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Business and Market Discussions / View from Taiwan

2019-05-09

Business and Market Discussions / View from Taiwan

2019-05-09
The Chinese Commerce Ministry says it will take "necessary countermeasures" if the US raises tariffs on Chinese exports which are due to come into effect at noon tomorrow, Hong Kong time. Meanwhile, Chinese Vice Premier Liu He leads a delegation to meet with trade officials in Washington today. President Trump tweeted that “he’s coming to the US to make a deal.”


Exports from China unexpectedly slowed in April, while imports hit their highest level since October. China’s trade surplus with the US widened to US$21 billion in April.

Hong Kong based cryptocurrency exchange Binance says it’s still not sure of the extent of the security breach that led to US$40 million of Bitcoins being stolen. The hack was revealed yesterday and chief executive Changpeng Zhao said he was unsure how many users had been affected or if the holes in its security systems had now been plugged. The exchange says it will refund victims’ losses out of its own funds.

The US says Hong Kong’s proposed new extradition law would put US businessmen at risk and jeopardises Hong Kong’s reputation as a safe place for US businesses. A report from the US-China Economic and Security Review Commission says the proposed amendments to Hong Kong's extradition laws will pose a threat to the security and economic interests of the United States in the SAR and the US Navy could consider alternative ports to Hong Kong.

Our guests on today’s Money Talk are Enzio von Pfeil of St. James’s Place and Louisa Fok from the Bank of Singapore. Providing the view from Taiwan is Taipei-based Political Risk Consultant, Ross Feingold.

Money Talk

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 moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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