployment rate hit a 20-year low of 2.8% in the 3-month period to April.

    Joining today’s Money Talk are Steve Wang from CITIC CLSA and Sam Faveur of Mandarin Capital. Providing the view from the mainland is Ben Cavender, of the China Market Research Group in Shanghai.

    21/05/2018 - 足本 Full (HKT 08:03 - 08:32)

    21/05/2018 - 8:09 Business and Market Discussion

    Steve Wang, Senior Credit Analyst at CITIC CLSA, comments that the US-China trade war is not over and there are still risks in resolving the trade tensions between the two countries. However, he adds that the joint statement is a good development.

    Sam Faveur, CEO and Founder of Mandarin Capital, says that the economic and fiscal policies of the coalition government in Italy could lead to market disruption.

    21/05/2018 - 8:24 View From China

    Ben Cavender, Principal at the China Market Research Group in Shanghai, points out that it is difficult for China to reduce the $200 billion trade deficit since that would affect the entire supply chain of Chinese companies and have long-term impacts.




    Personal Wealth Adviser Enzio von Pfeil (left), Clara Chan (center), CEO of the metals firm Lee Kee Group, and Sunil Kashyap (right), Head of Asia at ScotiaMocatta


    Community Business CEO Fern Ngai (top left), Brenda Alegre (top right), assistant lecturer at the Faculty of Arts of HKU, Stewart Aldcroft (bottom left), Chairman of CitiTrust, and RTHK’s international economics correspondent Barry Wood (bottom right)


    Wealth Management Strategist Enzio von Pfeil (bottom), Anthony Neoh (top center), Honorary Chairman & Adviser of Alliance for Financial Stability, and Ross Feingold (top left), Taiwan-based Political Analyst & Senior Advisor at D.C. International Advisory


    Kurt Tong (left), the US Consul General to Hong Kong & Macau, and Stewart Aldcroft (right), Chairman of CitiTrust.


    (From left to right) David Kuhl, Peter Lewis, Maksim Balashevich & David Cohen

    Sabine Bauer : Fitch Ratings / Business and Market Discussions / View from Australia

    主持人:Peter Lewis

    US President Donald Trump will hold his much-anticipated summit with North Korea’s leader, Kim Jong Un, on June 12 in Singapore.

    A new political era has dawned in Malaysia as the world's oldest leader, 92-year-old Mahathir Mohamad, was sworn in as prime minister of Malaysia, and he signalled a tougher line on a surge of Chinese investment into the country.

    The Bank of England has held interest rates steady and cut the UK growth forecast for the year down to 1.4%. Sterling fell after the decision to $1.352 and HK$10.61

    Producer price inflation on the mainland has picked up for the first time in 7 months. However, the rise in consumer price inflation slowed to 1.8% in April as pork prices, which are weighted heavily in China’s CPI basket, dropped 16%.

    US consumer prices climbed by a less than expected 2.2% in April compared to a year ago sending the 10-year Treasury bond yield 4bps lower to 2.96%.

    On Wall Street, US stocks have moved into positive territory for the year with shares in Apple up for the ninth session in a row to a new record high. The Dow notched its sixth day of wins climbing 197 points to 24,739. The S&P500 and the NASDAQ were both up 0.9%.

    Ratings agency Fitch has downgraded its view of the environment for Hong Kong banks citing concerns over the “growing influence of the links between Hong Kong and the mainland,” where “China's governance standards are substantially lower than Hong Kong's.”

    On Money Talk this morning, we speak to Sabine Bauer, Senior Director for Financial Institutions at Fitch Ratings. We hear from Francis Lun of GEO Securities and Wendy Liu from Nomura. Giving us an update from Sydney is Toby Lawson of Societe Generale Australia.


    11/05/2018 - 足本 Full (HKT 08:03 - 08:32)

    11/05/2018 - 8:05 Sabine Bauer : Fitch Ratings

    Fitch Ratings Senior Director Sabine Bauer shares her concerns that the increasing linkages between the local and the Chinese economic and financial systems will put pressure on Hong Kong's legal and regulatory framework, and negatively impact the operating environment for local banks.

    11/05/2018 - 8:09 Business and Market Discussion

    However, Francis Lun, CEO of GEO Securities, disagrees with Fitch Ratings' assessment. He believes that the deterioration in China’s credit conditions will not affect the profitability of Hong Kong banks.

    Wendy Liu, Chief Greater China Equity Strategist at Nomura, says that it will hard for China to reduce its trade surplus with the US by $100bn within this year. Ms. Liu points out that with the exception of high-end technology products, which are not for sale, there is not much to purchase from the US on China's shopping list.

    11/05/2018 - 8:25 View From Australia

    Toby Lawson, Head of Global Markets from Societe Generale Australia, says that the issue of tax cuts for companies and individuals will dominate the next Australian election.

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