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") .
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
Mainland smartphone maker Xiaomi has closed below its IPO price on its first day of trading yesterday. Xiaomi was the first company to list under Hong Kong’s new rules which allow companies with dual class shares to float on the local stock exchange.
Theresa May's Brexit woes have deepened as Foreign Secretary Boris Johnson becomes the latest minister to resign from her cabinet. Ratings agency Fitch says the resignations raise the political, economic and institutional uncertainties round the EU-UK Brexit negotiations.
Japanese car maker Nissan has become the latest auto manufacturer to admit to misconduct related to exhaust emissions and fuel economy measurements in final vehicle inspections at most of its factories in Japan. The company said that inspection reports were based on falsified measurements.
Tesla will raise prices for its models sold in China by 20%, after Beijing slapped a 25% punitive tariff on American-made automobiles. China’s commerce ministry said yesterday it would use the tariff revenues from its countermeasures to aid affected companies and employees.
On today’s Money Talk we’re joined by Hannah Anderson from JP Morgan Asset Management and Tariq Dennison of GFM Asset Management. Our regular Tuesday look at Japan comes this week from Marcel Thieliant, Senior Japan Economist at Capital Economics.
After 8:30 we meet Adam Goh, Co-Founder of innovative company Zapzapmath, that uses technology to make maths learning fun and easier for schoolchildren. We also talk to “Soul Rich Woman”, Genecia Alluora about female entrepreneurs in Asia.
10/07/2018 - 8:09 Business and Market Discussion
Hannah Anderson, Global Market Strategist from JP Morgan Asset Management, comments that investors have breathed a sigh of relief after there was no escalation in the trade war over the weekend.
Tariq Dennison, Portfolio Manager at GFM Asset Management, says that mainland smartphone maker Xiaomi was optimistic about the valuation for its IPO.
10/07/2018 - 8:25 View From Japan
10/07/2018 - 8:34 Zapzapmath
10/07/2018 - 8:46 Soul Rich Woman