Thread by @MoneyTalkR3

On today's Money Talk; President Xi has praised #Shenzhen as an economic miracle & given it the task of leading growth & innovation across the GBA. He called upon young Hong Kongers to work, study & live in mainland #China to “revitalise” ‘one country, two systems.’
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The #US State Department yesterday formally warned international financial institutions doing business with individuals deemed responsible for undermining #HongKong's autonomy that they could soon face sanctions.
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#US officials are calling for Ant Group to be blacklisted ahead of its $35bn IPO in Hong Kong & Shanghai. China hardliners in the Trump administration want to deter US investors from taking part in the IPO & say buying shares in the company could expose them to fraud.
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#French President Emmanuel Macron has announced a night-time curfew from 9pm to 6am in Paris and eight other cities across #France to control the rapid spread of coronavirus in the country. The curfew will come into effect from Saturday and last for at least 4 weeks.
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#Europe is battling a second wave of #Covid19 infections and across the continent governments are introducing new restrictions. The #Czech Republic has shut schools and bars after reporting the highest rate of infection in Europe over the past two weeks.
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New loans in #China grew at the strongest pace in six months in September. The amount of new loans granted by Chinese lenders increased from 1.28tn yuan in August to 1.9tn in Sep. Total Social Financing eased from 3.58tn yuan to 3.48tn, but was still higher than forecast.
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#Singapore’s economy contracted by 7% in Q3 compared with a year ago. That slightly missed the 6.8% y/y contraction forecast by economists and was slower than the revised 13.3% y/y decline in the previous quarter. On a quarter-on-quarter basis growth rebounded by 7.9%.
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#US producer prices posted their first yearly gain since March, with the cost of wholesale goods and services costing more than expected. The producer price index rose 0.4% for the 12 months ending in September, following a 0.2% slide in August.
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#Europe's manufacturing rebound ran out of steam in August. Industrial production across the #eurozone rose 0.7% in August from the previous month, the slowest rate in four months. Manufacturing activity remained 7.2% below the levels of a year ago.
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The #UK will let trade talks with the #EU continue beyond Boris Johnson’s deadline of Oct 15 as long as EU leaders signal they are prepared to make a final push toward an accord. The UK prime minister will decide whether to walk away from negotiations by the weekend.
10/14

The world’s poorest countries will be given an extra 6-month debt standstill beyond the end of this year to help them tackle the Covid-19 pandemic, the G20 said yesterday.
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#US stocks fell after Steven Mnuchin cast doubt on the government securing a fiscal stimulus deal with Democrats before the presidential election next month. He said the two sides remained “far apart” on certain elements of a deal. The S&P 500 index fell 0.7%.
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On today’s Money Talk we're joined by personal wealth advisor, Enzio von Pfeil and Andrew Freris, CEO of Ecognosis Advisory. In the second part of the show we talk with Stephen Wong, Deputy Executive Director and Head of Public Policy Institute at Our Hong Kong Foundation.
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Money Talk is live on @rthkradio3 from 8am, Monday to Friday. You can listen live across #HongKong on AM 567, via our App “RTHK On The Go” or by downloading the podcast here; rthk.hk/radio/radio3/p…
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