SZSE Z Non-SOE 60 Index Released Today
January 12, 2017--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. recently announced to issue SZSE Z Non-SOE 60 Index (Code: 399697, Abbreviation: Z Non-SOE 60) on January 10, 2017.
The index takes December 31 2008 as the base date and 1000 point as the base value.
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Source: Shenzhen Stock Exchange
PIMCO sees possibility of China floating yuan in 2017
January 12, 2017--Asset management giant PIMCO said on Thursday it thought there was a chance China could freely float its currency, the yuan, this year.
The firm's head of Asian portfolios, Luke Spajic, said in a note Beijing was finding it impossible achieve three goals simultaneously: a stable or fixed foreign exchange rate, free capital movement and an independent monetary policy.
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Source: Reuters
Exclusive-Banks forced to cover tracks of China's forex regulator
January 11, 2017--China's forex regulator is telling banks to keep its instructions about curbing capital outflows secret and to ensure that research analysts keep any negative views about the yuan's prospects to themselves, several bankers said.
Both demands are seen as an attempt by the authorities to prevent alarm that could trigger further declines in the yuan, the bankers from local and foreign banks said.
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Source: Reuters
Yuan seen stable, more flexible-China's FX trading platform
January 9, 2017--The Chinese yuan will stay basically stable with increased flexibility as China focuses on reform and higher quality growth, the country's foreign exchange trading platform operator said on Monday.
While market expectations are for the U.S. dollar to continue to strengthen, but there is a possibility its rise has outstripped these expectations and could fall back, the China Foreign Exchange Trade System (CFETS) said on its website.
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Source: Reuters
India sees GDP growing faster after Modi cash ban
January 6, 2017--Prime Minister Narendra Modi's cash clampdown may hurt the Indian economy less than economists predicted.
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Source: FIN24
Offshore renminbi has sharpest jump in nearly a year
January 4, 2017--Chinese currency climbs on speculation Beijing is stepping up controls
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Source: FT.com
The Automotive Sector Can Transform South Asia Economically
January 4, 2017--South Asia is increasingly building its capacity to become a globally competitive leader in the automotive manufacturing sector. With gains in productivity, innovation, research and development, the region can take advantage of the auto sector's potential to drive substantial economic progress.
So concludes a new World Bank study that examines a range of factors affecting South Asia's competitiveness in the automotive sector. The study appears in a new report,"South Asia's Turn: Policies to Boost Competitiveness and Create the Next Export Powerhouse," which notes that the region has the potential for greater global competitiveness in many different sectors but must pursue multiple policies to perform as well as other comparable regions, such as East Asia.
view the South Asia's Turn: Policies to Boost Competitiveness and Create the Next Export Powerhouse
Source: World Bank
Cabinet proposes cut to securities transaction tax
December 31, 2016--The government has decided to cut the transaction tax starting next year, in a move set to please local stock investors and boost market turnover in 2017.
Minister of Finance Sheu Yu-jer said on Friday that Premier Lin Chuan had approved a plan submitted by the ministry to cut the transaction tax on day trading to 0.15 percent from the current 0.3 percent.
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Source: chinapost.com.tw
Fubon debuts VIX futures ETF in Taiwan
December 30, 2016--Taiwan's first exchange-traded fund (ETF) tracking volatility index futures (VIX futures), launched by Fubon Securities Investment Trust Co (Fubon SITC), will be listed on the Taiwan Stock Exchange (TWSE) today, Dec 30.
The Fubon S&P 500 VIX Short-Term Futures ETF raised NT$655 million (US$20.28 million), raising the number of ETF listings in Taiwan to a record high of 27 for this year.
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Source: asiaasset.com
Blockchain technology could help RMB replace USD as international safe-haven currency: KPMG
December 28, 2016-KPMG has released a new report which provides analysis of important topics and key performance indicators in China's banking industry.
Titled "2016 Q3 China's banking sector: Performance of listed banks and hot topics", the report focuses on big data used to promote the transformation of banking outlets; how to build a data mart for banking credit risk from the basics; the interpretation of the implications of Circular No.42 on banking business; the discussion and analysis of the accounting treatment of the business of investment-loan linkage of banks; and the implications of blockchain technology on commercial banks and proposed countermeasures.
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Source: econotimes.com
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