People's Republic of China: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China
August 8, 2017--Summary:
Policy support, strengthening external demand, and supply-side reforms have helped maintain strong growth which, along with tighter enforcement of capital flow management measures, has also reduced exchange rate pressure.
Regulators have recently focused on addressing financial sector risks, resulting in tightening financial conditions. The five-yearly Communist Party Congress is scheduled for the fall.
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Source: IMF
Harvest Fund Management selects FTSE China A50 Index for ETF listing in Shanghai
August 7, 2017-- First mainland China ETF tracking FTSE Russell index
Harvest Fund Management, one of China's largest fund houses, lists first FTSE China A50 Index ETF on Shanghai Stock Exchange
Reinforces FTSE Russell's leading position in China-focused benchmarks
FTSE Russell announces the licensing of the FTSE China A50 Index to Harvest Fund Management (HFM). The Harvest FTSE China A50 Index ETF, listed on Shanghai Stock Exchange (SSE) today and is the first domestically listed ETF to track a FTSE Russell index.
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Source: ftserussell.com
JPMorgan backing technology to transform trading desks
August 7, 2017--Changes happening in Europe and North America first, but Asia driving mobile
As trading revenues plunge at bulge bracket investment banks, JPMorgan Chase & Co. is putting its faith in technology to drive growth.
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Source: South China Morning Post
China admits to disguised fiscal borrowing risk
August 3, 2017--China's finance ministry has acknowledged that public-private partnerships for infrastructure funding have grow to be a car for "disguised borrowing" by native...
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Source: FT.com
China creates special bond to support local government projects amid debt woes
August 3, 2017--The new type of bond will only be covered by returns from the project being funded and limited to government land and toll road projects
China's finance ministry has created a new type of bond for local government fund raising amid rising risks and irregularities in borrowing.
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Source: South China Morning Post
India Cuts Rates as RBI Sees 'Urgent Need' to Boost Investment
August 2, 2017--Most economists in Bloomberg survey had predicted the move
Keeps neutral stance, retains growth and inflation forecasts
India cut interest rates to the lowest since 2010 to boost an economy struggling to recover from Prime Minister Narendra Modi's cash clampdown.
The benchmark repurchase rate was lowered to 6 percent from 6.25 percent, the Reserve Bank of India said in a statement in Mumbai on Wednesday.
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Source: Bloomberg
ETFGI reports assets invested in ETFs/ETPs listed in Japan have increased 26.7 percent in the first half of 2017
August 2, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Japan have increased by 26.7% from US$173.30 Bn to reach a new record of US$219.60 Bn in the first half of 2017, according to ETFGI's June 2017 Japanese ETF and ETP industry insights report.
At the end of June 2017, the Japanese ETF/ETP industry had 188 ETFs/ETPs, with 233 listings, assets of US$220 Bn, from 21 providers listed on 2 exchanges.
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Source: ETFGI
TOCOM Adopts Delivery by Physicals for Precious Metals Market
August 2, 2017--The Tokyo Commodity Exchange, Inc. (TOCOM) announced today Precious Metals Market rule changes for Declared Delivery and Customized Delivery.
The new rules allow settlement through the delivery of bars instead of warehouse receipts where there is consent between buyer and seller. The updated rules took effect on August 1 and are applicable to the August 2017 contracts onward.
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Source: Tokyo Commodity Exchange, Inc. (TOCOM)
BetaShares-5 things to know before you invest in ETFs
August 1, 2017--With the Australian Exchange Traded Fund (ETF) industry just shy of $30B in assets and ETFs now being more actively traded than stocks in the US*, it's unsurprising that more and more investors are starting to adopt ETFs as core building blocks of their portfolios.
One reason why this trend may be set to continue is that exchange traded products have evolved from being more than just index tracking strategies.
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Source: betashares.com.au
Hong Kong Stock Exchange to Launch Blockchain-Powered Market in 2018
August 1, 2017--The Hong Kong Stock Exchange (HKEX) is planning to launch a blockchain-powered private market aimed at helping smaller firms obtain financing.
HKEX chief executive Charles Li detailed the plan, which would play out through a separate venture dubbed HKEX Private Market, in an August 1 note.
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Source: coindesk.com