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") .
27/05/2022 - 8:09am Business and Market Discussion
Andrew Freris, Chief Strategist at UCAP HK Asset Management says there was nothing unexpected in the minutes of the last Fed meeting to justify the rally in US stocks.
David Friedland, Managing Director of Asia Pacific at Interactive Brokers is hopeful that the mainland China government will open the country up to international travel after the latest Covid outbreak subsides.
27/05/2022 - 8:23am Community Business awards
The People’s Bank of China has cut the one-year loan prime rate by 10bps from 3.8% to 3.7%. It’s the second reduction in a month. In December, the PBOC cut the one-year loan prime rate for the first time since April 2020. The five-year loan prime rate was reduced by 5 basis points from 4.65% to 4.6%, in its first cut since April 2020.
Inflation in Hong Kong hit a five-month high in December, driven up by rising costs of meals out, takeaway food and electricity charges. Consumer prices rose 2.4% year-on-year in December, up from the 1.8% increase recorded the previous month. Netting out the effects of one-off government relief measures, the underlying inflation rate was 1.4% in December, 0.2 percentage points higher than that in November and at a 19-month high.
The International Monetary Fund has warned that the balance of risks facing Hong Kong’s economy are tilted to the downside. The IMF forecast that economic growth in the SAR will decline from 6.4% in 2021 to 3% in 2022. In its annual report it said risks to the economy include ongoing uncertainty linked to the pandemic, which could impact the flow of people and further weigh on consumption, along with a slower than expected global recovery, and continued disruption of global supply chains. The report said a quicker reopening of borders could drive a stronger recovery in private consumption.
On today’s Money Talk, we’re joined by Kenny Wen of Everbright Securities International and Andrew Freris from UCAP HK Asset Management. With a view from India is Toby Lawson, CEO of Societe Generale India.
You can read Peter’s detailed, daily 7am and midday financial news briefings on our Facebook page, where you can also comment, contribute, and ask him questions.
(Every weekday 8:00am-8:30am, except PHs. You can also email us at email@example.com , or find us on twitter @MoneytalkRadio3) .
21/01/2022 - 8.08 am Business and Market Discussion
Kenny Wen, Wealth Management Strategist at Everbright Securities International predicts that mainland China's economy will stabilise this year with GDP increasing 5.1%.
Andrew Freris, Chief Strategist at UCAP HK Asset Management has a negative view on the Hong Kong stock market for this quarter as the SAR's property sector is looking fragile and the effects of the government’s "zero-Covid" policy is hurting the economy.
21/01/2022 - 8:23am View from India