PBOC Signals Money-Market Volatility as China Seeks to Tame Debt
February 9, 2014--China's central bank signaled that volatility in money-market interest rates will persist and borrowing costs will rise, underscoring the risk of defaults that could weigh on confidence and drag down growth.
"When the valve of liquidity starts to tame and curb excessive credit expansion, money-market rates, or the cost of liquidity, will reflect that," the People's Bank of China said in Feb. 8 report.
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Source: Bloomberg
The People's Bank of China-Statistical Report on Uses of Loans by Financial Institutions, 2013
February 8, 2014--The People's Bank of China-Statistical Report on Uses of Loans by Financial Institutions, 2013 is now available.
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Source:The People's Bank of China
JPX-Nikkei Index 400 expected to become favorite for derivatives
February 7, 2014--Market participants say institutional-investor demand for the new JPX-Nikkei Index 400 is likely to be strong, and it could become the preferred option for over-the-counter, listed futures and options and other products.
"Clients have been asking for Nikkei 400 OTC futures, put and call options or structured products using the new index," said Shun Maruyama, a Tokyo-based Japan equity-derivatives strategist at BNP Paribas. "In the cash market it is unlikely that the new index will replace the Nikkei 225 as a benchmark but on the derivatives side it is likely because the Nikkei 225 is a price-weighted index."
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Source: SmartBrief
New ETF to be Listed on 25. Feb, 2014(Tue.)-Mitsubishi UFJ AM "MAXIS J-REIT ETF"
February 7, 2014--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of a new ETF managed by "Mitsubishi UFJ Asset Management Co., Ltd" The ETF will be listed on Tuesday, 25. Feb, 2014.
Code 1597
Name MAXIS J-REIT ETF
Listing Date 25. Feb, 2014(Scheduled)
Trading Unit 10 unit
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Source: TSE
Singapore moots major reforms of its bourse rules
February 7, 2014--Singapore has proposed a major shake-up of its stock market rules following a penny stock scandal which hit trading volumes on Southeast Asia's largest bourse that has recently struggled to attract big share listings like its rival in Hong Kong.
The Monetary Authority of Singapore (MAS) and Singapore Exchange (SGX) said yesterday they are consulting the market on a series of changes including minimum trading prices, new collateral rules, short-selling reporting, and the establishment of independent committees to vet listing applicants and impose regulatory sanctions.
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Source: Gulf Times
UPDATE 1-Mitsubishi UFJ Securities International to close commodity ops
Concerned about long-term profitability, capital efficiency
Has started winding down commodity derivatives business
Tougher regulation a big factor in decision-source
January 6, 2014--Japan's Mitsubishi UFJ Securities International became the latest bank to withdraw from the commodities sector, hit by weaker investor interest and tougher regulation.
The institution said on Thursday it was closing its international commodities derivatives business due to concerns about long-term viability.
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Source: Reuters
2 New ETFs to be Listed on Mar. 7, 2014 (Fri.) -Norinchukin Zenkyoren Asset Management, "NZAM ETF J-REIT Index, NZAM ETF TOPIX Ex-Financials"
February 6, 2014--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of new ETFs managed by Norinchukin Zenkyoren Asset Management Co., Ltd. These will be listed on Friday, March 7, 2014.
Code: 1595 (ISIN JP3047700004)
Name NZAM ETF J-REIT Index
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Source: TSE
Gold ETFs appear to have fallen out of favour in India
February 6, 2014--In what is termed as the first yearly decline in assets under management since their introduction in 2007, gold ETFs have lost over $479 million in 2013.
Gold exchange traded funds appear to have fallen out of favour in India. In what is termed as the first yearly decline in assets under management since their introduction in 2007, gold ETFs have lost over $479 million (Rs 30 billion) in 2013. Assets managed by gold ETFs slid by 26% in 2013, against a growth of 31% in 2012, data showed.
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Source: MineWeb
IMF Working paper-Leaning Against the Wind: Macroprudential Policy in Asia
February 6, 2014--Summary: In recent years, macroprudential policy has become an increasingly active policy area. Many countries have adopted it as a tool to safeguard financial stability, in particular to deal with the credit and asset price cycles driven by global capital flows. This paper reviews the use of key macroprudential instruments and capital flow measures in 13 Asian economies and 33 economies in other regions since 2000, and constructs various macroprudential policy indices, aggregating sub-indices on key instruments.
Asian economies appear to have made greater use of macroprudential tools, especially housing-related measures, than their counterparts in other regions. The effects of macroprudential policy are then assessed through an event study, cross-country macro panel regressions and bank-level micro panel regressions. The analysis suggests that macroprudential policy and capital flow measures have helped curb housing price growth, equity flows, credit growth, and bank leverage. The instruments that have been particularly effective in this regard include loan-to-value ratio caps, housing tax measures, and foreign currency-related measures.
view the IMF Working paper-Leaning Against the Wind: Macroprudential Policy in Asia
Source: IMF
Base prices and daily price limits for newly listed ETF
February 5, 2014--The base price, etc. of MAXIS JPX-Nikkei Index 400 ETF (Code: 1593), which is scheduled for initial listing on February 6, 2014, are as below.
MAXIS JPX-Nikkei Index 400 ETF (Code: 1593)
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Source: TSE
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