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 / View from Japan

    A Covid-19 outbreak is spreading in eastern China. The mainland’s National Health Commission China reported Monday 380 new Covid-19 cases for July 3, following 385 the previous day. 287 cases were reported in Anhui province, where two counties are in lockdown and mass testing is taking place. There were also 56 cases from neighbouring Jiangsu province, which is the second biggest contributor to China’s economic output and a crucial global manufacturing hub for the solar sector. 

    India’s trade gap also hit a record high in June because of the rising cost of imports. The deficit rose to US$25.6 billion in June, from US$24.3 billion in May, preliminary data released by the Commerce Ministry showed Monday. Imports jumped 51% in June from a year ago, while exports rose 16.8%. India imports about 85% of its annual oil requirements.
    Financial regulators in Hong Kong and on the mainland jointly announced on Monday that they are working to develop a new mutual market access programme that would enable offshore investors to execute interest rate derivatives transactions with onshore investors in the mainland. In a joint statement, the regulators said the programme, Swap Connect, would be an effective way for offshore investors to manage interest rate risks arising from investments in the mainland bond market. 
    ETF Connect launched Monday providing Hong Kong investors with access to 83 China-based ETFs with a value of around 600 billion yuan (US$90bn). It also gives onshore traders access to four Hong Kong-based ETFs, including the Tracker Fund. 
    On today’s Money Talk, we’re joined by Kenny Wen from KGI Asia and William Ma from GROW Investment Group. With a view from Japan is Nick Smith at CLSA. 

    05/07/2022 - 足本 Full (HKT 08:03 - 08:35)

    05/07/2022 - 8:08am Business and Market Discussion

    Kenny Wen, Head of Investment Strategy, KGI Asia notes that Hong Kong stocks are outperforming US markets and he is optimistic that will continue in H2 of 2022.

    William Ma, Chief Investment Officer, GROW Investment Group reports that demand for housing from private developers in China is weak and companies need more liquidity to stay afloat.

    05/07/2022 - 8:24am View from Japan

    Nick Smith, Japan Strategist at CLSA says that Japan's economy is going through a policy muddle, as officials are trying to cool off inflation by offering subsidies but at the same time the BOJ is printing more yen to increase inflation.


    06 - 07

    Business and Market Discussion

    主持人:Peter Lewis

    China’s State Council has announced 33 new measures to try and boost economic growth and support businesses in the face of coronavirus lockdowns across the country. The plan includes value-added tax rebates for more industries, aid to companies that have seen business and orders collapse under the weight of the anti-Covid curbs, along with tools to boost infrastructure investment and improve supply chain disruptions. In total, the new measures amount to 140 billion yuan (US$21 bn) in additional tax rebates.

    Yesterday, UBS and JPMorgan Chase became the latest investment banks to downgrade their forecasts for China’s economic growth this year. UBS cut its year-on-year GDP growth forecast to 3% from 4.2%, citing the impact of China’s Zero-Covid policy. Meanwhile, JPMorgan downgraded its full-year China growth forecast to 3.7% from 4.3% and forecast a deep economic contraction in the second quarter because of the Covid restrictions. 
    Hong Kong reported 216 coronavirus cases on Tuesday, up from 190 the previous day, but still down from the 250 to 350 infections confirmed daily over the past one to two weeks. Chief Executive, Carrie Lam, said there is unlikely to be any relaxation to Hong Kong's pandemic border control measures before she completes her term at the end of June. She also said the vaccine pass will stay for the time being. 
    India announced Tuesday that it will restrict sugar exports in another blow to combatting surging global food prices. The government will cap sugar exports at 10 million tons for the marketing year that runs through September, as a precautionary measure to safeguard its own food supplies. India is the world’s second biggest sugar exporter after Brazil. Yesterday, President Joe Biden and Indian Prime Minister Narendra Modi discussed efforts to combat the rise in energy and food prices caused by Russia’s invasion of Ukraine, in a bilateral meeting in Tokyo.
    On today’s Money Talk we’re joined by Patrick Bennett from CIBC World Markets, Jack Siu at Credit Suisse and RTHK’s International Economics Correspondent, Barry Wood.


    25/05/2022 - 足本 Full (HKT 08:03 - 08:35)

    25/05/2022 - 8:09am Business and Market Discussion

    Patrick Bennett, Macro Strategist, CIBC World Markets worries that the establishment of the Indo-Pacific Economic Forum might put an end to globalisation and begin an era of regionalization.

    Jack Siu, Chief Investment Officer Greater China at Credit Suisse expects there to be further downgrades for China's economy in Q2, despite the gradual easing of lockdown restrictions in some cities.

    RTHK’s International Economics Correspondent, Barry Wood notes the first slowdown in US earnings since the global financial crisis.

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