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Chinese lawmakers protect retail investors
April 23, 2015--Chinese lawmakers called for better protection for retail investors in the stock market while discussing an amendment to the Securities Law on Wednesday.
The Standing Committee of the National People's Congress (NPC) is weighing a revision requiring a more transparent information disclosure system.
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Source:China Daily
Nikkei 225 passes 20,000 after 15-year wait
April 22, 2015--Japan's Nikkei 225 closed above 20,000 points on Wednesday for the first time since the days of the dotcom bubble, as investors responded to signs of improving corporate governance and an uptick in exports.
The Nikkei rose 1.1 per cent to 20,133, its highest close since March 2000, while the broader Topix added 0.8 per cent for its strongest finish since late 2007.
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Source: FT.com
China sees first default by state-owned firm
Baoding Tianwei Baobian Electric's failure to repay interest on 1.5 billion yuan bond stokes fears of further defaults by state-backed firms
April 21, 2015--Concerns over the health of the mainland bond market have ratcheted up a notch after the first debt default by a state-owned company, stoking fears that more firms will line up with bad news for creditors.
Baoding Tianwei Baobian Electric, a solar equipment maker controlled by China South Industries Group (CSGC), failed to pay interest to its bond holders due yesterday on a 1.5 billion yuan bond issued in 2011.
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Source: China Business
China to approve new foreign fund managers for QDLP scheme
April 21, 2015--Five foreign fund and private equity managers are set to gain approvals to enter a pilot scheme aimed at opening China to the $2 trillion-plus global hedge fund industry.
The firms, which include UBS Global Asset Management and Deutsche Asset & Wealth Management, received the go-ahead in February to establish local firms to raise yuan from wealthy and institutional investors to spend on alternative assets overseas, said sources with direct knowledge of the matter.
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Source: Reuters
Yuanta to launch leveraged, inverse A-share ETFs
April 20, 2015--Taiwan fund house Yuanta SITC is set to launch the ETFs, which track China's CSI300 index, on the island in May.
But concerns have been raised over the risky products' availability to retail investors.
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Source: Asian Investor
China's Economy Continues To Lose Momentum As Q1 Growth Slows To 2009 Low
April 17, 2015--China's economic growth in the first quarter (Q1) of 2015 has reached the slowest quarterly pace in six years as it has been dragged down by a combination of an industrial slowdown and a weak housing market, the Chinese government announced on Wednesday.
Gross domestic product (GDP) in China during Q1 2015 rose 7 percent from a year earlier, in line with economists’ estimates. Although the growth rate still means that China ranks as one of the world’s fastest growing major economies, it was the nation’s slowest quarterly expansion since early in 2009, when it was still feeling the impact from of the 2007–2008 financial crisis.
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Source: Emergingequity.org
Asia May Face Slower Future Growth, say Top Economists
April 17, 2015--Top economists Rajan and Summers debate Asian growth trends
Asian countries likely to revert to average growth, says Summers
Asia will need to look inwards for future growth
After a period of rapid growth, Asia should expect much slower economic expansion in the future as the region is likely to revert to levels of average growth, a former U.S. Treasury Secretary has told an audience at the IMF-World Bank Meetings.
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Source: IMF
-China allows fund managers to lend stocks for short-selling
April 17, 2015--China allows fund managers to lend shares for short selling
Will let investors short sell more types of stocks
Margin financing growing but short selling lagging-regulators (Adds more details, markets)
China on Friday allowed fund managers to lend shares for short-selling, and will also expand the number of stocks investors can short sell, in a bid to raise the supply of securities in the market.
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Source: Reuters
China selling Treasurys to diversify, fight capital flight
April 17, 2015--China lost its position as the largest holder of U.S. Treasurys for the first time in six and a half years in February, owing to both an outflow of capital due to a slowing economy and efforts to diversify dollar-heavy reserves.
China's Treasury holdings declined for a sixth straight month in February, falling $15.4 billion below January's level, U.S. Treasury Department data released Wednesday shows. Japan's holdings of $1.224 trillion exceeded China's $1.223 trillion.
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Source: asia.nikkei.com
BetaShares Bassanese's Market Insights: a tale of two markets
April 16, 2015--Although the Australian equity market is traditionally divided up into 11 "GIC" sectors, we can aggregate further into four key broader sectors: resources (energy and materials); cyclicals (industrials, consumer discretionary, and technology); defensives (consumer staples, health care, utilities and telecommunications), and financials (including listed property).
Breaking down the market in this way produces some interesting results.
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Source: BetaShares