PBOC to Remove Reserve Requirement on FX Forward Trading
September 8, 2017--Reserve requirement said to be cut to zero, from 20% currently
Change seen aimed at slowing the yuan's pace of appreciation
China's central bank will effectively remove a reserve requirement for trading foreign currency forwards--a move that may slow the pace of yuan appreciation after its biggest two-week surge in at least a decade--according to people familiar with the matter.
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Source: Bloomberg
Japanese bonds: expect lower-for-longer yields
September 7, 2017--Bank of Japan buying and investor risk aversion keep 10-year debt near zero.
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Source: FT.com
World Bank lays out options for accelerated Pacific Island growth
September 7, 2017--The World Bank today laid out a series of options to accelerate economic growth in the Pacific region to create more than 500,000 new jobs and increase incomes by more than 40 percent for people in most Pacific Island countries by 2040.
The report, Pacific Possible, was launched by the Prime Minister of Samoa, Hon. Susuga Tuilaepa Sailele Malielegaoi and World Bank Vice President for East Asia and Pacific, Victoria Kwakwa at a meeting of leaders and representatives from 17 Pacific Island nations, plus Australia and New Zealand, at the 48th Pacific Islands Forum Leaders' Meeting in the Samoan capital Apia.
view the World Bank report-Pacific Possible
Source: World Bank
Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal
September 4, 2017--Digital currency falls as much as 11 percent, most since July
China PBOC says all ICOs must be stopped and refunds provided.
Bitcoin tumbled the most since July after China's central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately, issuing the strongest regulatory challenge so far to the burgeoning market for digital token sales.
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Source: Bloomberg
Hong Kong, Singapore in talks to grab bigger share of derivatives business
September 3, 2017--Hong Kong and Singapore are seeking to snare a bigger share of the $540 trillion global derivatives business, taking advantage of tough new UK and European banking rules and uncertainty created by Britain's plans to leave the European Union.
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Source: Reuters
Modi's 'smart beta' ETF first in the world, and worthy too; here's why
September 1, 2017--Investing via indices, or passive investing, has accelerated rapidly over the past decade. As interest in index investing has grown, so has the nature and flavour of indices.
Starting from plain vanilla market capitalisation-weighted indices designed to capture the market or a slice of the market, indices have expanded to include an array of investment themes, which are rules-based strategies labelled under the catch-all term 'smart beta'.
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Source: economictimes.indiatimes.com
China QFII quota rises to $93.99 bln at end-August-regulator
August 30, 2017--The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor (QFII) programme rose to $93.99 billion as of Aug. 30, from $93.27 billion at end-July, the foreign exchange regulator said on Wednesday.
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Source: Reuters
Huarong chief warns of bubble in China's distressed debt market
August 28, 2017--Bubbles in credit score and actual property have led to a gentle stream of dangerous debt in China for years
But now a bubble is forming in the market for the dangerous loans themselves, says the chairman of China's largest state-ontrolled "bad bank".
Banks in China are coping with an onslaught of non-performing loans which have resulted from poor threat controls and years of unfastened financial coverage.
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Source: forexrepository.com
Hang Seng Indexes Licenses Da Cheng to Use Hang Seng Index as Basis for LOF
August 28, 2017--Hang Seng Indexes Company Limited ("Hang Seng Indexes") has licensed the Hang Seng Index ("HSI") to Da Cheng Fund Management Company Limited ("Da Cheng") to serve as the underlying index for the creation of a listed open-ended fund ("LOF").
The LOF was listed on the Shenzhen Stock Exchange today.
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Source: Hang Seng Indexes Company Limited
ULTUMUS-Leveraged Yen ETFs
August 28, 2017--Taiwan
Taiwan's preference for leveraged and short ETFs is on display again today, with major investment house Yuanta Securities listing two new leveraged and one new short ETF in Taipei....
Of Yuanta's three new ETFS, 00706L and 00707R will track Japanese yen futures via indexes put together by S&P....
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Source: ULTUMUS-Financial Data Management
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