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 "MoneytalkRadio3") .
The Hong Kong General Chamber of Commerce has strongly condemned Sunday’s violence following a day of protest against the extradition bill. The chamber said the situation is raising concerns both locally and internationally about Hong Kong's commitment to the Basic Law and the rule of law. It called on the government to formally withdraw the bill “to show good faith” and set up an independent commission of inquiry into the tensions. Meanwhile, Donald Trump said that President Xi Jinping had acted responsibly in his handling of the Hong Kong protests, which Mr. Trump described as “relatively nonviolent.”
The Shanghai Stock Exchange's new Nasdaq-style technology board, the Star Market, launched yesterday morning with enormous gains for the first 25 companies to list. By the close, price gains ranged from 84% to 400% above their initial offering prices.
US negotiators led by trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin look set to fly to Beijing next week for the first face-to-face talks since President Xi and Donald Trump agreed to restart negotiations at the G20 summit last month.
A decision on whether Chinese telecoms firm Huawei should be excluded from the rollout of 5G mobile phone networks in the UK has been postponed. British Culture Secretary Jeremy Wright said the US ban on its companies from dealing with Huawei could have a potential impact on the future availability and reliability of Huawei's products.
President Trump has announced that a two-year agreement has been reached with Congress to raise America’s $22bn borrowing limit, which would remove the threat of a dangerous debt default in the coming months.
On today’s Money Talk we’re joined by Connie Bolland of Economic Research Analysis and Nitin Dialdas from Mandarin Capital. With the view from Japan is Naoyuki Yoshino of the Asian Development Bank Institute. After 8:30, we talk to Reeve Kwan, Co-Founder of Gogovan. We’ll also get an update on the outlook for the entertainment and media sector in Hong Kong and on the mainland with Wilson Chow at PwC.
23/07/2019 - 8:08 Business and Market Discussions
Connie Bolland, Founder & Chief Economist at Economic Research Analysis, comments that the development of the tech sector on the mainland is a priority because of the trade dispute with the US.
Nitin Dialdas, Chief Investment Officer from Mandarin Capital, says if the violence caused by the controversial extradition bill continues, it will cause more widespread economic damage to Hong Kong.
23/07/2019 - 8:24 View from Japan
23/07/2019 - 8:34 CEO - GoGoVan
23/07/2019 - 8:48 HK Entertainment & Media Outlook
Markets reopen on the mainland after the lunar new year holiday with all eyes on the continuing trade talks between the world’s two largest economies. China’s Ministry of Commerce confirmed over the weekend that Vice Premier Liu He will meet US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing on Thursday and Friday of this week. However, President Trump confirmed that he won’t meet President Xi Jinping before the March 1 deadline for averting increasing tariffs on US$200 billion of Chinese goods.
San Francisco Federal Reserve President Mary Daly said on Friday that further US interest rate rises seem less necessary now than a few months ago and revealed that the Fed is currently discussing using QE as a regular tool, and not just during “emergencies.” That revelation sparked a rebound in US stocks on Friday off their lows and a rally in Treasuries.
Joining today’s Money Talk are Alex Wong of Ample Capital and Le Xia from BBVA Research. Providing the view from the mainland is Ben Cavender at the China Market Research Group in Shanghai.
11/02/2019 - 8:08 Business and Market Discussions
Alex Wong, Director of Asset Management at Ample Capital, expects that with the completion of new infrastructure projects, the local retail sector is likely to rebound and become one of the key sectors in supporting the Hong Kong economy.
Le Xia, Asian Chief Economist from BBVA Research, comments that China is in the middle of two battles - the trade war with the US and the domestic slowdown. He says China should further ease its monetary and stimulus policies in order to prevent a hard landing and reinforce investors' confidence.
11/02/2019 - 8:24 View from China