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 firstname.lastname@example.org, 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
Hong Kong Exchanges and Clearing has made a surprise £32bn bid to purchase the London Stock Exchange Group. The merger offer amounts to a 23% premium to the LSE's closing price on Tuesday. However, HKEX said the offer is only valid if LSE abandons its plans to purchase data provider Refinitiv. It said in a statement that combining the two exchanges would bring together "the largest and most significant financial centres in Asia and Europe". CEO Charles Li said the deal would "redefine global capital markets for decades to come".
Donald Trump has renewed his attack on the Federal Reserve, calling for the “boneheads” at the central bank to cut rates to zero or less so that the US can refinance debt and lengthen maturities.
President Trump has said he will delay by two weeks the increase of tariffs on US$250bn of Chinese good as a "gesture of goodwill."China has issued its exemption list excluding 16 types of US goods from additional tariffs on September 17. The items on the lists will not be subject to the additional tariffs imposed by China as countermeasures to US Section 301 measures but doesn't include corn, soybeans and pork.
On today’s Money Talk we’re joined by Enzio von Pfeil from St. James’s Place and Andrew Freris of Ecognosis Advisory. Providing the view from South Korea is Peter Kim at Mirae Asset Daewoo.
12/09/2019 - 8.08am Business and Market Discussions
12/09/2019 - 8.23 am View from South Korea