Doing Business 2017: The Way Forward for Malaysia
December 13, 2016--Story Highlights
Malaysia's public sector is committed to further improve the business climate for local entrepreneurs and learn from good practices.
Regardless of how well Malaysia ranks on each indicator, the country aims to improve across all areas.
Doing Business reports highlight best practices in the regulatory business environment for economies, including Malaysia, to learn from one another
Malaysia is one of 17 economies that implemented reforms in the East Asia and Pacific to improve the business climate for local entrepreneurs.
view more
Source: World Bank
IMF Working paper-Automatic Adjustment Mechanisms in Asian Pension Systems?
December 13, 2016--Summary: Automatic adjustment mechanisms (AAMs)-rules ensuring that certain characteristics of a pension system respond to demographic, macroeconomic and financial developments, in a predetermined fashion and without the need for additional intervention-have been introduced in many OECD countries to tackle public pension schemes' deteriorating financial sustainability.
Incorporating AAMs-in particular linking retirement age to life expectancy-can be an important part of pension reforms in Asia. If implemented early, AAMs could help prevent the need for sharp adjustments in the future, increase the predictability and inter-generational equity of pension systems and enhance confidence.
view the IMF Working paper-Automatic Adjustment Mechanisms in Asian Pension Systems?
Source: IMF
DB Research-Asia-Pacific-Synthetic Equity & Index Strategy-Asia-Pac Monthly ETF Insights
December 13, 2016--ETP AUM is up by 14.8% ($439bn).These AUM levels are very close to our 2016 base case year-end projections of $3.46 trillion AUM which we highlighted in our previous publication ("ETF Annual Review & Outlook" published on 21 Jan 2016).
Asia-Pac listed ETP assets closed the month at $321.1bn.
Global ETP assets move to $3.4 trillion supported by healthy inflows
Global ETP AUM moved up during last month and closed at $3.42 trillion,
supported by healthy inflows and positive markets. On a year-to-date basis global
ETP AUM is up by 14.8% ($439bn).These AUM levels are very close to our 2016
base case year-end projections of $3.46 trillion AUM which we highlighted in our
previous publication ("ETF Annual Review & Outlook" published on 21 Jan 2016).
Asia-Pac listed ETP assets closed the month at $321.1bn.
ETPs listed globally
(ex-RoW) received strong inflows of +$55.6bn over the last month taking YTD
total to over +$300bn. Global YTD flows are also in-line with our 2016 projections
of +$335bn (base case) highlighted in previous publication. November inflows
were driven by US ETPs bringing in massive +$48.4bn in new money, followed
by Europe (+$4.7bn) and Asia-Pac ETPs (+$2.5bn).
Global investor positioning: Broad DM and Europe preferred, EM retreat,
Inflows to Japan, outflows from China
Based on November flows to ETFs listed globally with regional focus, Broad
(global) DM have been most favored receiving major inflows while Broad
(global)EM experienced redemptions. Although both the categories were on
top receiving positive flows on YTD basis. Major highlight of the month was
DM Europe receiving its first monthly inflows after retreating heavily since
January this year. Trump’s unexpected win in the US election has triggered a
reassessment of the US and global macro outlook, leading to DM equities rally,
and EM sell-off. These trends may continue, but risks remain significant.
view more
Source:Source: Deutsche Bank Research-Asia-Pacific-Synthetic Equity & Index Strategy
Renminbi stalls on road to being a global currency
December 11, 2016--New capital controls lead to doubt, especially over hopes of forcing economic reform.
Back in October 2015, as then prime minister David Cameron welcomed President Xi Jinping to the UK, China's central bank issued one-year bills in London's offshore renminbi debt market.
view more
Source: FT.com
TAIFEX Listed New Contracts Tracking China's SZSE SME Price Index to the Exchange’s ETF Product Offerings
December 8, 2016--On 1 December 2016, The Taiwan Futures Exchange (TAIFEX) listed new futures and options contracts on one underlying ETF linked to China's stock market-the Capital SZSE SME Price Index ETF (TWSE code: 00643 (TWD)).
Expanding the coverage of the Exchange's offerings over China's major stock indices, the Capital SZSE SME Price Index ETF has become the latest addition to TAIFEX, joining the current ETF futures and options suite, which is now composed of 8 underlying ETFs linked to both domestic and offshore indices:
view more
Source: www.taifex.com.tw
IMF Working paper-The Impact of Demographics on Productivity and Inflation in Japan
December 8, 2016--Summary: Is Japan's aging and, more recently, declining population hampering growth and reflation efforts? Exploiting demographic and economic variation in prefectural data between 1990 and 2007, we find that aging of the working age population has had a significant negative impact on total factor productivity.
Moreover, prefectures that aged at a faster pace experienced lower overall inflation, while prefectures with higher population growth experienced higher inflation. The results give strong support to the notion that demographic headwinds can have a non-trivial impact on total factor productivity and deflationary pressures.
view the IMF Working paper-The Impact of Demographics on Productivity and Inflation in Japan
Source: IMF
Singapore Exchange hit by second disruption this year
December 8, 2016--Derivatives trading delay is latest in series of technical faults on SGX.
view more
Source: FT.com
CSOP debuts sector ETF tracking China's new economy
December 8, 2016-CSOP Asset Management (CSOP) has launched the CSOP S&P China Sectors ETF on the Hong Kong Stock Exchange, offering investors access to the country's new growth sectors as China transitions from an investment-led to a consumption-led economy.
Underlying the ETF is the S&P New China Sectors Index, which includes Hong Kong-listed companies, US-listed American Depository Receipts (ADRs) and China A-shares.
view more
Source: etfstrategy.co.uk
China FX reserves drop $70bn as outflow acceleratesChina FX reserves drop $70bn as outflow accelerates
December 7, 2016--Largest decline since January as central bank seeks to bolster renminbi
view more
Source: FT.com
Shenzhen-Hong Kong Stock Connect strengthens city's 'super-connector' role, says Chief Executive CY Leung
December 5, 2016--HKEX chief executive Charles Li Xiaojia says new cross-border trading scheme marks another milestone for mutual market access
The new share trading link between Shenzhen and Hong Kong is being heralded as a milestone that will strengthen Hong Kong's role as a "super-connector" between China and the world-and the local bourses say there may be more connect schemes to come.
view more
Source: scmp.com