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 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 firstname.lastname@example.org, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
Hong Kong Chief Executive Carrie Lam has delivered her third policy address through a recorded video after pan-democracy lawmakers twice forced the adjournment of the meeting and prevented her from delivering her speech in the chamber. Her focus was on four areas: housing, land supply, improving people’s livelihood and economic development.
On today’s Money Talk we analyse the 2019 policy address with Enzio von Pfeil of St. James’s Place and David Roche from Independent Strategy. In the second half of the programme we get the thoughts of Charles Mok, legislator representing the IT Functional Constituency.
17/10/2019 - 8:05 Business and Market Discussions
Enzio von Pfeil, Private Wealth Adviser at St. James’s Place, says that this year's Policy Address lacks an overall vision about the direction Hong Kong is heading.
David Roche, President and Global Strategist from Independent Strategy, comments that Chief Executive Carrie Lam's new measures for housing and land supply are correct in theory, but there is no focus on the delivery and timetable.
17/10/2019 - 8:18 Review of Policy Address
Charles Mok, Legislator representing the IT Functional Constituency, comments that the 2019 Policy Address is the worst since the handover, with nothing new in innovation and technology. Mr. Mok adds that many international companies in Hong Kong have expressed concern over the suggestion to shut down the internet and they have put investments on hold.
Ahead of trade negotiations between the US and China in Washington today and tomorrow, Chinese officials said goodwill has been damaged after the US Commerce Department added 28 Chinese companies and organisations to its “entity list”. US stock index futures have plunged this morning after the SCMP reported that deputy-level trade talks between the US and China aimed at laying the groundwork for high-level negotiations later this week "failed to yield any progress on critical issues." The paper says that the Chinese delegation is planning to leave Washington on Thursday - one day early.
The minutes of the Federal Reserve’s September Monetary policy meeting, at which it cut rates for a second time this year, show central bank officials concerned about the impact of the trade war on the economy and the Fed’s statistical models showing an increased likelihood of recession in the US.
The OECD has proposed a global shake-up of corporate taxation, aimed at allowing countries to more easily tax large multinationals including technology companies, luxury goods makers and car companies, that shift profits around the world to minimise their tax bills. The proposals would allow countries to base taxation on sales made in their jurisdictions, rather than on profits.
On today’s Money Talk we’re joined by Enzio von Pfeil of St. James’s Place and Ian Hui from JP Morgan Asset Management. We also meet local entrepreneur Cynthia Cheung, Co-founder of ReadyTravel by Pecutus Technologies.
10/10/2019 - 8:07 Business and Market Discussions
Enzio von Pfeil, Private Wealth Adviser at St. James’s Place, comments that the OECD's proposal for a global shake-up of corporate taxation is a new way to deal with the current economic situation, while the Fed is still stuck in the old monetary and fiscal framework.
Ian Hui, Global Market Strategist from JP Morgan Asset Management, says that the global economy is now it its late cycle, but a recession will not likely take place within the next year.
10/10/2019 - 8:23 Technology + Entrepreneur – ReadyTravel