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") .
The global death toll from Covid-19 has surpassed 1 million according to the latest data from Johns Hopkins University. Fatalities in the USA, India and Brazil account for more than half of that total.
30/09/2020 - 8:08am Business and Market Discussion / US Presidential Elections
David Roche, CEO and Global Strategist at Independent Strategy says that a Biden victory would mean more cooperation between the US and Europe to counter China.
Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia highlights that the early voting surge in the US means that many Americans have already chosen their candidate, making this year's presidential debates less decisive.
RTHK's International Economics Correspondent Barry Wood expects further relief measures to be unveiled before the mid-October recess.
Hong Kong stocks have plunged in their biggest one-day fall in almost five years after China said it will introduce national security law in the territory. The White House said on Sunday that the US will likely impose sanctions on China if the law is enacted.
China’s National People’s Congress has declined to set a gross domestic product target for the first time. Premier Li Keqiang said the pandemic has not come to an end yet and that the country “must redouble efforts to minimize the losses resulting from the virus.” He also pledged to implement the Phase 1 trade deal agreed with the US.
President Xi Jinping said he won’t let the world’s second-largest economy return to its days as a planned economy. He told delegates at the “two sessions” meeting that the country has strengths that will allow it to recover after the Covid-19 pandemic. He also pledged to defend globalisation and reject protectionism.
On Friday, the US government added a further 33 Chinese companies and other institutions to its so-called “entities list”, restricting their ability to receive export licenses for US software and hardware.
On today’s Money Talk, we’re joined by Michelle Lam from Societe Generale and Steve Wang at CITIC CLSA. With a view from mainland China is Shanghai-based Independent Economist, Andy Xie.
25/05/2020 - 8:10am Busines and Market Discussion / View from the mainland
Michelle Lam, Greater China Economist at Societe Generale says that the proposed national security legislation and escalating protests are adding further uncertainty to Hong Kong's local businesses, some of which have only just started to recover from the impact of the COVID-19 pandemic.
Steve Wang, Senior Credit Analyst at CITIC CLSA says that Hong Kong’s role as a financial centre for China corporates is weakening and the number of bond issues over the last year has declined.
Andy Xie, Shanghai-based Independent Economist is of the view that China's decision not to set a growth target for this year is understandable, as the figures would be too pessimistic.