Blockchain Research Lab to Combat Financial Fraud in Shenzhen
June 28, 2017--A group of think tanks and universities are co-launching a new blockchain research lab in Shenzhen, China.
Opened on June 26th, the research lab is a collaborative initiative that includes participation from the Chinese Academy of Sciences, the Shenzhen Institutes of Advanced Technology and Zhaolian Finance, one of the largest companies in China's consumer finance industry.
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Source: coindesk.com
World Bank-Skilling India
June 23, 2017--India is the world's fastest growing economy, expected to grow at 7.2 percent in 2017-18, and at 7.7 percent by 2019-20.
The government of India has ambitious plans to transform India into a competitive, high-growth, high productivity middle-income country. The economy is now diversifying from being largely agro-based to a manufacturing and service-based economy. These ambitious plans to transform the Indian economy are highly dependent on the availability of jobs and the quality of the labor force. This has resulted in an increased demand for skilled labor over the past few years.
view infographic-Making India the Human Resource Capital of the World
Source: IMF
BOJ Apr Minutes: Board Saw Risk of Slow Wage, Price Hikes
June 20, 2017--The Bank of Japan board noted the downside risk that slow wage hikes and firms' cautious stance on raising retail prices could further delay the estimated timing of guiding near-zero inflation to its 2% target around fiscal 2018, the minutes of the bank's April 26-27 policy meeting released Wednesday showed.
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Source: marketnews.com
As Bond Connect goes live, Hong Kong expects windfall gains as gateway for Chinese bonds
June 19, 2017--China and Hong Kong are soon set to roll out the so-called Bond Connect that will allow global fund managers to buy into the rapidly-growing Chinese interbank bond market through Hong Kong.
This could well prove wrong the pessimists who had long worried that Hong Kong's role as a financial center would be eclipsed by the rise of rivals such as...
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Source: mlexfs-core.com
Japan: Staff Concluding Statement of the 2017 Article IV Mission
June 19, 2017--The current momentum in the Japanese economy provides an opportunity to push forward with reforms that will enhance growth and inflation prospects and mitigate medium-term risks.
Above-potential growth and low unemployment provide room for actions that would be more difficult in other times. The need for a bolder approach is highlighted by several factors. First, recent growth is grounded in external gains and temporary fiscal stimulus. Second, labor shortages have yet to feed through to wages, and inflation has not shown a durable lift-off. Finally, demographic headwinds and an unprecedented level of public debt will continue to generate significant policy challenges over the medium term.
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Source: IMF
World Bank: Indonesia begins 2017 on a strong footing
June 15, 2017--Conducive global environment and improved domestic fundamentals support positive economic outlook
Indonesia's economy began 2017 on a strong footing, helped by a more supportive global environment and improved domestic fundamentals. The country's real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Bank's June 2017 Indonesia Economic Quarterly.
view the World Bank June 2017 Indonesia Economic Quarterly: Upgraded
Source: World Bank
JPX-ETF Monthly Report (May 2017)
June 14, 2017--The JPX Monthly ETF/ETN Report (May 2017) is available.
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Source: JPX (Japan Exchange Group)
Sebi allows options in one commodity per exchange
June 14, 2017--The Securities and Exchange Board of India (Sebi) has issued a circular allowing commodity exchanges to launch options trading in commodities.
Initially, an exchange can launch options in only one commodity and the position limits for options will be double that of the respective futures contract.
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Source: business-standard.com
IMF Staff Completes 2017 Article IV Mission to China
June 14, 2017--Staff project GDP to expand by 6.7 percent in 2017 and by 6.4 percent annually on average between 2018-20.
Reform progress needs to accelerate to secure medium-term stability and address the risk that the current trajectory of the economy could eventually lead to a sharp adjustment.
Policy recommendations include switching faster from investment to consumption; increasing the role of market forces; implementing a more sustainable macro policies mix, continuing the regulatory tightening; tackling nonfinancial sector debt; and further improving policy frameworks.
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Source: IMF
Pinnacle Investment launches two ETF funds
June 14, 2017--Asset management company Pinnacle Investment has launched two exchange traded funds (ETF)--Pinnacle Indonesia Large-Cap ETF and Pinnacle CORE High Dividend ETF.
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Source: The Jakarta Post