Thailand's Digital Future Key to Boosting Growth
July 3, 2025-Digital transformation can boost Thailand's competitiveness, create jobs and drive longer term economic growth amid global uncertainty, according to the World Bank's new Thailand Economic Monitor: Digital Pathways to Growth launched today.
Thailand's annual GDP growth is expected to slow to 1.8 percent in 2025 and 1.7 percent in 2026, reflecting recent global trade policy shifts, weakening exports, slowing consumption and moderating tourism recovery. However, GDP growth could rise to 2.2 percent in 2025 and 1.8 percent in 2026 with improved investment sentiment.
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Source: worldbank.org
Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
July 2, 2025-The Australian Securities Exchange (ASX), the Tokyo Stock Exchange, Inc. (TSE), and Fujitsu Limited on June 2, 2025 signed MOU to develop a SaaS-based Request for Quote (RFQ) platform. Fujitsu will develop the platform based on "CONNEQTOR, " an RFQ platform for the ETF market developed by TSE and Fujitsu, and provide it to ASX.
The initiative aims to modernize the process for ETF pricing in Australia by implementing a SaaS RFQ platform, built and managed by Fujitsu. The foundation of this new platform is the CONNEQTOR system provided by TSE, one of Asia's most successful RFQ platforms. Since its launch in February 2021, CONNEQTOR has enabled over 290 users to significantly reduce costs and improve the efficiency of their ETF trading operations. Monthly trading value reached a record high of JPY 306.4 billion in April 2025.
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Source: Fujitsu Limited
QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 25, 2025-Qualified Foreign Institutional Investors (QFIIs) will be permitted to trade onshore ETF options starting October 9, exclusively for hedging purposes, according to the China Securities Regulatory Commission.
This marks another major step in opening China's capital markets, following the introduction of commodity futures and options, which is believed to attract long-term foreign capital to allocate to A-shares by expanding risk management tools and enhancing market stability. Among the eligible products are E Fund STAR 50 ETF (Code: 588080), E Fund ChiNext ETF (Code: 159915), and E Fund SZSE 100 ETF (Code: 159901), managed by E Fund Management (E Fund), the largest mutual fund manager in China.
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Source: E Fund Management
Indonesia's Economy Remains Resilient Despite Global Headwinds
June 23, 2025-Housing Sector Reform to Boost Jobs, Investment, and Growth
Indonesia's economy grew at an annual rate of 4.9 percent in the first quarter of 2025, despite challenging global conditions, according to People-First Housing: A Roadmap from Homes to Jobs to Prosperity in Indonesia, the June 2025 edition of the Indonesia Economic Prospects (IEP) report.
Robust macroeconomic policies, including low inflation, adequate financial buffers, and strict adherence to fiscal rules, have been instrumental in bolstering Indonesia's economic resilience. These measures have helped manage reduced government consumption and slower investment. Economic growth has benefitted the poorest groups, but its return diminished for wealthier groups of middle-classes as reflected by slower consumption growth for aspiring middle-class households. Focusing on generating better jobs that maintains middle-class standards of living will be important for the future.
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Source: worldbank.org
PHILIPPINES: Boosting Private Sector Growth and Job Creation Key to Mitigating Global Uncertainty and Risk
June 19, 2025-Stimulating private sector growth and job creation will enable the Philippines to enhance inclusive growth in the face of increasing global uncertainty and domestic risks,according to the World Bank.
The Philippines Economic Update (PEU) released today finds that unlocking the potential of the country's business sector,particularly that of its small and medium-sized enterprises (SMEs),will help the Philippines maintain its strong growth trajectory.
The PEU forecasts that gross domestic product (GDP) will grow by 5.3 percent in 2025,down just 0.3 percentage points compared to the average for 2023-2024. This is thanks to a robust job market,stable and low inflation,and supportive fiscal and monetary policies,which are helping offset strong headwinds caused by increasing trade barriers and greater financial market volatility.
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Source: worldbank.org
Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 18, 2025--Solactive is pleased to announce its collaboration with Mirae Asset Global Investments and the Korea Economic Daily Index (KEDI) for the launch of MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, which tracks the jointly developed Solactive-KEDI China Global Leaders TOP3Plus Index.
The index captures the performance of China's most internationally active companies, offering investors focused exposure to leading Chinese firms with significant overseas revenues.
Top Chinese companies in the automotive, technology, and biotech sectors are rapidly expanding their international revenue streams. In April 2025, exports in high-value sectors such as mechanical and electrical products rose by 9.5% year-on-year, accounting for 60.1% of China's total exports[1][2]. With China's GDP growth expected to remain around 5% in the near term[3], diversification into new markets, especially within ASEAN and the EU, helps mitigate tariff pressures and sustain export momentum. Consequently, these companies are projected to maintain strong revenue streams and reinforce China's presence as a key player in global trade with high industrial competitiveness.
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Source: Solactive, AG
Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025--Starting June 16, the ChiNext Index will implement methodology adjustments, including a 20% cap on individual stock weights and an ESG negative screening mechanism, aiming to enhance the index's focus on high-growth, innovative firms while aligning with global standards.
As of June 10, ETFs tracking the ChiNext Index held more than US$ 16.1 billion in assets, led by the E Fund ChiNext ETF (159915) accounting for US$ 11.6 billion under E Fund Management, China's largest mutual fund manager.
Launched in 2010, the ChiNext Index, comprising 100 growth-oriented and innovative enterprises listed on the ChiNext Board, has undergone 53 revisions, reflecting China's economic transformation. The latest changes will further optimize its structure to emphasize emerging growth sectors -new-generation information technology (34%), new energy vehicle (24%) and healthcare (12%), underscoring its alignment with China's strategic shift toward high-tech innovation.
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Source: E Fund Management
Unlocking Consumption to Sustain Growth in China -World Bank Economic Update
June 13, 2025--China's economy maintained growth momentum in early 2025, with real GDP expanding by 5.4 percent year-on-year in the first quarter. Policy support helped boost consumption and spurred a pickup in home sales in major cities. However, consumption growth remains soft, and the property sector in lower-tier cities continues to struggle.
Meanwhile, manufacturing investment and exports-strong until recently-now face headwinds from global trade policy uncertainty. In response, the government has implemented accommodative monetary and fiscal policies. The latest China Economic Update, "Unlocking Consumption," outlines additional reforms aimed at raising consumption.
According to the Update released today, growth is projected to moderate to 4.5 percent in 2025 and 4.0 percent in 2026, as global trade restrictions and uncertainty weigh on exports, manufacturing investment, and hiring.
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Source: worldbank.org
US trading firm Virtu weighs foray into China market-making business
June 13, 2025--Virtu Financial Inc, one of the world's largest trading and market-making firms, is eyeing an entry into China, a top executive said, to tap into the rising and lucrative trading opportunities in the market.
Reuters reported in April that China is considering opening its $520 billion ETF market to Western market makers, potentially attracting firms such as Citadel Securities, Jane Street, and Amsterdam-based Optiver.
"China presents a long-term growth opportunity for Virtu due to its scale and increasing openness," Brett Fairclough, co-president and co-chief operating officer of Virtu told Reuters in an email statement.
A potential onshore Chinese presence would be a natural extension of Virtu's Asia operations and aligns with its disciplined global expansion approach, he added.
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Source: reuters.com
Tokyo Stock Exchange-Entry of the White Label ETF Provider
June 12, 2025--In recent years, various countries have seen the rising of white label ETF providers. These providers handle middle and back-office operations, other than product planning, in-fund management operations.
In Japan, there have been no such white label providers, however, we are pleased to announce that JAMP Fund Management Co., Ltd., a group company of Japan Asset Management Platform (JAMP) has announced the start of its white label business.
This development is expected to lead to listing of more diversified ETFs, including domestic ETFs investing in ETFs listed in other countries (ETF of ETF scheme) on the Tokyo Stock Exchange (TSE) market, as well as ETFs formed with domestic asset managers providing only investment advice. White label ETF scheme makes it easier to
realize new investment ideas in the TSE ETF market and is expected to offer a wider range of attractive products to investors.
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Source: Tokyo Stock Exchange