Money Talk

40 Episodes
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By: RTHK.HK

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 s...

Business and Market Discussion / View from India
Today at 12:00 AM

Troubled property developer China Evergrande said Thursday that it will suspend trading of all its local bonds for one day for investors to assess the impact of a credit rating cut by China Chengxin International. Evergrande's Shanghai traded corporat...


Business and Market Discussion / View from Taiwan
Yesterday at 12:00 AM

Retail sales and industrial output in China missed economists’ forecasts in August, suggesting the mainland economy slowed further last month, with growth hit by the spread of the Delta variant and adverse weather conditions. Retail sales in August sl...


Business and Market Discussion
Last Wednesday at 12:00 AM

Shares of the world’s most indebted property developer China Evergrande, which has more than US$300bn of liabilities, plunged further on Tuesday morning, after it filed a highly negative update on its business operations and liquidity condition with t...


Business and Market Discussion / View from Japan
Last Tuesday at 12:00 AM

The Financial Times is reporting that China is planning to break up Ant's Alipay and force it to create a separate app for its highly profitable loans business, in the most dramatic restructuring proposed to date of Jack Ma’s Ant Group. The plan will ...


Business and Market Discussion / View from mainland China
Last Monday at 12:00 AM

Credit growth in China staged a powerful rebound in August, with Total Social Financing nearly tripling from 1.06 trillion yuan in July to 2.96 trillion yuan in August. New bank loans to the real economy in China grew from 1.08 trillion yuan in July t...


Business and Market Discussion / View from India
09/10/2021

Hong Kong stocks have fallen by the most in six weeks after China urged companies in the gaming sector to end their focus on profits and amid reports that Beijing has halted approvals for new games. Closely watched investor Cathie Wood, the chief exec...


Business and Market Discussion / new Beijing Stock Exchange
09/09/2021

An editorial in China’s People’s Daily said the regulation of private education, data security and the platform economy is “not targeted at specific industries or businesses.” It said new regulations were aimed at establishing a “new development struc...


Business and Market Discussion
09/08/2021

China’s trade unexpectedly surged last month despite the spread of the Delta variant. China's exports, in US dollar terms, rose 25.6% y/y in August from 19.3% in July and compared to economists’ forecasts of 17.1%. By value, exports hit a record high ...


Business and Market Discussion / View from Japan
09/07/2021

Chinese Vice Premier Liu He yesterday tried to calm concerned business leaders and rattled international investors over the ongoing regulatory crackdown. He said, “the principles and policies for supporting the development of the private economy have ...


Money Talk
09/06/2021


Secretary for Commerce and Economic Development - Edward Yau
09/03/2021

Chinese regulators including the transport ministry yesterday summoned 11 ride-hailing firms to a meeting, including Didi, T3 and Meituan. They have accused the companies of "disorderly expansion" and "vicious competition" tactics and require them to ...


Business and Market Discussion / View from Taiwan
09/02/2021

PMI readings from across Asia show Southeast Asian economies struggling to contain the impact of the Delta variant of Covid-19 whilst North Asian economies are still expanding. The manufacturing gauges for Indonesia, Vietnam, Thailand, Philippines and...


Business and Market Discussion
09/01/2021

Official economic data from China show that activity in the mainland services sector has unexpectedly fallen into contraction. The National Bureau of Statistics said the non-manufacturing PMI for August fell to 47.5 from 53.3 in July, the second lowes...


Business and Market Discussion / View from Japan
08/31/2021

An opinion piece carried widely by Chinese state media has described President Xi Jinping’s regulatory crackdown as a “profound revolution '' and warned that anyone who resisted would face punishment. The article went on to say, “this is a return from...


Business and Market Discussion
08/30/2021

US Federal Reserve Chairman, Jerome Powell, said the central bank could begin to withdraw stimulus this year, but it was in no rush to raise interest rates. However, he gave no timetable for when the tapering of US$120bn a month of bond purchases migh...


Business and Market Discussion / View from India
08/27/2021

South Korea’s central bank has raised interest rates, making it the first developed economy to do so in the pandemic era. The Bank of Korea raised its main policy rate, for the first time in almost three years, by 25bps to 0.75%, as expected by econom...


Business and Market Discussion / View from South Korea
08/26/2021

Prominent Hong Kong University microbiologist Yuen Kwok-yung and his team said yesterday that herd immunity is now impossible to achieve in Hong Kong. Taking into account the use of Sinovac jabs which have a lower efficacy rate, the vaccination rate n...


Business and Market Discussion
08/25/2021

Hong Kong Chief Executive, Carrie Lam, has told the private sector to order their staff to get vaccinated, as this will help allow social distancing measures to be relaxed. She said "there's a common objective between the business world and the Hong K...


Business and Market Discussion / View from Japan
08/24/2021

In the latest fallout from the regulatory crackdown by Beijing on big business, China’s securities regulator has halted 42 IPOs in Shanghai and Shenzhen while it investigates a law firm, an investment bank and other parties which gave advice on the de...


Business and Market Discussion / View from mainland China
08/23/2021

China’s National People's Congress Standing Committee (NPCSC) delayed an expected move on Friday to apply the country’s anti-sanctions law to Hong Kong. The SAR’s member of the NPCSC, Tam Yiu-chung, said a vote on adding the law to the SAR's Basic Law...


Business and Market Discussion / View from India
08/20/2021

Singapore said yesterday that it will lift its quarantine requirement for travellers arriving from Hong Kong, after both governments agreed to stop pursuing a travel bubble between the two sides. From midnight today, Hong Kong visitors will be allowed...


Business and Market Discussion / Latest unemployment figures in Hong Kong - Dr. Law Chi-kwong
08/19/2021

President Xi Jinping yesterday urged China’s wealthy to “give back to society” to ensure “common prosperity”. He vowed to “strengthen the regulation and adjustment of high income, protect legal income, reasonably adjust excessive income, and encourage...


Business and Market Discussion
08/18/2021

Hong Kong’s sole delegate to the National People's Congress Standing Committee, Tam Yiu-chung, said a resolution on adding China’s anti-sanctions law to Annex III of the Basic Law is expected to pass on Friday. He said he’s not worried that the legisl...


Business and Market Discussion / View from Taiwan
08/17/2021

Economic activity on the mainland slowed further in July and missed analysts’ forecasts. China's industrial output expanded 6.4% y/y last month, down from 8.3% in June and missing expectations for growth of 7.9%. Retail sales grew 8.5% y/y in July, co...


Business and Market Discussion / View from mainland China
08/16/2021

Hong Kong’s 2021 economic growth forecast has been revised upwards by the government. GDP is now expected to expand by 5.5% to 6.5%, up from the previous growth forecast of 3.5% to 5.5%.The government cited strong economic growth in the first half and...


Money Talk
08/13/2021


Business and Market Discussion / Blockchain and Digital Currencies
08/12/2021

US inflation steadied at a 13-year high last month. The consumer price index rose 5.4% in July from a year ago, exceeding the 5.3% expected by economists, and in line with the 5.4% increase reported in June. China’s credit growth slowed sharply in Ju...


Business and Market Discussion
08/11/2021

The US Senate passed President Biden’s US$1tn infrastructure package yesterday in a rare bipartisan vote, before sending it to the House of Representatives. The bill includes US$550bn in new spending on so-called hard infrastructure, including roads, ...


Business and Market Discussion / View from Japan
08/10/2021

Producer price inflation and core consumer prices on the mainland accelerated last month according to the latest data from the National Bureau of Statistics. The Producer Price Index, which reflects the prices that factories charge wholesalers for the...


Business and Market Discussion / View from mainland China
08/09/2021

US non-farm payrolls increased by 943,000 last month, the best gains in 11 months and easily beating economists’ consensus forecast that 870,000 jobs would be created.The US Labour Department's closely watched employment report also showed strong wage...


Market and Business Discussion / View from Australia
08/06/2021

The Bank of England's Monetary Policy Committee voted seven to one to keep interest rates at a historic low of 0.1% and to continue the £150bn programme of purchases of government debt until the end of the year. The MPC said that “some modest tighteni...


Business and Market Discussion / View from Taiwan
08/05/2021

The private sector in Hong Kong continued to expand last month but at a slower pace. The IHS Markit Hong Kong PMI was at 51.3 in July, little changed from 51.4 a month earlier. This was the sixth straight month of growth in the private sector, as the ...


Business and Market Discussion
08/04/2021

China’s online gaming industry has become the latest sector to come under intense pressure from state media. The Economic Information Daily, an offshoot of China’s official Xinhua News Agency slammed the online gaming industry as “spiritual opium” and...


Business and Market Discussion / View from Japan
08/03/2021

Data released yesterday showed retail sales growth in Hong Kong slowed sharply in June. Retail sales rose 5.8% to HK$28.1 billion from a year ago, down from the 10.5% growth seen the previous month and far lower than economists' estimates of 14.1%.  ...


Business and Market Discussion / View from mainland China
08/02/2021

The US stock market regulator has launched a crackdown on new Chinese listings. The Securities and Exchange Commission said on Friday, China-based companies will have to disclose more about the way their offerings are structured and contacts with the ...


Business and Market Discussion / View from Australia
07/30/2021

US economic growth was much weaker than expected in the second quarter. GDP accelerated 6.5% on an annualised basis, considerably less than the 8.4% expected by analysts, and compared with 6.3% growth in the first quarter. However, US output is back a...


Business and Market Discussion / Events Industry
07/29/2021

The US Federal Reserve has concluded its two-day monetary policy meeting by leaving interest rates on hold near zero and said the economy continues to improve despite concerns over the spread of the pandemic. But FOMC members noted "risks to the econo...


Business and Market Discussion
07/28/2021

Chinese technology shares have slumped for the third consecutive day as the regulatory crackdown by Beijing broadens. On the first anniversary of its inception, the Hang Seng Tech Index fell by the most since it was launched one year ago. Hit by waves...


Business and Market Discussion / View from Japan
07/27/2021

Shares in Hong Kong and mainland China have plunged after Beijing announced the biggest ever overhaul of China’s US$120bn tutoring industry. Online education firms have been told they can no longer make a profit or go public and foreign investment in ...


Business and Market Discussion / View from mainland China
07/26/2021

About US$16bn was wiped from the value of three major Chinese education companies listed in New York on Friday after China's State Council said it would ban academic tutors from making a profit. Institutions which provide tutorial classes on the schoo...