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
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.