Shanghai bourse launches consultation on ETF options
July 17, 2014--The Shanghai Stock Exchange (SSE) has launched a consultation into the possible launch of ETF options, which market watchers anticipate could help to invigorate both the mutual fund and ETF markets.
According to the Shanghai Securities Journal, the SSE has issued a circular that outlines guidelines on usage of the hedging tool.
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Source: Asiai Asset
Shanghai bourse launches consultation on ETF options
July 17, 2014--The Shanghai Stock Exchange (SSE) has launched a consultation into the possible launch of ETF options, which market watchers anticipate could help to invigorate both the mutual fund and ETF markets.
According to the Shanghai Securities Journal, the SSE has issued a circular that outlines guidelines on usage of the hedging tool.
view more
Source: Asiai Asset
IMF Working paper-Future of Asia's Finance: How Can it Meet Challenges of Demographic Change and Infrastructure Needs?
July 16, 2014--Summary: There is a role for Asia's financial sector to play to address the challenges associated with the region's changing demographics and infrastructure investment needs. Enhancing financial innovation and integration in the region could facilitate intra-regional financial flows and mobilize resources from the aging savers in industrialized Asia to finance infrastructure investment in emerging Asia.
Strengthening the financial ties within the region as well as with the global financial markets alongside appropriate prudential frameworks could also help diversify sources of financing and reduce the cost of funding in emerging Asia. Finally, financial deepening could help ease the potential overheating from scaling up infrastructure investment and hence achieve a more balanced growth in the region.
IMF-People's Republic of China-Hong Kong Special Administrative Region: Financial Sector Assessment Program-Oversight and Supervision of Financial Market Infrastructures-Technical Note
July 16, 2014--SUMMARY--Nine financial market infrastructures (FMIs)
operate in HKSAR; the effectiveness of their supervision and oversight is critical in maintaining financial stability. To support their objective of consolidating Hong Kong's position as an international financial center, the Hong Kong authorities have fostered the development of
sophisticated and multi-currency FMIs.
The FMIs comprise four large-value interbank payment sy
stems (real time gross settlement, RTGS) for payments in Hong Kong dollar, U.S. dollar, euro, and renminbi, respectively; two distinct securities
settlement systems (SSSs), one for government-issued and private sector debt securities, and the
other, which is also a central counterparty (CCP), for securities traded on the Stock Exchange of
Hong Kong Ltd (SEHK); and two CCPs for listed derivatives.
IMF-People's Republic of China-Hong Kong Special Administrative Region: Financial Sector Assessment Program-Oversight and Supervision of Financial Market Infrastructures-Technical Note
July 16, 2014--SUMMARY--Nine financial market infrastructures (FMIs)
operate in HKSAR; the effectiveness of their supervision and oversight is critical in maintaining financial stability. To support their objective of consolidating Hong Kong's position as an international financial center, the Hong Kong authorities have fostered the development of
sophisticated and multi-currency FMIs.
The FMIs comprise four large-value interbank payment sy
stems (real time gross settlement, RTGS) for payments in Hong Kong dollar, U.S. dollar, euro, and renminbi, respectively; two distinct securities
settlement systems (SSSs), one for government-issued and private sector debt securities, and the
other, which is also a central counterparty (CCP), for securities traded on the Stock Exchange of
Hong Kong Ltd (SEHK); and two CCPs for listed derivatives.
PSE LAUDS IC ETF SUPPORT
July 15, 2014--The Philippine Stock Exchange President-CEO Hans B. Sicat lauded yesterday the move of the Insurance Commission (IC) to release guidelines that allow insurance and reinsurance companies and mutual benefit associations (MBA) to invest in Exchange Traded Funds (ETFs) and to engage in Securities Borrowing and Lending (SBL) transactions as lenders.
Recently, the IC released a circular that recognizes ETFs as a product that insurance and reinsurance companies and MBAs can invest in for liquidity and diversification. IC Circular Letter 2014-30 enumerated the guidelines to be observed for ETF investments.
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Source: mb.com
Vietnam to launch first domestic ETF
July 14, 2014--Vietnam's first domestic ETF will be listed by VietFund Management (VFM), following an IPO set to take place between July 21 and August 14.
The VFMVN30 ETF will be managed by the fund's authorised participants, which include Ho Chi Minh Securities Corporation (HSC) and Bao Viet Securities Company (BVSC). VFM has appointed Standard Chartered Bank Vietnam as custodian, while the Vietnam Securities Depository will act as the fund's transfer agent.
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Source: Asia Asset Management
Asia fund passport plans require reform
July 13, 2014--Critically important tax issues need to be addressed to ensure the success of plans to promote cross-border fund sales in the Asia Pacific region, according to ICI Global, a trade body representing asset managers.
Under the Asia Region Funds Passport initiative...
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Source: FT.com
China fund industry hits record assets
July 13, 2014--Chinese mutual funds have hit record asset levels as investors continue to pour money into China's surging online money market fund industry, despite growing regulatory concern.
China's mutual fund industry reached Rmb3.55tn ($572bn) of assets under management at the end of June, a 21 per cent increase since the start of the year, according to figures from Z-Ben Advisors, an asset management consultancy.
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Source: FT.com
ETF/ETN Monthly Report for Jun 2014
July 9, 2014--Monthly ETF/ETN trading value recovered to above JPY 2 trillion in June
Trading value in the ETF/ETN market in June 2014 exceeded JPY 2 trillion for the first time since April,with daily average trading value reaching about JPY 97.7 billion.
Leveraged ETFs continued to be a driving force in the market,with NEXT FUND S Nikkei 225 Leveraged Index ETF (1570) maintaining its more than 60% share of ETF/ETN market trading value.
TOPIX Bear-2x ETF (1356),listed on May 29,2014, saw trading value gains and ranked 13th overall.
view the ETF/ETN Monthly Report for Jun 2014
Source: TSE