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") .
China is reportedly planning to cut the average tax it charges on imports from the majority of its trading partners, starting next month. It comes as the US imposes tariffs on another $200bn of Chinese goods from Monday. The tariff cut will make US goods less competitive in the domestic Chinese market compared to other foreign competitors. The People's Daily said that China would use the trade war as an opportunity "to replace imports, promote localisation and accelerate the development of high-tech products."
European Council President Donald Tusk said that Britain’s so-called Chequers plan for post-Brexit trade arrangements with the EU “will not work” and would undermine the EU single market. Mr Tusk was speaking after two days of talks in the Austrian city of Salzburg to discuss the latest state of the Brexit negotiations. Mr. Tusk went on to say that October was the “moment of truth” for the EU and UK to agree a Brexit withdrawal agreement.
Japanese Prime Minister Shinzo Abe has won a ruling party leadership vote, setting him on track to become Japan's longest-serving premier. Mr Abe will meet with US President Donald Trump next week, when he will face pressure to cut Japan's $69bn surplus with the US, or risk tariffs on Japanese car exports that have been threatened by the Trump Administration.
Joining today’s Money Talk are Francis Lun of GEO Securities and Alan Luk, from Hang Seng Private Banking. Providing the weekly view from Australia is Toby Lawson at Societe Generale, down in Sydney.
21/09/2018 - 8:08 Business and Market Discussion
Francis Lun, CEO of GEO Securities, says that the trade war is bad news for everyone, but especially consumers who will suffer from the rise in prices.
Alan Luk, Head of Private Banking and Trust Services from Hang Seng Private Banking, comments that new IPOs in Hong Kong like Chinese food delivery company Meituan Dianping provide opportunities in the short-term, but in the long run, the Chinese capital markets need to improve.
21/09/2018 - 8:24 View from Australia