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It's time for HK to reinvent itself, says Alexa Lam
May 28, 2015--The former deputy CEO of the Securities and Futures Commission warns that China no longer needs Hong Kong as its superconnector, and suggests a new niche for the city.
Hong Kong must grasp the chance to reinvent itself as the financial hub for Beijing’s ‘one belt, one road’ Eurasia initiative because its role as China’s superconnector will soon be redundant, said the recently retired Alexa Lam.
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Source: Asian Investor
More China brokerages tighten margin rules to contain risks
May 28, 2015--At least three Chinese brokerages, including Guosen Securities Co, Southwest Securities Co and Changjiang Securities Co, tightened margin financing rules on Thursday to tame risks in a red-hot stock market fueled by a record amount of borrowed money.
Separately, the Shanghai Securities News reported on its website that regulators have recently urged banks to submit data regarding money flows into the stock market.
Market Vectors Index Solutions Licenses Australia Small-Cap Dividend Payers Index to Underlie ETF view more China to Ease Limits on Overseas Investments view more
China stocks plunge 6.5% after sovereign fund cuts stakes in banks Ullink expands global reach to India, Kotak Institutional Equities selects Ullink MNI Indian Business Confidence Falls to Pre-Modi Level The fall in business sentiment left it at the lowest level since April 2014 and in hand with declines in output
and orders points to a significant deterioration in business activity. view more China PBOC Says Growth To Stay In Reasonable Range; Low Prices
But it said China can maintain around 7% GDP growth, ensuring stable employment thanks to contributions from the services sector and small businesses in creating jobs. view more
ANZ make ETF play via joint venture view more IMF Working paper-China's Growth: Can Goldilocks Outgrow Bears? view the IMF Working paper-China's Growth: Can Goldilocks Outgrow Bears? If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Reuters
Market Vectors Index Solutions Licenses Australia Small-Cap Dividend Payers Index to Underlie ETF
ASX-listed ETF begins tracking the index today
May 28, 2015--Market Vectors Index Solutions GmbH(MVIS) today announced the licensing of the Market Vectors Australia Small-Cap Dividend Payers Index (AUD) to Market Vectors Australia, the Australian exchange-traded fund (ETF) branch of Van Eck Global, a leading provider of exchange-traded products in the US and globally.
As of today, the index will serve as the underlying for an ETF listed on the Australian Securities Exchange (ASX).
Source: Reuters
Beijing advances goal to make yuan a reserve currency with plan to ease capital controls
May 28, 2015--China's campaign to turn the tightly controlled yuan into a global currency is crossing a new threshold, as the government plans to make it easier for individuals and companies to invest overseas.
The latest initiative, expected to be announced in the next few weeks by the State Council, China's cabinet, will allow individual Chinese and businesses to directly purchase stocks, bonds and real estate..
Source: Wall Street Journal
May 28, 2015--Chinese stocks fall the most in four months on Thursday, as a selloff swept the financial sector after a unit of China's sovereign-wealth fund cut its stakes in state-owned banks for the first time.
The Shanghai Composite Index sank 6.5% to 4.620.27, pulling back from a seven-year closing high after a seven-day bull run.
May 27, 2015--Ullink, a global provider of market leading electronic trading and connectivity solutions, today announced that Kotak Institutional Equities (KIE), one of India's leading institutional brokers and a division of Kotak Securities has chosen Ullink's UL Bridge connectivity solution.
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Source: Ullink
Production Lowest Since July 2013
May 27, 2015--Sentiment towards the current business environment
and expectations for the future are now both back to pre-Modi levels in a blow to the government as it completes its first year in office.
The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE listed companies, fell by 2.5% to 62.3 in May from 63.9 in April.
Source: MNI
May 27, 2015--The People's Bank of China said Wednesday that China's growth will stay within a "reasonable range" despite increasing downward pressure on the economy.
The central bank said in its annual report for 2014 that price expectations are unstable with prices likely to remain at low levels.
Source: MNI
May 27, 2015--ANZ has become the first bank to move into the provision of exchange traded funds (ETF) and has set up a joint venture company to initially offer six ETF products via the Australian Securities Exchange (ASX).
The new company, ANZ ETFS Management (ANZ ETFS), has been formed after the bank teamed with London based exchange traded product provider ETF Securities and will be staffed by executives from both organisations.
Source: moneymanagement.com.au
May 27, 2015--Summary: The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth prospects.
The analysis shows that financial cycles play a more important role than traditional inflation-based cycles in shaping the dynamics of growth. Currently, the 'finance-neutral' gap-our measure of the financial cycle-is large and positive, reflecting imbalances accumulated in the economy since the Global Financial Crisis. A period of slower growth is therefore both likely and needed in the near term to restore the economy to equilibrium. In the medium term, growth will slow as China moves closer to the technology frontier, but a steadfast implementation of reforms can ensure that China follows the path of the "Asia Tigers" and achieves successful convergence to high-income status.
Source: IMF
