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") .
The Trump Administration issued a notice yesterday saying that Hong Kong-made products imported to the United States would have to carry "made in China" labels, after President Trump pledged to end the SAR's special trade status. The Hong Kong government said the move was likely inconsistent with WTO rules and it was considering taking action at the World Trade Organisation.
Democratic US presidential candidate Joe Biden has chosen California Senator Kamala Harris as his candidate for vice president. She will be the first black woman and the first Asian-American to stand for vice president.
Chinese banks extended a less than expected 992.7 bn yuan of new loans in July, compared to 1.81 trillion yuan the previous month. Net profits at Chinese banks fell a combined 24% in the second quarter as non-performing loans hit the highest in a decade.
On today’s Money Talk, we’re joined by Stewart Aldcroft of CitiTrust, Nitin Dialdas from Mandarin Capital and RTHK’s International Economics Correspondent Barry Wood.
12/08/2020 - 8:09am Business and Market Discussion
Stewart Aldcroft, Chairman of CitiTrust sees US threats to ban Chinese apps as a commercial move to stifle competition.
Nitin Dialdas, Chief Investment Officer at Mandarin Capital warns that the handling of recent national security cases will act as a barometer of trust in Hong Kong’s rule of law.
Barry Wood, RTHK’s International Economics Correspondent highlights that US sanctions on China are led by Congress, making it difficult for the Trump administration to claim credit.
Landlords across Hong Kong are slashing rents in response to Finance Secretary Paul Chan’s request for the city’s biggest property developers to “fulfil their social responsibilities” to support businesses and prevent job losses. US prosecutors have accused Chinese telecoms giant Huawei of stealing technology from six unnamed American companies. The US Department of Justice has already accused the company of stealing technology from T-Mobile and breaking US sanctions on Iran and it said yesterday it was widening the indictment to include the new charges. Britain's Finance Minister has resigned after Prime Minister Boris Johnston ordered him to fire his entire team of advisors. Sajid Javid stood down as chancellor of the exchequer just one month before the budget and was immediately replaced by senior Treasury official Rishi Sunak. Our guests on today’s Money Talk are Francis Lun of GEO Securities and Louis Kuijs from Oxford Economics. With the view from Australia is Toby Lawson at Societe Generale Australia.
14/02/2020 - 8:08am Business and Market Discussion
Francis Lun, CEO of GEO Securities warns of the inconsistency between US & European stock markets at record highs and the impact of the COVID-19 coronavirus, saying that markets have been reacting too positively.
Luis Kuijs, Head of Asia Economics at Oxford Economics, believes that the work from home measures implemented by Chinese companies could last beyond the crisis, as companies see the benefits of digital working.
14/02/2020 - 8:23am View from Australia