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") .
President Trump said Saturday he supports “in concept” a deal between ByteDance and Oracle that will allow video sharing app TikTok to continue to operate in the United States. However, a California judge has temporarily blocked a US Department of Commerce ban on Chinese social media app WeChat just hours before it was due to be implemented.
21/09/2020 - 8:09am Business and Market Discussion
Dickie Wong, Head of Research at Kingston Securities warns that a strong HK$ doesn't lead to a robust stock market as most local investors are focusing on IPO's.
Nate Taplin, Asia Editor at the Wall Street Journal's Heard on the Street highlights that more fiscal stimulus is needed to speed-up the economic recovery in the US.
21/09/2020 - 8:24am View from mainland China
The Trump Administration issued a notice yesterday saying that Hong Kong-made products imported to the United States would have to carry "made in China" labels, after President Trump pledged to end the SAR's special trade status. The Hong Kong government said the move was likely inconsistent with WTO rules and it was considering taking action at the World Trade Organisation.
Democratic US presidential candidate Joe Biden has chosen California Senator Kamala Harris as his candidate for vice president. She will be the first black woman and the first Asian-American to stand for vice president.
Chinese banks extended a less than expected 992.7 bn yuan of new loans in July, compared to 1.81 trillion yuan the previous month. Net profits at Chinese banks fell a combined 24% in the second quarter as non-performing loans hit the highest in a decade.
On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust, Nitin Dialdas from Mandarin Capital and RTHK’s International Economics Correspondent Barry Wood.
12/08/2020 - 8:09am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust sees US threats to ban Chinese apps as a commercial move to stifle competition.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital warns that the handling of recent national security cases will act as a barometer of trust in Hong Kong’s rule of law.
Barry Wood, RTHK’s International Economics Correspondent highlights that US sanctions on China are led by Congress, making it difficult for the Trump administration to claim credit.