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 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") .
The US has agreed to suspend this week’s tariff hikes on Chinese imports after two days of trade talks in Washington. An interim "phase one deal" between the US and China was announced by President Trump on Friday that would include increased agricultural purchases and address financial services and technology theft.
The US Federal Reserve announced Friday that it would be adding assets to its balance sheet once again in order to avoid a repeat of the freeze in short-term lending markets that occurred in September. The Fed will buy US$60bn a month of Treasury bills at least until the middle of next year.
The more than year long slump in China’s car market has continued. The China Passenger Car Association reported Saturday that mainland passenger car sales fell 6.6% y/y in September, down for the 3rd straight month, and for 15 out of the last 16 months.
A proposal to set up an offshore yuan-denominated “Nasdaq” in Macau has been submitted to Beijing for consideration. The Monetary Policy of Macau said it was conducting a feasibility study and China’s central government might give its blessing to the plan by mid-December, the 20th anniversary of the city’s handover to China.
On today’s Money Talk are Alex Wong of Ample Capital and Le Xia from BBVA Research. Providing the view from the mainland is Brock Silvers at Kaiyuan Capital.
14/10/2019 - 8:09 Business and Market Discussions
Alex Wong, Director of Asset Management at Ample Capital, comments that the interim US-China "phase one" trade deal signals some progress but will not have a significant impact on business investment.
Le Xia, Chief Economist for Asia at BBVA Research, expects that if the relationship between the US and China improves, it may lower the Hong Kong protestors' incentive to take part in radical demonstrations.
14/10/2019 - 8:24 View From China
The Federal Reserve has left interest rates on hold but hinted they would cut rates in the months ahead if the economic outlook weakens. FOMC members said that “uncertainties about the outlook have increased” and they would “act as appropriate to sustain the expansion”. Following the meeting, Fed fund futures are pricing in a 100% probability of a rate cut in July.
US Trade representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Osaka, ahead of the G20 summit, to meet with Chinese vice premier Liu He, to pave the way for the bilateral meeting between Presidents Trump and Xi. Mr. Lighthizer said there was a shared goal to resolve the trade dispute.
Our guests on Thursday’s Money Talk are Enzio von Pfeil of St. James’s Place and Mark To from the Wing Fung Financial Group. Providing the view from Taiwan is Political Risk Consultant, Ross Feingold.
20/06/2019 - 8:08 Business and Market Discussions
Enzio von Pfeil, Private Wealth Adviser at St. James’s Place, says the US consumer will have to foot a huge “consumption tax” as it is the consumer who will have to pay the higher import tariffs, and President Trump now wants the Fed to bale him out. Dr. von Pfeil adds that the Fed is way behind the curve.
Mark To, Managing Director of Asset Management from the Wing Fung Financial Group, does not expect a rate cut from the Fed in July, but more likely in Q4.
20/06/2019 - 8:25 View from Taiwan