Peter Lewis: A fast moving and topical business and finance show.
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 (Mon - Thu 8 to 9 a.m.; Fri 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") .
Hong Kong's financial secretary Paul Chan has unveiled a HK$19 billion economic support package to help the territory’s sagging economy which has been beset by ten weeks of protests. The government cut its 2019 GDP growth forecast to 0%-1% from its previous forecast of 2%-3%.
China’s Ministry of Finance promised to take “necessary countermeasures” after President Trump's decision to impose 10% tariffs on an additional US$300bn worth of Chinese goods. China said the US had "seriously violated" agreements made between Mr Trump and Chinese Premier Xi Jinping at the G20 summit at Osaka in June. Later a spokesperson at China’s Ministry of Foreign Affairs said Beijing “hopes the U.S. will meet China halfway” on trade issues.
President Trump has urged President Xi Jinping to meet with protesters in Hong Kong who have been demanding democratic reforms. Mr Trump had previously suggested that he himself should meet Mr Xi to discuss the crisis in the city. He also tied the protests to a US trade deal with Beijing. He tweeted, "of course China wants to make a deal. Let them work humanely with Hong Kong first!"
Our guests today are Francis Lun of GEO Securities and Alan Luk from Hang Seng Private Banking. With the view from down under is Toby Lawson at Societe Generale Australia.
16/08/2019 - 8:08 Business & Market Discussions
Francis Lun, CEO of GEO Securities, comments that most people will be happy about the HK Financial Secretary's new economic support package, but since the supplementary budget does not solve the core problems in society, Mr. Lun expects protests to continue.
Alan Luk, Head of Private Banking and Trust Services at Hang Seng Private Banking, says that Hong Kong will enter a recession as companies are delaying their spending and capital investments.
16/08/2019 - 8:25 View from Australia