PBOC to adopt various policy tools
July 5, 2016--CHINA'S central bank said yesterday that it would use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing.
The People's Bank of China will continue with a prudent monetary policy and keep its stance neither too loose nor too tight, it said in a statement after the second-quarter monetary policy committee meeting.
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Source: shanghaidaily.com
Publication of Abstract of the "Final Report of the Working Group on Shortening Stock Settlement Cycle"
July 4, 2016--In July 2015, the "Working Group on Shortening Stock Settlement Cycle" (hereinafter referred to as "WG") was established, with Japan Securities Dealers Association, Tokyo Stock Exchange, Inc. and Japan Securities Clearing Corporation acting as its secretariat.
Since then, the WG has discussed detailed plans for realization of shortening of stock settlement cycle in Japan (change of settlement cycle to T+2) and published the Interim Report describing the policies for main tasks and the target schedule for the change of settlement cycle to T+2 in the end of 2015.
view the Final Report of the Working Group on Shortening Stock Settlement Cycle
Source: JPX (Japan Exchange Group)
China's Xi Jinping swears by Marxism as Communist Party celebrates 95th anniversary
July 1, 2016--Xi also warns Taiwan against seeking independence from China.
As China celebrates its Communist Party's 95th anniversary on 1 July, its President Xi Jinping said corruption within the party is posing a bigger threat, and called on its members to adopt Marxism and its ideologies. A grand ceremony is being held in Beijing at the Great Hall of the People. He reiterated that history had chosen the Communist Party to rule the country.
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Source: ibtimes.co.uk
China's fund industry almost doubles in 2015
July 1, 2016--Investors looking to flee the country face tight restrictions imposed by Beijing
China's fund industry almost doubled in size in 2015 as a series of interest rate cuts spurred rapid growth of money market funds.
view more TWSE to explore cross-border cooperation with Bursa Malaysia view more
China shows commitment to renminbi stability with currency fix view more EURO STOXX 50 And DAX Indices Licensed to iShares to Underlie Two Exchange-Traded Funds in Hong Kong
"We are pleased that the offering for STOXX’s and Deutsche Böerse's flagship indices is expanded in Hong Kong," said Matteo Andreetto, chief executive officer, STOXX Limited. view more Thailand's Economy Expected to Grow 2.5 Percent in 2016 view more 8 things you need to know about China's economy view more
"The EURO STOXX Select Dividend 30 Index is part of STOXX's innovative smart-beta offering. As we weigh the components in this index by dividend yield rather than market cap, it offers direct access to the performance of high-dividend paying companies," said Matteo Andreetto, chief executive officer, STOXX Limited.
Source: STOXX
June 29, 2016--The Taiwan Stock Exchange Corporation (TWSE) has just entered into a second Memorandum of Understanding (MoU) with Bursa Malaysia Berhad (Bursa Malaysia) to jointly study the potential for cross-border cooperation, following an earlier MoU that was signed between both parties back in 1999.
According to a press release by the TWSE dated June 28, the joint study will explore capital market opportunities and possible areas of collaboration between Taiwan and Malaysia in exchange-traded funds, indices, market connectivity and market promotional activities.
Source: asiaasset.com
June 29, 2016--Beijing sets exchange midpoint at unexpectedly strong level.
China fixed the renminbi's exchange rate at a level stronger than many expected on Wednesday in a sign that stability for the currency remained Beijing's paramount objective.
Source: FT.com
June 29, 2016--STOXX Ltd., the operator of Deutsche Böerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that the EURO STOXX 50 and the DAX have been licensed to iShares, to serve as the underlying for two exchange-traded funds (ETFs) in Hong Kong.
iShares are a family of exchange traded funds (ETFs) marketed and managed by BlackRock. The new ETFs will be available on the Hong Kong Stock Exchange as of today.
Source: STOXX
June 28, 2016--Continuing Economic Reforms, Addressing Aging Population Are Critical Priorities
Thailand's economy is expected to grow by 2.5 percent in 2016, after growing 2.8 percent last year.
While the global economy has been weakening and exports have been slowing, strong fundamentals and ample fiscal and monetary buffers will help Thailand weather shocks, according to the 2016 Thailand Economic Monitor released today by the World Bank.
Source: World Bank
June 23, 2016--The Chinese economy receives a lot of interest in the media but it can be difficult to keep track of the basic facts. Here is an overview of China's economy in the context of its global economic rise.
China was the world's largest economy in 1820-and is the second largest economy today
When President Monroe looked beyond the United States in the 1820s, he saw a vastly different world than the one we see today: the Greeks had just begun to revolt against the Ottoman Empire, Brazil declared independence from Portugal and the world's first modern railway opened in England, where the first industrial revolution was already underway. Meanwhile, China, where the Qing dynasty approached its third century of imperial rule, held the largest share of global GDP.
Source: World Economic Forum