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 email@example.com, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
China's GDP slowed to 6.2% y/y as expected in the second quarter. That’s the slowest rate of quarterly economic growth in 27 years. Other economic data released from the mainland gave rise to optimism that China’s economy may be stabilising, with both industrial output and retail sales rising more than expected last month.
Average home prices on the mainland rose for the 60th straight month in June, but the pace of price appreciation slowed from 0.71% in May to 0.62% in June. Out of 70 top-tier cities, 63 saw new home prices rise m/m in June, down from 67 in May.
In Taiwan, Han Kuo-yu, the mayor of the island’s second largest city, Kaohsiung, has won the opposition Kuomintang’s presidential primaries. He will face off against incumbent Tsai Ing-wen in next January’s elections, after beating Terry Gou, the founder of electronics group Foxconn. Mr. Gou will decide in the next few days whether to stand as an independent candidate.
US Treasury Secretary Steven Mnuchin said Facebook has a lot of work to do before it can launch its planned cryptocurrency Libra. He said he was concerned that Libra could be misused to launder money and finance terrorism and he wanted to see more details before allowing it to go ahead, noting that Facebook was "a long way away" from reassuring him.On today’s Money Talk are Connie Bolland of Economic Research Analysis and Mark To from the Wing Fung Financial Group. Providing the view from Japan is Marcel Thieliant at Capital Economics. In the second half of the programme, Peter Yan, Chief Executive Officer of Hong Kong Cyberport tells us about the all-new esports spectator venue, which will be inaugurated later today at the Cyberport. We’ll also talk about IPOs on the mainland and the launch of the new technology innovation board, with Ringo Choi, Asia-Pacific IPO Leader at Ernst & Young.
16/07/2019 - 8:00-8:20 Market Discussion
Connie Bolland, Founder of Economic Research Analysis says that there is downward pressure on economic growth in China, but she expects further fiscal stimulus to keep growth flat in the second half of the year.
Mark To, Managing Director of Asset Management at Wing Fung Financial Group comments that China's economy is hampered by structural reforms, since there are too many goals, and it is very difficult for policy makers to adjust.
16/07/2019 - 8:20-8:30 View from Japan
16/07/2019 - 8:30-8:45 CEO: Cyberport and E-sports
16/07/2019 - 8:45-9:00 IPO and Technology Board
President Trump and Xi Jinping have agreed to hold an “extended” meeting at the G20 summit in Osaka next week. Chinese state media reported that President Xi told Mr. Trump that economic & trade disputes should be solved through dialogue and the key is to show consideration to each other’s legitimate concerns.
The White House explored the legality of demoting Federal Reserve Chairman Jerome Powell in February, according to reports in the US media. The move would have meant stripping Mr. Powell of his chairmanship, leaving him as one out of seven Fed board governors.
Hong Kong’s Chief Executive Carrie Lam made a televised apology to the people of Hong Kong yesterday for her handling of the controversial extradition bill. However, she refused to resign or confirm the withdrawal of the bill from Legco, two of the key demands of protestors.
On today’s Money Talk we’re joined by Stewart Aldcroft of CitiTrust, Mark Michelson of the Asia CEO Forum and on the phone from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
19/06/2019 - 8:09 Business and Market Discussions
Stewart Aldcroft, Chairman of CitiTrust, is optimistic about the meeting between Presidents Trump and Xi at the G20 Summit, saying that both sides are still talking and exploring opportunities.
Mark Michelson, Chairman, Asia CEO Forum at IMA Asia, comments that Hong Kong CE Carrie Lam’s refusal to completely withdraw the extradition bill only fuels people's anger.
RTHK’s International Economics Correspondent Barry Wood expects that President Trump will not actually demote Fed Chair Jerome Powell, since the act will be against the law, and will also rattle global markets.