Japan Considers Recognizing Bitcoin As A Currency
February 25, 2016--Regulators in Japan have proposed considering and treating virtual currencies, such as bitcoin, as methods of payment and settlement similar to conventional fiat currencies.
Japan's Financial Services Agency (FSA) is considering legislative revisions that would recognize bitcoins and other digital currencies as equivalents to conventional currencies, citing that the revisions see bitcoin as "fulfilling the functions of currency,"..
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Source: emergingequity.org
Yet a flood of overseas money into its bond markets may not materialize right away
February 25, 2016--China is warming to a new source of cash to fund its burgeoning debt pile: foreign investors.
Yet a flood of overseas money into its bond markets may not materialize right away.
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Source: Wall Street Journal
Samsung lowers ETF fees across the board
February 24, 2016--South Korea's Samsung Asset Management has cut fees on all of its exchange traded funds in its home market while gearing up to launch leveraged and inverse ETFs in Hong Kong.
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Source: FT.com
IMF Working Paper-Private Sector Activity in Hong Kong SAR and the Fed: Transmission Effects through the Currency Board
February 23, 2016--Summary: As the U.S. Fed begins to increase the Federal Funds rate,interest rates in Hong Kong SAR will rise in tandem under the Currency Board system.
While domestic economic activity in Hong Kong SAR remained resilient in previous rate hike cycles, there is a concern that the impact of higher interest rates would be larger this time due to historic high levels of leverage in both household and corporate sectors. However, macroprudential measures have contained the debt service burden among new borrowers and leverage quality of corporate sector is healthier than its peers in the region. Empirical estimations of aggregate consumption and corporate investment show that private domestic demand is likely to remain robust with the anticipated gradual increase in interest rates over the next few years and taking into account the buffers in the system.
Overcapacity in China: An Impediment to the Party's Reform Agenda
February 23, 2016-The European Chamber of Commerce in China has released a new major report that addresses the problems arising from increased overcapacity in China's industrial economy.
Overcapacity in China: An Impediment to the Party's Reform Agenda provides a detailed examination of the causes and consequences of overcapacity in eight key industries and analyses the developments that have taken place since the European Chamber published its original report on this topic in 2009.
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Source: European Chamber of Commerce in China
Lessons from Vietnam in a slowing global economy
February 23, 2016-In just three decades, Vietnam has been transformed from one of the world's poorest nations to one of the world's greatest development success stories.
The Doi Moi economic reforms of the late 1980s helped the country move away from its centrally planned economy and toward globally oriented market economy. This contributed to a stunning average growth rate of 7 percent between 1991 and 2010.
view the Vietnam 2035: Toward Prosperity, Creativity, Equity, and Democracy
view infographic-Vietnam 2035: Toward Prosperity, Creativity, Equity, and Democracy
Source: World Bank
Taiwan issues rules on leveraged futures ETFs
February 22, 2016--Taiwan's Financial Supervisory Commission has revised rules governing futures funds to allow local fund houses to launch leveraged and inverse futures exchange traded funds.
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Source: FT.com
WisdomTree Commences Operations in Japan
February 15, 2016--Japan Subsidiary Granted Type 1 Financial Instruments Business Registration by Japan's Ministry of Finance
WisdomTree Investments, Inc. (NASDAQ:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced its Japan-based subsidiary, WisdomTree Japan K.K., has completed its Type 1 Financial Instruments Business ("Type 1 Business") registration with the Kanto Local Finance Bureau of Japan's Ministry of Finance.
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Source: WisdomTree
BMO Global Asset Management Introduces New ETFs in Hong Kong
Four new additions are structured to provide investors with access to key sectors and global markets
February 17, 2016--BMO Global Asset Management, a part of BMO Financial Group, today launched four Exchange Traded Funds (ETFs) in Hong Kong.
"These four equity ETFs are all firsts for this market and reflect BMO Global Asset Management's ongoing commitment to offering relevant, innovative and client-focused products," said Ravi Sriskandarajah, Managing Director and Head, BMO Global Asset Management (Asia Pacific).
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Source: BMO Global Asset Management
India Takes China's Crown As Fastest Growing Economy
February 16, 2016--With a growth rate of 7.5 percent India outpaced China's 6.9 percent.
India's growth was 7.3 percent in the last quarter of 2015, according to official government figures. New Delhi says it expects growth for...
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Source: emergingequity.org