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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
China’s National People’s Congress has approved the proposal to impose national security legislation on Hong Kong. The resolution will now be passed to the NPC Standing Committee, China’s top legislative body, to craft the bill in detail over the course of June. The United States, UK, Australia and Canada issued a joint statement condemning the new law which they said would "curtail Hong Kong people's liberties and dramatically erode Hong Kong's autonomy and the system that made it so prosperous." Britain said it will give greater visa rights to British national overseas passport holders from Hong Kong unless China suspends its proposed security laws, opening the door to UK citizenship for over 300,000 Hong Kong residents. China’s Premier Li Keqiang warned yesterday that China cannot be immune from the global economic slowdown brought about by the Covid-19 pandemic, but he said the “forceful” economic stimulus will support jobs and people’s livelihoods and encourage domestic consumption. On today’s Money Talk, we’re joined by Francis Lun of GEO Securities and Anthony Chan from Union Bancaire Privee. With a view from Australia is Toby Lawson at Societe Generale Australia.
29/05/2020 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities says that US President Donald Trump's administration will need to be very cautious when dealing with Hong Kong as it could impact the 85,000 US citizens and 800 American companies with Asian HQ's in Hong Kong. He highlights that China's priority remains political stability, above economic considerations.
Anthony Chan, Chief Asia Investment Strategist at UBP predicts the US will take targeted actions against China, such as imposing sanctions on identified individuals.
29/05/2020 - 8:24am View from Australia
China has threatened to retaliate against an executive order from Donald Trump which bans Chinese telecoms giant Huawei from acquiring components & technology from US companies without government approval. China’s Foreign Ministry said China strongly opposes other countries imposing unilateral sanctions on Chinese entities and it will take measures to safeguard the rights and interests of its businesses.
China's holdings of US Treasuries fell in March for the first time in four months, dropping by US$10.4 billion from the previous month to a two-year low of U$1.12 trillion, according to the US Treasury Department. The country remains the top holder of US sovereign debt ahead of Japan.
On today’s Money Talk are Francis Lun of GEO Securities and Quentin Webb from The Wall Street Journal. Bringing us the latest news on the Australian election is Toby Lawson at Societe Generale Australia.
17/05/2019 - 8:06 Business and Market Discussions
Francis Lun, CEO of GEO Securities, expects that the Chinese government will eventually stimulate the decelerating economy on the mainland.
Quentin Webb, Asia Markets Editor at The Wall Street Journal, comments that the banning of Huawei from sourcing components and technology in the US will accelerate China's moves towards self-sufficiency in the high-tech market.
17/05/2019 - 8:20 View from Australia