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") .
In a widely expected move, China has cut its reference lending rate, the Loan Prime Rate. The 1-year rate was lowered by 10bps to 4.05%. The 5-year tenor, against which mortgage rates are benchmarked, was cut by 5bps to 4.75%. China's overall credit surged in January, with new bank loans hitting an all-time high. Total social financing, the broadest measure of credit in the economy was 5.07 trillion yuan in January, the largest print since the central bank started publishing this data in 2017. The latest analysis from Oxford Economics shows the coronavirus outbreak could cost the global economy $1.1tn in lost income if it spreads into a pandemic.The economic forecaster warned that the spread of the virus to regions outside Asia would knock 1.3% off global growth this year. On today’s Money Talk, we’re joined by Francis Lun of GEO Securities and Kenny Wen at Everbright Sun Hung Kai. With the view from Australia is Toby Lawson from Societe Generale.
21/02/2020 - 8:09am Business and Market Discussion
Francis Lun, CEO of GEO Securities doesn't think that the PBOC's move to reduce China's benchmark 1-year loan prime rate by 10 basis points will have a major impact on the economy but he warns that factory closures are starting to have far reaching effects.
Kenny Wen, Wealth Management Strategist at Everbright Sun Hung Kai forecasts more interest rate cuts in China as the currently struggling SME's remain crucial to the nation's economy.
21/02/2020 - 8:25am View from Australia
Global Stock markets have fallen sharply as concerns grow over the spread of China's deadly flu-like virus. Hong Kong and mainland shares were the hardest hit. China's Shanghai Composite fell by the most in eight months and the Hang Seng in Hong Kong tumbled below 28,000. However, US shares have recovered after the World Health Organisation tried to calm fears over the deadly coronavirus.
The European Central Bank has left interest rates in the eurozone unchanged and launched a strategic review into its monetary policy, after once again failing to reach its inflation target of 2%.
US Treasury Secretary Steven Mnuchin has told teenage environmentalist Greta Thunberg to go away and study economics before lecturing investors. He said her call for investors to divest fossil fuels showed a lack of understanding about the economy and jobs.
On today’s Money Talk we’re joined by Gavin Parry of Parry International Trading and Tariq Dennison at GFM Asset Management. On the phone from Sydney with the view from Australia is Toby Lawson of Societe Generale.
24/01/2020 - 8:08am Business and Market Discussion
Gavin Parry, Managing Director at Parry International Trading says it's too early to buy following this week's sharp falls in Hong Kong and mainland stock markets.
Tariq Dennison, Portfolio Manager at GFM highlighted that it will take at least six months to get comprehensive economic data about the impact of the Wuhan coronavirus.
24/01/2020 - 8:24am View from Australia