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 every weekday morning (Mon - Thu 8 to 9 a.m.; Fri 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") .
HSBC and Standard Chartered have broken their silence on the 11 weeks of anti-government protests that have rocked Hong Kong. Yesterday, the two banks took out newspaper adverts in Chinese in the local press condemning the violence in the territory and calling for a peaceful resolution to the political unrest. Yesterday, Cathay Pacific warned staff that their social media content would be heavily scrutinised, and said posts expressing support for the protests could fall foul of mainland China’s aviation authority’s strict new policy being forced on the airline.
Activity in America’s factory sector has contracted for the first time in a decade. The IHS Markit’s US manufacturing purchasing managers’ index dropped to 49.9 in August.
Joining today’s Money Talk are Francis Lun of GEO Securities and Kenny Wen at Everbright Sun Hung Kai. Also with us is Michael Every from Rabobank.
23/08/2019 - 8:09 Business and Market Discussions
Francis Lun, CEO of GEO Securities, comments that the ongoing demonstrations have caused a loss of confidence in Hong Kong, especially in the property, tourism and retail sectors.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai, says that the global economic slowdown will further damage Hong Kong’s banking industry.
23/08/2019 - 8:24 Fed Minutes & Jackson Hole
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