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 every weekday morning 8 to 8:30 a.m. 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 "MoneytalkRadio3") .
Video-sharing social networking service, TikTok, said yesterday that it will pull out of Hong Kong because of the newly introduced national security law. The company, which is owned by Beijing-based internet company ByteDance, said it will be difficult to protect its data from being shared with the Chinese government under the new law. Hong Kong Chief Executive Carrie Lam said on Tuesday that the recent surge in the stock market shows people appreciate the newly enacted national security law. Speaking ahead of the weekly Executive Council meeting, she dismissed what she called unfounded allegations that the law signals the death of One Country Two Systems. On today’s Money Talk, we’re joined by Stewart Aldcroft, Chairman of CitiTrust and RTHK’s International Economics Correspondent Barry Wood in Washington, D.C.
08/07/2020 - 8:09am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, says that heavy movements from cash to equity are aimed at pushing Chinese markets upwards.
RTHK's International Economics Correspondent Barry Wood points out that TikTok's withdrawal from Hong Kong over the national security law is a clever move for the company to regain the hearts and minds of governments around accusing it of storing data on Chinese servers.