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 / View from South Korea

    主持人:Peter Lewis

    Business leaders have welcomed interim measures suggested by incoming Chief Executive, John Lee, as part of the city’s gradual border reopening and also called for hotel quarantine requirements for travellers to be cut to three days. Mr. Lee told the South China Morning Post yesterday that he is working on a strategy to reopen the Hong Kong border with mainland China and may reduce quarantine for arrivals. In an interview with the SCMP, Mr. Lee conceded that scrapping curbs may take time to achieve but says his administration can set interim goals towards that end. 

    The incoming CE also revealed that he plans to attend the annual Apec leaders’ summit in Bangkok in November, despite being under US sanctions, as part of a more aggressive drive to promote the SAR. Mr. Lee vowed to send out delegations overseas to counter “fear mongering” about Hong Kong. 
    Eurozone business activity suffered a sharp slowdown in June. S&P Global said its flash eurozone composite purchasing managers’ index fell to a 16-month low. The gauge in June was 51.9, down from 54.8 last month. Manufacturers’ output and new orders both fell and companies complained of high inflation, weak demand and political uncertainty. 
    In the US, the composite PMI declined to 51.2 from 53.6. S&P Global said in its report, “the pace of US economic growth slowed sharply in June, with deteriorating forward-looking indicators setting the scene for an economic contraction in the third quarter”. 
    Mexico and Norway have become the latest central banks to raise rates by a larger than expected amount. The Bank of Mexico on Thursday raised its overnight interest rate by 75bps to 7.75%, taking interest rates in the country to the highest in almost three years. Norway’s central bank yesterday raised interest rates by a larger than expected 50bps to 1.25%, its first such hike since May 2002. In other central bank moves, the Philippines' central bank raised its key interest rate by 25 bps to 2.5%. Bank Indonesia held its benchmark interest rate at a record low 3.5%. Both the moves were expected by economists.
    On today’s Money Talk, we’re joined by Andrew Freris of Ecognosis Advisory and Martin Hennecke from St. James's Place.  With a view from South Korea is Peter Kim of KB Securities. 


    24/06/2022 - 足本 Full (HKT 08:03 - 08:35)

    24/06/2022 - 8:08am Business and Market Discussion

    Andrew Freris, CEO of Ecognosis Advisory notes that the Japanese Yen is weak because of BOJ policy which is helping Japan’s economy.

    Martin Hennecke, Head of Asia Investment Advisory at St. James's Place thinks that market expectations of where US interest rates are heading, have fallen sharply this week.

    24/06/2022 - 8:24am View from South Korea

    Peter Kim, Managing Director and Investment Strategist at KB Securities believe that the Philippine peso is very vulnerable to further stresses in the currency markets.

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