Peter Lewis: A fast moving and topical business and finance show.



    主持人:Peter Lewis

    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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .



    Business and Market Discussion

    Hong Kong Financial Secretary Paul Chan announced yesterday a budget to stabilise the economy, containing HK$120bn of counter cyclical measures. But the level of sweeteners at HK$80 billion this year, is 33% lower than last year’s HK$120 billion. The budget deficit is forecast to be a record HK$257.6 billion this year. That’s less than the government’s previous forecast of HK$300bn.

    In a budget of halves, there were several familiar measures, but at half last year’s level. The salaries tax and profits tax waiver for the coming year was halved from HK$20,000 last year to HK$10,000 this year. And the handouts to the needy were also halved, with people getting an extra half a month’s worth of welfare, old-age, and disability allowances, instead of a full month as before. Last year’s cash handout of HK$10,000 was replaced with HK$5,000 worth of electronic spending vouchers.
    Shares in Hong Kong plunged after financial secretary Paul Chan increased stamp duty from 0.1 to 0.13%. It’s the first time stamp duty in the city has been increased for almost 30 years. The Hang Seng Index tumbled 914 points or 3% to end the day at 29,718, its biggest fall in 9 months. Shares of Hong Kong Exchanges and Clearing fell as much as 12.3% before later trimming losses to 8.8% but still its biggest drop since 2015.
    On today’s Money Talk, reviewing the 2021-22 budget is personal wealth advisor, Enzio von Pfeil, Kenneth Wong, Tax Partner at PwC Hong Kong and Samuel Faveur, Chief Executive Officer of Mandarin Capital.

    25/02/2021 - 足本 Full (HKT 08:03 - 08:35)

    25/02/2021 - 8:08am Business and Market Discussion

    Personal Wealth Advisor, Enzio von Pfeil, thinks that the measures contained in Hong Kong’s 2021-22 budget are "band-aids" but not a real cure for an economy affected by the pandemic.

    Samuel Faveur Chief Executive Officer at Mandarin Capital laments that the budget is not efficient enough as the measures introduced lean towards corporates and is rather weak on the social aspect.

    Kenneth Wong, Tax Partner at PwC Hong Kong thinks that the new unemployment loan scheme is unlikely to work and believes that more follow up plans and execution detail will be needed.




    Samuel Faveur, (Right) Chief Executive Officer at Mandarin Capital, Kenneth Wong, (Left) Tax Partner at PwC Hong Kong


    Elsa Pau, Founder of BlueOnion (Credits: Blue Onion)

    Business and Market Discussion / View from South Korea

    主持人:Peter Lewis

    Technology shares have tumbled in Hong Kong and the US as the Bloomberg Commodity Index rose to the highest level since 2013, raising the spectre of inflation. In Hong Kong, the Hang Seng Tech Index plunged 5.5%, in the worst-sell off since mid-November. In the US, the NASDAQ Composite Index tumbled 2.5% to a 3-week low.

    Hong Kong’s Financial Secretary, Paul Chan, is expected to unveil an austerity budget tomorrow as he expresses concern over the deficit which is expected to hit a record high of HK$300 billion in the current fiscal year. The finance minister is expected to announce measures to develop a green ecosystem in Hong Kong, which he believes is key to the city’s economic recovery.
    Chinese Foreign Minister Wang Yi urged the Biden Administration to remove tariffs and sanctions and to “build up goodwill.” He said the actions of the Trump administration to suppress and contain China were the root cause of the difficulties in their bilateral relations. He added, the US should abandon the “irrational suppression” of China’s technology progress.
    On today’s Money Talk, we’re joined by Dickie Wong of Kingston Securities and Alex Frew McMillian from Dragonfly Media. With a view from South Korea is Peter Kim of KB Securities.


    23/02/2021 - 足本 Full (HKT 08:03 - 08:35)

    23/02/2021 - 8:09am Business and Market Discussion

    Dickie Wong, Head of Research at Kingston Securities, is concerned about rising inflation expectations in the markets and believes that investors are too optimistic about the economic outlook in Mainland China.

    Alex Frew McMillian, Writer at Dragonfly Media, thinks that the large amounts of technology stocks being sold is due to retail investors.

    23/02/2021 - 8:25am View from South Korea

    Peter Kim, Managing Director and Investment Strategist at KB Securities believes that central banks have a long way to go before raising interest rates due to concerns about inflation.

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