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") .
<Facebook Live with Hanscom Smith: US Consul General to Hong Kong and Macau>
Canada has suspended its extradition treaty with Hong Kong in response to the new national security law. Canada is also halting exports of some military equipment and will treat exports of sensitive goods to the SAR in the same ways as those destined for mainland China.
The world suffered a record number of new Covid-19 infections on Saturday with the global total now exceeding 11.5 million, damaging hopes for a V-shaped global economic recovery. The biggest increases occurred in North and South America.
A private survey of business activity in China’s services sector suggests the country is recovering from the economic blow of the coronavirus. The Caixin Non-Manufacturing PMI rose to a 10-year high of 58.4 in June from 55 in May. New business picked up and new export business expanded for the first time since January. But employment remained in contraction for the fifth straight month.
On today’s Money Talk, we’re joined by the US Consul General to Hong Kong and Macau, Hanscom Smith, to discuss the US government’s position on the national security law.
06/07/2020 - Hanscom Smith, Consul General of the United States to Hong Kong and Macau
The US Consul General to Hong Kong and Macau, Hanscom Smith, says that the opacity and vagueness of Hong Kong's new national security law remains of major concern to the United States, highlighting that stability can only be achieved through the maintenance of a transparent and democratic system, something that has made Hong Kong's success so far.
He points out that the imprecise definition of what could constitute a crime under the new law brings uncertainty to the business community and calls on the government to realise that this disadvantages both Hong Kong and the US.
08/06/2020 - 8:11am Business and Market Discussion / JB Beckett, author of "New Fund Order"
David Roche, President and Global Strategist at Independent Strategy believes possible US sanctions will not have a major impact on Hong Kong's economy but warns that uncertainties surrounding the national security law could curtail the city's attractiveness.
JB Beckett, Author of "New Fund Order", highlights that the COVID-19 pandemic has accelerated underlying trends, putting into question the free market economy's efficiency in times of crisis.