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") .
Business organisations have welcomed the move by Carrie Lam to suspend the controversial extradition bill. The American Chamber of Commerce in Hong Kong, which has opposed the bill, said it was relieved and the decision showed that Hong Kong is serious about protecting its special status under “one country, two systems.” US Secretary of State, Mike Pompeo, said President Trump will discuss the mass protests in Hong Kong with President Xi Jinping at the upcoming G20 summit.
The latest economic data from China has provided further evidence of a broad-based slowdown in the mainland economy, particularly in the manufacturing sector. Industrial production in May missed estimates hitting a 17-year low but retail sales beat expectations.
Joining today’s Money Talk are Alex Wong of Ample Capital and Anthony Chan from Union Bancaire Privée. Providing the view from the mainland is Brock Silvers at Kaiyuan Capital.
17/06/2019 - 8:09 Business and Market Discussions
Alex Wong, Director of Asset Management at Ample Capital, comments that if the controversy over the extradition bill worsens, interest rates in HK will rise, impacting the entire local economy and the property market.
Anthony Chan, Chief Asia Investment Strategist from Union Bancaire Privée, expects that with the continued slowdown in the mainland economy, Chinese authorities will likely cut the RRR in July.
17/06/2019 - 8:24 View from China
Brock Silvers, Managing Director at Kaiyuan Capital, says it is a bad time for President Xi to have to deal with the protests in Hong Kong while battling against the US on trade and with the upcoming Taiwan presidential election. Mr. Silvers expects that there will be no quick response from the central government on whether it spells the end of Carrie Lam’s term as CE.
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