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") .
After a postponement of more than a month, Hong Kong’s chief executive Carrie Lam delivered her annual policy address yesterday, which lasted a record-breaking 2 and a quarter hours, setting out plans for the coming year before a Legislative Council which contained no opposition lawmakers. She pledged to double government efforts to bring the Covid-19 epidemic under control, revive the economy, and restore social order. A major theme of the address was integration with the mainland, and she launched a HK$430 million Greater Bay Area Youth Employment Scheme. She urged Hong Kong young people to look north to “broaden the scope for realizing their dreams” warning that Hong Kong may not be the best place for its youth.
26/11/2020 - 8:07am Policy address review
Personal Wealth Advisor Enzio von Pfeil, expects Hong Kong's role in the Greater Bay Area to be that of a suburb, as Chief Executive Carrie Lam's administration doesn't have a convincing innovation plan.
Ben Quinlan, CEO and Managing Partner at Quinlan & Associates, supports Greater Bay Area integration reforms but says that Mrs. Lam's policy address fails to address local problems.
26/11/2020 - 8:23am China equity strategy
The death toll from the China coronavirus outbreak has risen to 106, and the number of people infected has jumped to close to 4,700. Most of the fatalities are in Wuhan and the surrounding province of Hubei, the outbreak’s epicentre.
Hong Kong Chief Executive Carrie Lam said that rail and ferry services to the mainland would be suspended from tomorrow and the number of flights would be halved. Several border checkpoints will be closed but the flow of goods will not be interrupted.
The Shanghai government and the Guangdong provincial authorities have ordered companies in their regions not to resume operations before February 9. The Shanghai and Shenzhen Stock Exchanges will delay the reopening of the A-share market until Monday.
The US Federal Reserve will wrap up its first monetary policy meeting of the year later today. President Trump tweeted that “the Fed should get smart and lower the rate to make our interest competitive with other countries which pay much lower.”
On today’s Money we’re joined by Khiem Do at Baring Asset Management, Will Denyer from Gavekal and on the phone from Washington D.C., RTHK’s International Economics Correspondent, Barry Wood.
29/01/2020 - 8.09am Business and Market Discussion
Khiem Do, Head of Greater China Investments at Baring Asset Management warns of a strong fall in economic activity in the retail and services sector, as citizens fear to go outside.
Will Denyer, US Economist at Gavekal says that the coronavirus' impact on the world economy remains minor for now but a worldwide spread of infections could see a stronger market reaction.
Barry Wood, RTHK's US Correspondent, observed that Tuesday's market rally reflects investors' optimism, as China's drastic containment measures boosts confidence.