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") .
China’s two largest stock exchanges in Shanghai and Shenzhen said over the weekend that they would not expand the stock connect scheme with Hong Kong to include companies with different voting right structures. That means mainland investors won't be able to invest in Xiaomi which made its debut in Hong Kong last week.
China’s monthly trade surplus with the US hit a record high in June. US aerospace and defence giant Boeing has become the latest company to warn about the potential damage from the growing US-China trade row. Chief executive Dennis Muilenburg said, "Aerospace thrives on free and open trade," and said he was concerned tariffs could push up supply-chain costs for aircraft manufacturers.
Donald Trump said the European Union was one of the biggest foes of the United States for what they do on trade. He also said Russia and China were on his list of enemies in a competitive sense.
President Trump has switched tack on Brexit in an effort to repair ties with the UK. At a news conference with Prime Theresa May, he reversed his previous position that the Brexit plan would probably kill a bilateral trade deal between London and Washington saying that he was optimistic about Brexit and the UK and US could grow their trading relationship.
On today’s Money Talk we’re joined by Nitin Dialdas of Mandarin Capital and Edward Tse from Gao Feng Advisory. After 8:30, our Monday debate this week focuses on the impact of discrimination in the workplace. Joining the panel are Fern Ngai, CEO of Community Business, Peter Reading, Legal Counsel at the Equal Opportunities Commission and Steven Xavier Chan from the Board of Governors of the American Chamber of Commerce in Hong Kong.
16/07/2018 - 8:08 Business and Market Discussion
Nitin Dialdas, Chief Investment Officer at Mandarin Capital, says that the exclusion of Xiaomi from the HK Shanghai Stock Connect trading link could be because the company pulled out of its planned mainland listing.
Edward Tse, Founder and CEO of Gao Feng Advisory, comments that US tariffs are disrupting the global supply chain.
16/07/2018 - 8:34 Monday Debate : Discrimination
Fern Ngai, CEO of Community Business, points out that companies need to create a talent pipeline so that women can advance to senior positions and businesses can then take advantage to this huge talent pool.
Peter Reading, Legal Counsel from the Equal Opportunities Commission, says government policy areas are focused on heterosexual relationship and the EOC calls for the government to consider reforming anti-discrimination laws and provide legal recognition for same-sex couples.
Steven Xavier Chan, Former Chair of Hong Kong LGBT+ Interbank Forum, points out that a lack of policies in promoting diversity within local companies impedes business, innovation and recruitment.
US stock index futures have been hit after the closing bell after the Trump Administration released its list of an additional $200bn in Chinese goods it will hit with 10% tariffs. There will be a 2-month consultation period before the President decides to go ahead with the imposition of more duties.
Fears of an escalation in the international trade war have led to confidence among investors in Germany tumbling in July, according to the ZEW economic institute. German leader Angela Merkel and Chinese Premier Li Keqiang reiterated their commitment to rules based global trade. Mr. Li said free trade was a key factor in promoting economic growth. Ms. Merkel said, “Germany supports the rules-based system of free trade and is therefore concerned when illegal tariffs are being levied.”
Tesla has signed an agreement with the Shanghai government to build a plant in the city with an annual capacity of 500,000 electric vehicles. BMW and Great Wall Motor will invest 5.1bn yuan in their joint venture in Jiangsu province, to produce 160,000 electric minis.
Dockless bike sharing company Gobee.bike has announced it will cease its Hong Kong operations next Wednesday, just 15 months after launch. Yesterday Gobee.bike said on its Facebook page that it could not make its business model profitable and the financial costs of maintaining the bikes was too high.
Our panel of guests this morning consists of Mark Michelson of IMA Asia, Andrew Peaple from The Wall Street Journal and RTHK’s International Economics Correspondent, Barry Wood.
In the second half of the show we talk to Jeff Streeter, director of the British Council in Hong Kong, about how they are encouraging creativity in the workforce. We also get an update on the latest developments in emerging markets with Michael Every, Head of Financial Markets Research for Asia-Pacific at Rabobank.
11/07/2018 - 8:08 Business and Market Discussion
Mark Michelson, Chairman of Asia CEO Forum at IMA Asia, points out that the impact of the ongoing trade war goes beyond tariffs, and companies operating in China may encounter more restrictions in running their businesses.
Commenting on Brexit, Andrew Peaple, Asia Markets and Heard on the Street Editor from The Wall Street Journal, says that British Prime Minister Teresa May has a good week after two pro-Brexit ministers left the cabinet, and that the path is now clear for a soft Brexit.
RTHK’s International Economics Correspondent Barry Wood comments that the setting up of a new factory by Tesla in Shanghai reflects the opening-up of the Chinese market as pledged by President Xi.
11/07/2018 - 8:34 British Council : Creativity in Workforce
11/07/2018 - 8:48 Emerging Markets Update