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") .
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.
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
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.
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.