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
IMF Staff Concludes 2016 Article IV Mission to Korea
June 8, 2016--"Korea has made remarkable economic progress over the past sixty years, but now, with income levels still short of the OECD frontier, potential growth has slowed, and in light of population aging, the government is paying increasing attention to inequality and poverty."
"At the same time, Korea is facing major structural headwinds including: rapid population aging; the economy's heavy reliance on exports even as global trade slows; corporate vulnerabilities; labor market distortions; and lagging productivity, particularly in the service sector and among small and medium enterprises.
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Source: IMF
IMF-Thailand : Selected Issues
June 8, 2016--SPILLOVERS FROM CHINA
TO THAILAND AND OTHER ASEAN-5 COUNTRIES
1
The Chinese economy is transitioning to a new model, with slower growth and
rebalancing in its drivers. Thailand is exposed to the slowdown, as China is one of Thailand's main trading partners.
Model estimates suggest that a one percent decline in China's
GDP lowers Thailand's output by about
0.2 percent. The impact may be larger if China's transition triggers financial market volatility. On the
other hand, rebalancing from investment
-to consumption-led growth in China is likely to be broadly neutral for Thailand, while the rapid growth
in Chinese tourism has benefited Thailand
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Source: IMF
Thai bourse to list Thai ETFs tracking MSCI Thailand Index on June 7
June 6, 2016--The Stock Exchange of Thailand (SET) will list BCAP MSCI
Thailand ETF (BMSCITH), the exchange-traded funds (ETFs) tracking constituents on MSCI Thailand ex Foreign Board Index, on June 7, 2016.
The fund is managed by Bangkok Capital Asset Management Co., Ltd., as the first ETF to be listed on
SET this year.
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Source: The Stock Exchange of Thailand (SET)
Human Capital Outlook: Association of Southeast Asian Nations (ASEAN)
June 1, 2016--The Fourth Industrial Revolution will disrupt business models and bring both challenges and opportunities to labour markets over the next five years, with enormous change predicted in the skill sets needed to thrive in the new landscape. The Association of Southeast Asian Nations (ASEAN) region is no exception to these trends.
This briefing aims to support deliberations by participants at the World Economic Forum on ASEAN 2016 on how the region's talent can be best positioned for growth-particularly in the context of the Fourth Industrial Revolution-and how business and government can work together to close skills gaps.
view the Human Capital Outlook Association of Southeast Asian Nations (ASEAN) report
Source: World Economic Forum
China Fixes Yuan at More Than Five-Year Low Against Dollar
Central bank sets the yuan daily reference rate at 6.5784, the weakest level since February 2011
May 30, 2016--China's central bank set the daily yuan-fixing at its weakest level against the dollar in more than five years on Monday, after hawkish comments from Federal Reserve Chairwoman Janet Yellen boosted the strength of the U.S. currency.
The People's Bank of China set its daily reference rate for the yuan at 6.5784, the weakest level since February 2011 and 0.45% lower than Friday's fixing point.
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Source: Wall Street Journal
Korea needs new reforms to boost productivity, employment and growth
May 16, 2016--Korea needs to boost productivity, increase employment and stoke economic activity as part of efforts to reverse current trends toward slower growth and low inflation, according to a new report from the OECD.
The latest Economic Survey of Korea, presented today in Sejong by Randall Jones, Head of the OECD’s Korea/Japan Desk, underlines that further reforms will be needed to boost the country's growth rates, which have slowed versus historical rates, although remaining above the OECD average. The Survey projects GDP growth of 2.7% this year and 3% in 2017.
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Source: OECD
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