Peter Lewis Consulting (China) Limited

14/06/2023

I'll be moderating the panel at the Greenwich Economic Forum on the evolution of China's asset management and wealth management industry on Friday afternoon. Do come and listen and say hi afterwards.

Greenwich Economic Forum | 3,136 followers on LinkedIn. A thought leadership forum for the global investors. Greenwich | Miami | Hong Kong | The Greenwich Economic Forum is a geo-economics conference which we define as the interplay between geopolitics, economics, and investments. Founded in 2018, G...

14/04/2023

Today's Money Talk podcast is here.

On today’s programme, to discuss some of the main business and finance headlines are Francis Lun, the CEO of GEO Securities, and Kenny Wen, Head of Investment Strategy at KGI Asia. With a view from Australia is Toby Lawson, Director at Statton Advice.

Listen now (42 min) | China exports unexpectedly rebound | Brazil’s Lula calls for an end to dollar trade dominance | US producer prices fall to lowest level since January 2021

13/04/2023

On today's Money Talk podcast, (available on Substack, iTunes, Google Podcasts and Spotify), I’m joined by Le Xia, Asia Chief Economist at BBVA, and Nitin Dialdas, Chief Investment Officer at Mandarin Capital. With a view from Taiwan is Ross Feingold, Business Development Director at SafePro Group.

Listen now (42 min) | US core consumer price inflation remains elevated | China injects record March credit to kickstart economy | Indonesia’s biggest IPO of the year Harita Nickel closes higher

12/04/2023

PETER’S BUSINESS & FINANCE BRIEFING - Thursday 13 April 2023, 06:00 Hong Kong

Quick Summary - 4 Things to Know Before Asian Markets Open
1. US consumer price inflation fell slightly more than expected in March. The annual inflation rate in the US slowed for a ninth consecutive period to 5% last month, the lowest since May 2021 and down from 6% in February. It was below market forecasts of 5.2%. Core inflation, which strips out volatile food and energy prices, rose from a 14-month low of 5.5% in February to 5.6% in March, in line with economists’ expectations.

2. Minutes from the Federal Open Market Committee’s March meeting, released on Wednesday, showed that policymakers expected pressure on deposits at several regional banks last month to lead to “tighter credit conditions for households and businesses and to weigh on economic activity, hiring and inflation”. The minutes also show that last month’s 25 bps rate rise to a range of 4.75-5% was a tough call, with several FOMC members considering leaving rates on hold.

3. The PBOC reported Wednesday new yuan loans and Total Social Financing data that was well above expectations. All credit channels experienced very strong growth. Total Social Financing, a broad measure of credit and liquidity in the economy, hit a record for any month of March
4. Shares in Indonesia's Harita Nickel, closed higher on Wednesday, after listing on Jakarta’s stock exchange in the country’s biggest initial public offering of the year. Indonesia is one of the world's hottest IPO markets this year because of a drive by the government to privatise some state-owned enterprises. The country has recorded more than US$2 billion in IPO proceeds so far this year, making it the fourth-most active market globally, and putting the south-east Asian country on course to overtake the US IPO market this year in terms of equity fundraising.

On Thursday’s “Peter Lewis’ Money Talk” podcast (available on Substack, iTunes, Google Podcasts and Spotify), I’ll be joined by Le Xia, Asia Chief Economist at BBVA, and Nitin Dialdas, Chief Investment Officer at Mandarin Capital. With a view from Taiwan is Ross Feingold, Business Development Director at SafePro Group.

• US core consumer price inflation remains elevated • China injects record March credit to kickstart economy • Indonesia’s biggest IPO of the year Harita Nickel closes higher

11/04/2023

PETER’S BUSINESS & FINANCE LUNCHTIME UPDATE - Wednesday 12 April 2023, 06:00 Hong Kong

• Consumer price inflation in China cools in March
• South Korea leaves interest rates on hold
• Philippines & US kick off largest ever military drills

On Wednesday’s “Peter Lewis’ Money Talk” podcast (available on Substack, iTunes, Google Podcasts and Spotify), I’ll be joined by Personal Wealth Advisor, Enzio von Pfeil, and Richard Harris, Chief Executive Officer at Port Shelter Investment Management. With a view from Japan is John Beirne, Vice-chair of Research, at the Asian Development Bank Institute.

• Consumer price inflation in China cools in March • South Korea leaves interest rates on hold • Philippines & US kick off largest ever military drills

11/04/2023

Today's Money Talk podcast is here

Listen now (34 min) | US jobs growth slows to the least since December 2020 | China’s services sector expands at fastest rate in more than 2 years | China holds three days of military drills around Taiwan

11/04/2023

PETER’S BUSINESS & FINANCE BRIEFING - Tuesday 11 April 2023, 06:00 Hong Kong

Quick Summary - 4 Things to Know Before Asian Markets Open
1. The global economy is set to grow at roughly 3% over the next five years, the slowest pace since 1990, the head of the International Monetary Fund said last week. Speaking ahead of the World Bank and IMF spring meetings this week in Washington D.C., Kristalina Georgieva said the path ahead was "rough and foggy" and warned that cooperation to address the problems was becoming more difficult.

2. French President Emmanuel Macron said that Europe needs to decrease its reliance on the US for weapons, energy, and the “extraterritoriality” of the US dollar. Mr. Macron also emphasised the importance of Europe avoiding being drawn into a potential conflict between China and the US over Taiwan

3. Tesla has announced plans to build a factory in Shanghai to produce its Megapack energy storage system. These are large lithium-ion battery packs which help store renewable energy for electricity grids and are a key component for its energy storage and generation business, as they help stabilise the power grid and prevent outages. Construction of the new plant is expected during the third quarter of this year, with production scheduled to begin in the second quarter of 2024.
4. In the US, Q1 earnings season kicks off this week. Analysts expect companies in the S&P 500 to report a second consecutive decline in quarterly earnings. First-quarter profits are projected to drop 6.8% from the same period a year earlier, according to FactSet.

On Tuesday’s “Peter Lewis’ Money Talk” podcast (available on Substack, iTunes, Google Podcasts and Spotify), I’ll be joined by Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia, Andrew Sullivan, Founder of Asian Market Sense, and our US Economics Correspondent, Writer & Broadcaster, Barry Wood.

This podcast is sponsored by online financial services company Surfin Group, which is headquartered in Singapore. You can find out more about them by going to their website

10/04/2023

PETER’S BUSINESS & FINANCE BRIEFING - Tuesday 11 April 2023, 06:00 Hong Kong

Quick Summary - 4 Things to Know Before Asian Markets Open
1. The global economy is set to grow at roughly 3% over the next five years, the slowest pace since 1990, the head of the International Monetary Fund said last week. Speaking ahead of the World Bank and IMF spring meetings this week in Washington D.C., Kristalina Georgieva said the path ahead was "rough and foggy" and warned that cooperation to address the problems was becoming more difficult.

2. French President Emmanuel Macron said that Europe needs to decrease its reliance on the US for weapons, energy, and the “extraterritoriality” of the US dollar. Mr. Macron also emphasised the importance of Europe avoiding being drawn into a potential conflict between China and the US over Taiwan

3. Tesla has announced plans to build a factory in Shanghai to produce its Megapack energy storage system. These are large lithium-ion battery packs which help store renewable energy for electricity grids and are a key component for its energy storage and generation business, as they help stabilise the power grid and prevent outages. Construction of the new plant is expected during the third quarter of this year, with production scheduled to begin in the second quarter of 2024.
4. In the US, Q1 earnings season kicks off this week. Analysts expect companies in the S&P 500 to report a second consecutive decline in quarterly earnings. First-quarter profits are projected to drop 6.8% from the same period a year earlier, according to FactSet.

On Tuesday’s “Peter Lewis’ Money Talk” podcast (available on Substack, iTunes, Google Podcasts and Spotify), I’ll be joined by Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia, Andrew Sullivan, Founder of Asian Market Sense, and our US Economics Correspondent, Writer & Broadcaster, Barry Wood.

This podcast is sponsored by online financial services company Surfin Group, which is headquartered in Singapore. You can find out more about them by going to their website www.surfin.sg

• US jobs growth slows to the least since December 2020 • China’s services sector expands at fastest rate in more than 2 years • China holds three days of military drills around Taiwan

04/04/2023

Today's Money Talk podcast is here

Listen now (30 min) | • Oil prices surges 6% after Opec+ announces surprise oil production cut • Chinese private sector factory growth slows in March • US manufacturing activity falls to its lowest level in almost 3 years

03/04/2023

PETER’S BUSINESS & FINANCE BRIEFING - Tuesday 4 April 2023, 06:00 Hong Kong

Quick Summary - 4 Things to Know Before Asian Markets Open
1. The Opec+ group of oil producing nations, which includes Saudi Arabia, Russia and eight other countries, announced Monday surprise oil production cuts totalling more than 1 million barrels a day, to extend through the end of 2023, in the face of weaker demand. Saudi Arabia will implement a “voluntary cut” of 500,000 bpd, or just under 5% of its output, in “coordination with some other Opec and non-Opec countries'”, it said. Russia also said it would extend its existing production cut of 500,000 b/d until the end of the year.

2. Growth in China’s manufacturing sector unexpectedly slowed in March, a private survey showed on Monday. The Caixin Manufacturing PMI declined to 50 in March, retreating from an eight-month high of 51.6 hit in the prior month. The reading also missed expectations for growth of 51.7. The latest result highlighted growing doubts about the strength of the recovery in China, amid the ongoing property downturn and global financial uncertainty.

3. US manufacturing activity fell to its lowest level in almost three years last month. The ISM Manufacturing Index posted a reading of 46.3 for the month. That was down from 47.7 in February and below economist’s estimates of 47.3. It was the fifth straight month of contraction in factory activity, suggesting that rising interest rates and growing recession fears are starting to weigh on businesses.

4. US House speaker Kevin McCarthy will meet Taiwan president Tsai Ing-wen in California on Wednesday, his office confirmed, amid rising tensions between Washington and Beijing. She will stop off in Los Angeles as part of a 10-day trip that includes Central America. China’s Taiwan Affairs Office had previously warned President Tsai that “if she meets with Mr. McCarthy, it will be another provocation that severely violates the one-China principle and pledged to “resolutely hit back”.

On Tuesday’s “Peter Lewis’ Money Talk” podcast (available on Substack, iTunes, Google Podcasts and Spotify), I’ll be joined by Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia, Pete Sweeney, Financial Columnist at Reuters, and our US Economics Correspondent, Writer & Broadcaster, Barry Wood. This podcast is sponsored by online financial services company Surfin Group, which is based out of Singapore. You can find out more about them by going to their website www.surfin.sg

• Oil prices surges 6% after Opec+ announces surprise oil production cut • Chinese private sector factory growth slows in March • US manufacturing activity falls to its lowest level in almost 3 years

03/04/2023

PETER'S BUSINESS & FINANCE LUNCHTIME UPDATE

• Opec+ announces surprise oil production cut
• China presses Japan to reverse course on chip curbs
• Chinese private sector factory growth slows in March

On Tuesday’s “Peter Lewis’ Money Talk” podcast (available on Substack, iTunes, Google Podcasts and Spotify), which is sponsored by Surfin Group in Singapore, I’ll be joined by Mark Michelson, Chairman of the Asia CEO Forum at IMA Asia, Peter Sweeney, Financial Columnist at Reuters, and our US Economics Correspondent, Writer & Broadcaster, Barry Wood.

• Opec+ announces surprise oil production cut • China presses Japan to reverse course on chip curbs • Chinese private sector factory growth slows in March

03/04/2023

Today's episode of my Money Talk podcast is here. I'm joined on the programme by Alex Wong, director at Alex KY Wong Asset Management, and Iris Pang, Chief Greater China Economist at ING Wholesale Banking. With a view from mainland China is Yanan Wu, Chairman and CEO of Surfin Group, which is headquartered in Singapore.

We discuss China's economic recovery, the investigation by China's regulator into Micron, Japan's new export restrictions, the surprise announcement by OPEC to reduce oil production by 1 million bpd, and equity market performance in the first quarter.

Listen now (45 min) | China’s PMI data shows non-manufacturing surged the most in 12 years | Hong Kong retail sales jump by the most in 13 years | Japan to put export restrictions on chip manufacturing equipment