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") .
The trade battle between the US and China in the technology sector is heating up. The U.S. Treasury Department is considering using an emergency law to restrict Chinese investments in technologies deemed sensitive in the U.S. This could include in the semiconductor and 5G wireless communications segments. Meanwhile, Chinese regulators warned they have “hard to resolve” concerns about Qualcomm’s $44 billion bid for Dutch rival NXP Semiconductors. Qualcomm said yesterday that it had refiled its application with Chinese regulators, and agreed with NXP to extend the deal’s deadline by three months to July 25.
Ahead of the IMF and World Bank spring meetings, IMF Managing Director Christine Lagarde has warned that the US-China trade dispute is a threat to global confidence and investment. She went on to say the lack of trust among global trade partners must be fixed.
The Hong Kong Monetary Authority has spent HK$51 billion during 13 interventions in an effort to stabilise the HK dollar. Deputy Chief Executive Howard Lee said the interventions have been smooth so far and there is no sign of massive shorting of the currency. After the news conference finished, the Hong Kong dollar spiked higher by the most in 3 months. 3-month Hibor rose to the highest level since December 2008.
On today’s Money Talk we’re joined by Francis Lun of GEO Securities and Kenny Wen from Everbright Sun Hung Kai. On the phone from Sydney is Toby Lawson, Head of Global Markets, at Societe Generale Australia.
20/04/2018 - 8:08 Business and Market Discussion
Francis Lun, CEO of GEO Securities, says that the US and China are locked in a battle for the dominance of 5G but China is lagging behind in microchip technology and has to depend on outside sources. He adds it will be difficult for China to bridge the gap.
Kenny Wen, Wealth Management Strategist from Everbright Sun Hung Kai, advises investors not to be too bearish and he expects the Hang Seng Index to reach 34,000 this year.
20/04/2018 - 8:24 View From Australia