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") .
Hong Kong has tightened again its social distancing measures following concerns over a new wave of locally transmitted cases. Restaurants will be limited to eight places per table and four people at tables in bars from Saturday, and the total number of customers has been restricted to 60% of maximum capacity.
In Australia, five million people in Melbourne have been barred from leaving their homes for the next six weeks, except for essential reasons. The lockdown was announced after the state saw the highest daily number of new infections since the pandemic began.
Australia has become the latest country to suspend its extradition treaty with Hong Kong because of the national security law. Australia will also extend visas for Hong Kong residents already in the country to five years and provide a pathway to citizenship.
Consumer prices in China rose by 2.5% in June year-on-year, compared to 2.4% in May. It’s the first time the CPI has increased this year. The producer price index, which measures the cost of goods as they leave the factory gate, fell 3% y/y.
On today’s Money Talk, we’re joined by Francis Lun of GEO Securities and Ian Hui at JP Morgan Asset Management. With a view from Australia is Toby Lawson from Societe Generale Australia.
10/07/2020 - 8:09am Business and Market Discussion
Francis Lun, CEO of GEO Securities says that the Chinese government's recent cheerleading of the market is aimed at boosting the economy and give optimism to investors, in times of increasing tensions with other nations.
Ian Hui, Global Market Strategist at JP Morgan Asset Management highlights that the Hong Kong markets are partially mirroring mainland ones, as IT stocks become increasingly popular.
10/07/2020 - 8:23am View from Australia
Reuters is reporting that the Phase 1 trade deal between China and the US could be delayed until December. Reports also suggest that the US has now been ruled out as a location for the signing, with Europe a more likely venue.
China’s state-owned funds may invest up to US$10 billion in the forthcoming Saudi Aramco IPO. The Beijing-based Silk Road Fund is among one of the Chinese entities looking at taking a stake in the company in order to cement China’s ties with Saudi Arabia.
The CEO of Singapore Airlines, Goh Choon Phong, says that demand for its flights to Hong Kong has stabilised after falling sharply in the past few months. However, he said it was “too early to say” whether a recovery was underway in travel to Hong Kong.
On today’s Money Talk, we’re joined by Enzio von Pfeil at St. James’s Place and Nitin Dialdas from Mandarin Capital. We also speak with Julien de Salaberry, CEO & Founder of Galen Growth Asia, who will be at the Asia HealthTech Summit in Singapore next week.
07/11/2019 - 8:08 Business and Market Discussions
Enzio von Pfeil, Associate Partner & Private Wealth Adviser at St. James’s Place, says that the US government debt at US$23 trillion is unsustainable.
Nitin Dialdas, Chief Investment Officer from Mandarin Capital, comments that both the US and China need a trade deal. China because of its slowing economy and President Trump so that he can point to progress before the 2020 election.
07/11/2019 - 8:24 Singapore HealthTech Summit 2019