Reforms Strengthen Indonesia's Economic Resilience: World Bank Report
Lower than Expected Global Growth Forecast Poses Risks to Stronger Domestic Economic Recovery
June 20, 2016--Indonesia's economy continues to prove resilient with a forecasted GDP growth of 5.1 percent for 2016.
But weaker than expected global economic expansion may moderate the growth recovery of Southeast Asia's largest economy, according to a new World Bank report. The World Bank recently lowered its growth projections for the world by half a percentage point than previously expected, to 2.4 percent.
view the Indonesia Economic Quarterly, June 2016: Resilience through Reforms World Bank report
Source: World Bank
World Bank-India Development Update-June 2016
June 20, 2016--The World Bank's latest India Development Update-a twice yearly report on the Indian economy and its prospects-finds that India's economy expanded at a faster pace in FY 2016.
The report says that the economy was lifted to a higher growth path by demand from urban households and public investments, despite the fact that other key growth engines had stalled.
view the World Bank report-India development update:financing double-digit growth
Source: World Bank
Mrs Watanabe bets on robots to rule
June 19, 2016--World's first robotics-themed managed equity fund a big hit with Japan's retail investors.
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Source: FT.com
China snubs MSCI after 'A' shares denied inclusion in index
June 16, 2016--Mainland China on Wednesday brushed off stock index firm MSCI's decision to exclude the country's A shares from its influential global equities index, saying that the gauge cannot be complete without the Chinese stocks.
The mainland's markets were up by the close despite the rejection, leading to speculation that Beijing had intervened in an effort to prop up confidence.
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Source: www.chinapost.com
EURO STOXX 50 Index To Underlie Exchange-Traded Fund In Taiwan
June 15, 2016--STOXX Ltd., the operator of Deutsche Boerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that the EURO STOXX 50 Index serves as the underlying for an exchange-traded fund (ETF) in Taiwan.
The index has been licensed to Yuanta Securities Investment Trust Company (Yuanta SITC), the largest mutual fund company in Taiwan, in September 2015.
"Today marks a big step for us as we further strengthen our presence in the Asian market. The EURO STOXX 50 Index is the leading blue-chip index for the Eurozone," said Matteo Andreetto, chief executive officer, STOXX Limited.
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Source: STOXX
Hang Seng Indexes Licenses Mirae to Use
June 16, 2016--Hang Seng Indexes Company Limited ("Hang Seng Indexes') has licensed the Hang Seng China Enterprises Index ("HSCEI") to Mirae Asset Global Investments Company Limited
("Mirae") to serve as the underlying index for the creation of an exchange-traded fund ("ETF").
The ETF was listed on the Korea Exchange today. The HSCEI is the renowned barometer for tracking the performance of mainland China
enterprises with H-share listings in Hong Kong.
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Source: Hang Seng Indexes Company Limited
Samsung in ETF debut in HK
June 13, 2016--The first batch of leveraged and inverse ETFs, issued by Samsung Asset Management (Hong Kong) Ltd, was introduced to Hong Kong. The products would suit retail investors seeking short-term investments rather than asset allocation with a long-term view, as well as institutional investors wanting to conduct hedging, experts say.
Hong Kong investors have been offered a new investment tool in the form of exchange-traded funds (ETFs), which are set to gain a foothold in financial markets as investors seek out short-term investments.
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Source: www.chinadailyasia.com
Firm Advises Samsung on First Inverse and Leveraged Products Listed in Hong Kong
June 13, 2016--International law firm Simmons & Simmons has advised Samsung Asset Management (Hong Kong) Limited ('Samsung') on the listing of the first inverse and leveraged products ever in Hong Kong.
The four products commence trading on The Stock Exchange of Hong Kong today, 13 June 2016.
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Source: Simmons & Simmons
IMF-Rebalancing China: International Lessons in Corporate Debt
June 12, 2016--June 12, 2016--China's Debt Problem
To get a handle on the issue, let's take a closer look at China's debt profile. Overall, total debt is equal to about 225 percent of GDP. Of that, government debt represents about 40 percent of GDP.
Meanwhile, households are about 40 percent. Both are not particularly high by international standards.
Corporate debt is a different matter: about 145 percent of GDP, which is very high by any measure.
The 3 biggest risks facing East Asia
June 8, 2016--To describe the rapid rise of East Asia's influence would, at this point, be a cliché. But the speed of this well-documented rise has not just created opportunities; it has created risks.
And there are a number of ways in which growth in the region has outpaced resilience against these risks.
I want to look at three primary areas, also discussed in this year's Global Risks Report from the World Economic Forum: the rise of technology, mass migration and economic interdependence, with a focus on China's outsized influence on markets in the region and globally.
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Source: World Economic Forum