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") .
Beijing’s proposed resolution for a national security law for Hong Kong was unexpectedly expanded yesterday to bring organisations as well as individuals under its ambit. The law was understood to originally prohibit behaviour by individuals that endangers national security but has now been amended to cover “activities” as well.
Yesterday, Hong Kong Chief Executive Carrie Lam said the claim that the national security legislation will undermine Hong Kong's position as an international financial centre was "totally groundless". Mrs. Lam also announced that more businesses would be allowed to reopen as Hong Kong relaxed social distancing measures and Hong Kong airport will resume transit services from June 1.
On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust, Gavin Parry from Parry Global Group and RTHK’s International Economics Correspondent Barry Wood.
27/05/2020 - 8:09am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust, says that Hong Kong remains a distinguished financial centre and Singapore and other centres in the region cannot offer the same gateway to the Chinese market.
Gavin Parry, CEO of the Parry Global Group thinks that excess liquidity is the main driver behind the rally in global equities.
Barry Wood, RTHK's International Economics Correspondent based in Washington D.C. is of the view that the US faces a tough decision on Hong Kong as they are likely to impose sanctions on China but won’t want to damage Hong Kong.
Landlords across Hong Kong are slashing rents in response to Finance Secretary Paul Chan’s request for the city’s biggest property developers to “fulfil their social responsibilities” to support businesses and prevent job losses. US prosecutors have accused Chinese telecoms giant Huawei of stealing technology from six unnamed American companies. The US Department of Justice has already accused the company of stealing technology from T-Mobile and breaking US sanctions on Iran and it said yesterday it was widening the indictment to include the new charges. Britain's Finance Minister has resigned after Prime Minister Boris Johnston ordered him to fire his entire team of advisors. Sajid Javid stood down as chancellor of the exchequer just one month before the budget and was immediately replaced by senior Treasury official Rishi Sunak. Our guests on today’s Money Talk are Francis Lun of GEO Securities and Louis Kuijs from Oxford Economics. With the view from Australia is Toby Lawson at Societe Generale Australia.
14/02/2020 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities warns of the inconsistency between US & European stock markets at record highs and the impact of the COVID-19 coronavirus, saying that markets have been reacting too positively.
Luis Kuijs, Head of Asia Economics at Oxford Economics, believes that the work from home measures implemented by Chinese companies could last beyond the crisis, as companies see the benefits of digital working.
14/02/2020 - 8:23am View from Australia