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 from 8 a.m. to 8.30 a.m. every weekday morning 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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkR3") .
The latest economic data from the mainland shows China’s industrial output growing at the slowest pace in 17 years. The unemployment rate rose to the highest level in two years.
US Treasury Secretary Steven Mnuchin has confirmed that the trade summit between President Trump and his Chinese counterpart Xi Jinping will not take place this month. The meeting is now expected in April at the earliest. Donald Trump said earlier today that we’ll know about a trade deal with China “probably one way or the other over the next three or four weeks.
Hong Kong’s securities regulator has imposed its largest ever cumulative fine on several international investment banks for due diligence failings in their roles as sponsors for Chinese initial public offerings. The Securities and Futures Commission has penalised Morgan Stanley, Bank of America Merrill Lynch, UBS and Standard Chartered a total of almost HK$790 million. In addition, the SFC has banned UBS from acting as a sponsor for IPOs in Hong Kong for one year.
Today’s guests on Money Talk are Francis Lun of GEO Securities and Jack Siu from Credit Suisse. We also go down under to hear from Toby Lawson, at Societe Generale Australia.
15/03/2019 - 8:08 Business and Market Discussions
Francis Lun, CEO of GEO Securities, comments that the Chinese economy will likely slow further, and from now on an annual growth rate of 5% or above will be a luxury.
Jack Siu, Director & Senior Investment Strategist for Asia Pacific at Credit Suisse, says that the Chinese opening up of business sectors to foreign investment is a good step forward in the long run as it brings in competition and thus forces businesses in China to innovate.
15/03/2019 - 8:25 View from Australia