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 mainland China

    Hong Kong will from today scrap its stringent hotel quarantine measures for incoming travellers which have been in place for two and a half years. Instead of the current "three plus four" arrangement, where travellers have to quarantine in a designated hotel for three days and spend another four days monitoring their health, arrivals will be given an amber health code for three days, barring them from places like restaurants, bars and gyms but they will be allowed to go to work and attend school, as well as visit places where vaccine pass checks are not mandatory. It is the most substantial move the SAR has taken to date to end its pandemic isolation, and Mr. Lee signalled more easing is likely as the city tries to repair its status as a global financial centre. 

    Global stocks have sold off for a second straight week after a swathe of central banks raised interest rates last week with 10 out of 15 central banks that met increasing rates from between 25bps to as much as 100bps. The FTSE All-World index of global stocks fell 2.1% on Friday, bringing its loss over the week to 5%, the worst since June. 
    On today’s Money Talk, we’re joined by Alex Wong of Alex KY Wong Asset Management and Sean Darby at Jefferies Hong Kong. With a view from Mainland China is Brock Silvers from Kaiyuan Capital. 

    26/09/2022 - 足本 Full (HKT 08:03 - 08:35)

    26/09/2022 - 8:10am Business and Market Discussion

    Alex Wong, Director of Alex KY Wong Asset Management, thinks that the SAR's decision on lifting quarantine measures will not attract tourists and will likely not have an immediate impact on the city's economy.

    Sean Darby, Chief Global Equities Strategist at Jefferies Hong Kong, notes that Central Banks around the world are fighting to compete with the US due to worries over imported inflation and a depreciation over their currencies.

    26/09/2022 - 8:25am View from mainland China

    Brock Silvers, Chief Investment Officer at Kaiyuan Capital, notes that the Hang Seng Index has not bottomed out yet despite hitting record lows and thinks that the Hong Kong markets will continue to be at a bareish state.



    Business and Market Discussion

    主持人:Peter Lewis

    Chinese state-owned groups could guarantee the renminbi bonds of troubled property developers, easing some of their financing woes. Yesterday, online financial news platform REDD said Chinese regulators plan to provide liquidity support to five or six select developers via new yuan bonds guaranteed and underwritten by state-owned firms. The direct backing and guarantees from state-owned banks could provide a boost for lower-risk developers whose ability to refinance debt obligations in the onshore market has come under pressure this year. 

    Reuters is reporting Tencent will have to sell part or all of its 17% stake in food delivery giant Meituan, worth US$24bn, to appease regulators in Beijing. Tencent has been engaging with financial advisers in recent months to work out how to execute a potentially large sale of its Meituan stake, according to Reuters. A source told Reuters that "the regulators are apparently not happy that tech giants like Tencent have invested in and even become a big backer of various tech firms that run businesses closely related to people's livelihoods in the country.” 
    Cathay Pacific said on Tuesday easing quarantine arrangements for inbound travellers are expected to boost its business in the near future. In a statement, Cathay said it carried almost 220,000 passengers in July, about four times that of the figure from a year ago. But passenger numbers were still down 93.3% from pre-pandemic levels.
    Hong Kong fund management representatives on Tuesday called on the government to lift all quarantine measures by November, saying it is crucial for the SAR to reconnect with the world. The Hong Kong Investment Funds Association said two-thirds of the firms it surveyed found it difficult to retain and attract international talents under the city’s Covid restrictions. The association's CEO, Sally Wong, said, "we will have a high-level investment summit and the Rugby Sevens in November. So I think it's pivotal that we can achieve normalcy by November because that is a very important window to show to the rest of the world.” 
    On today’s Money Talk we’re joined by Asian Fund Management Industry Consultant, Stewart Aldcroft, Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia and RTHK’s International Economics Correspondent, Barry Wood.


    17/08/2022 - 足本 Full (HKT 08:03 - 08:35)

    17/08/2022 - 8:09am Business and Market Discussion

    Asian Fund Management Industry Consultant, Stewart Aldcroft, says that Beijing wants Tencent and other platform companies to not have such a large say in firms that Chinese consumers depend upon.

    Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia reports that many US consumers are still hesitant about spending due to the rising cost of living.

    RTHK’s International Economics Correspondent, Barry Wood, notes that the US housing sector is slowing dramatically due to rising mortgage costs.

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