CSOP Asset Management Licenses New MSCI China and USA Internet Index
New index forms basis of CSOP MSCI China & USA Internet 50 ETF
January 27, 2015--MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, announced today that CSOP Asset Management, one of the largest Chinese asset management firms in Hong Kong with over USD 8 billion in assets under management, has licensed the MSCI China and USA Internet Top 50 Equal Weighted Index* for a new ETF to be launched shortly.
"We chose MSCI as the index provider for this ETF as the new index delivers broad coverage of globally recognized Internet companies, which we believe play an important role on defining the future of the world economy," said Jack Wang, Deputy Chief Marketing Officer of CSOP Asset Management. "As a leading ETF provider we were also impressed with the high level of support from MSCI."
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Source: MSCI
MNI-Chinese Business Sentiment Down in January
Production and New Orders Fall Sharply
January 22, 2015--Following a strong end to 2014, business sentiment
among China's largest companies fell at the beginning of 2015, led by significant declines in output and
orders
The MNI China Business Indicator fell to 53.7 in January from 56.2 in December, the first monthly
drop in three months. Overall sentiment is now at the lowest since October, before the People's Bank of
China cut its benchmark deposit and lending rates to stimulate economic activity.
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Source: MNI Indicators
Shanghai's option market launch shadowed by regulatory probes, brokerage suspensions
City's exchange chief wants focus on risk controls for hedging instrument amid rising market volatility and fears for small investors
January 19, 2015--A flurry of reform efforts to make the mainland's capital markets fit for global investors has sent uncertainty sweeping across the equity arena as brokers face probes into trading irregularities and exchanges struggle to get to grips with a fast-evolving marketplace.
The Shanghai Stock Exchange is counting down to next month's launch of the mainland's first stock option market, but bourse chief executive Huang Hongyuan told a financial forum in Shenzhen that more focus should be put on risk controls for the new financial instrument at a time when volatility is on the rise.
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Source: South China Morning Post
China Weighs Allowing Bond Trades on Hong Kong-Shanghai Link
January 20, 2015--"We can offer more diversified products," Huang Hongyuan, president of the Shanghai Stock Exchange, said through a translator at a presentation in Hong Kong on Jan. 20.
"Perhaps we can move to ETFs or bonds; we can perfect further transaction arrangements."
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Source: Bloomberg
China's 2014 economic growth misses target, hits 24-year low
January 20, 2015--China's economy grew at its slowest pace in 24 years in 2014 as property prices cooled and companies and local governments struggled under heavy debt burdens, keeping pressure on Beijing to take aggressive steps to avoid a sharper downturn.
European and Asian shares in fact rose on relief that the news was not worse; the Shanghai Composite index gained 1.85 percent, Japan's Nikkei 225 index saw its biggest one-day gain in a month and European markets rallied.
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Source: Wall Street Journal
New RMB bonds total 11t yuan in 2014
January 20, 2015--The total value of renminbi-denominated bonds issued in China last year hit 11 trillion yuan ($1.8 trillion), up 22.3 percent, the central bank said on Tuesday.
Of the bonds issued in 2014, 10.7 trillion yuan were issued through the inter-bank bond market, according to a report released by the People's Bank of China, including 1.7 trillion yuan of treasury bonds and 2.3 trillion yuan through the three wholly state-owned banks.
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Source: Chinadaily.com
UPDATE 1-Investors to get taste of new China via Shenzhen trading link
January 20, 2015--Foreign investors eager to tap into the next generation of Chinese firms should soon be able to directly trade stocks in Shenzhen, but the high valuations and extreme volatility of the country's second-largest exchange may limit early inflows.
The debut in November of the landmark Stock Connect trading platform between Hong Kong and Shanghai, although marred by technical problems and tepid volume, has been hailed by foreign funds as a positive step forward in the opening-up of China's capital account.
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Source: Reuters
BetaShares Australian ETF Review: Year End 2014
January 20, 2015--In a hallmark year, the Australian exchange traded fund (ETF) market saw a number of key metrics reach record levels in 2014.
The industry recorded its highest ever annual growth in 2014, with funds under management increasing by $5 billion (up 50% on 2013) to end the year at a new record high of $15 billion. Records were also broken for net inflows and trading value.
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Source: BetaShares
Nasdaq to Provide Trading Platform for Japan's Biggest Derivatives Exchange
Exchange Operators in Japan Seek More Foreign Investors
January 19, 2015--Nasdaq, the world's largest exchange company, will provide a new trading platform for Japan's largest derivatives bourse,
in a significant deal for a foreign financial technology operator and a step toward internationalizing Japan's financial markets.
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Source: Wall Street Journal
One futures exchange by second half
TFEX-AFET merger to boost crop trading
January 19, 2015--The planned merger of the two local futures exchanges is expected to be completed by the first half this year, enabling investors to trade all futures products at the Thailand Futures Exchange
"If the process can be completed by the first half, all products will traded on the TFEX starting from the second half," said Kesara Manchusree, president of Stock Exchange of Thailand (SET).
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Source: Bangkok Post
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