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") .
Hong Kong’s economic growth has halved in the fourth quarter. Writing on his blog yesterday, Financial Secretary Paul Chan said GDP was "less than 1.5%," well below the growth rate of 2.9% seen in the third quarter. He blamed the US-China trade war for the slowdown.
Trade talks between the US and China ended last week in Beijing without a deal but will continue this week in Washington, with both sides saying last week's negotiations made good progress. However, sources close to the negotiations say the two sides remain far apart on structural changes demanded by the US with Beijing offering only “cosmetic, non-impactful offers” on issues crucial to the US.
Chinese banks extended a record amount of new loans in January. Total social financing, a broad measure of credit in the economy, almost tripled in January from December’s level, increasing aggregate financing to 220% of China's GDP.
On today’s Money Talk are Alex Wong of Ample Capital and Mark To from Wing Fung Financial. Providing the view from the mainland is Brock Silvers of Kaiyuan Capital.
18/02/2019 - 8:08 Business and Market Discussions
Despite the slowdown in Hong Kong’s economic growth, Alex Wong, Director of Asset Management at Ample Capital, says that he is not bearish on the Hong Kong market, and he expects investors will wait for some positive news out of the US-China trade talks before making any further investment.
Talking about the Hong Kong budget next week, Mark To, Managing Director of Asset Management from Wing Fung Financial Group, comments that Financial Secretary Paul Chan cannot do much to shield Hong Kong from the impact of the trade war, since the local economy is highly sensitive to the global environment.
18/02/2019 - 8:26 View from China