Asia ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
IMF Working paper-Development of the Renminbi Market in Hong Kong SAR: Assessing Onshore-Offshore Market Integration
December 24, 2013--Summary: Offshore use of the renminbi expanded rapidly in Hong Kong SAR as China sought to develop an international role for its currency while maintaining capital controls. This prompts two questions addressed in this paper: How far advanced is renminbi internationalization? And, what role does Chinese capital account liberalization play?
The first is addressed by testing the extent of integration of offshore and onshore markets for the renminbi using a Threshold Autoregression (TAR) model and finds that there are substantial unexploited arbitrage opportunities. A VAR model is used to indentify factors contributing to this limited market integration and finds that capital controls and shifts in global market sentiment explain much of the divergence in onshore and offshore renminbi exchange rates. To address the second question, the paper shows how capital account measures have been used to promote offshore use of the renminbi more actively in the wake of the global financial crisis, but that this was done asymmetrically with controls on inflows eased to a greater extent than on outflows. It concludes that a more balanced liberalization process will sustain progress in renminbi internationalization.
China borrowing costs tumble as central bank acts to ease credit crunch
One-week borrowing costs drop sharply as People's Bank of China acts to avert a liquidity crisis
December 24, 2013--China's cash squeeze eased on Tuesday after made its first market-wide injection of cash in three weeks.
The People's Bank of China (PBOC) auctioned 29 billion yuan (£2.9bn) of seven-day reverse-repurchase agreements at a yield of 4.1pc.
view more
Source: The Telegraph
The Shortlist for Exchange Traded Fund
December 23, 2013--In a last-ditch attempt to salvage its plans to raise billions of dollars by selling stakes in state-run companies, India has shortlisted the shares of Coal India Ltd., Oil and Natural Gas Corp. and nine other companies for a new exchange-traded fund which will invest only in public-sector companies.
Among the other big government companies that may become part of the fund are Indian Oil Ltd., Power Grid Corp., Power Finance Corp. and Rural Electrification Corp., said a finance ministry official who asked not to be named.
view more
Source: Wall Street Journal
UK funds close in on China access deal to rival Hong Kong
December 22, 2013--Hopes of a lasting boost to Hong Kong's asset management industry from a deal to sell funds into China have been dealt a blow by growing speculation that the UK and other markets will quickly benefit from similar agreements.
Hong Kong and Chinese regulators are due to sign an agreement in coming weeks to give funds domiciled on both sides of the border "mutual recognition" in each other's markets, according to people following the talks.
view more
Source: FT.com
PSU exchange-traded fund to be launched by February
December 20, 2013-- Central Public Sector Enterprises (CPSE) Exchange-Traded Fund is likely to hit the market in February.
According to Finance Ministry officials, the Department of Disinvestment has identified 11 listed public sector enterprises, including blue chips, such as Coal India, ONGC, Indian Oil, Power Grid, Rural Electrification Corporation and Power Finance Corporation.
These firms have been selected on the basis of their five-year dividend record. Now, an Empowered Group of Ministers will finalise the composition of the proposed fund. It will also take a call on the timing, the official added. Goldman Sachs will manage the ETF.
view more
Source: Business Line
China ETFs lead new launches in 2013
December 20, 2013--Exchange traded funds linked to the Chinese stock exchange were among the hottest new product launches of 2013, in a remarkable repeat of the previous year.
Observers could certainly be forgiven for feeling a sense of "déjàvu all over again" as new ETFs tracking the performance of the CSI 300 index (the 300 largest issuers on the Shanghai and Shenzhen bourses) attracted billions of dollars in inflows, just as the 2012 vintage of launches did.
view more
Source: FT.com
Da Cheng gets the nod to launch first A-share RQFII balanced fund
December 19. 2013--Da Cheng International Asset Management has received the green light from Hong Kong's Securities Futures Commission (SFC) to launch the first RQFII balanced fund, the Da Cheng China Balanced Fund.
The approval follows China Securities Regulatory Commission (CSRC) lifting the restrictions that stipulated the first batch of RQFII funds must have 20:80 asset allocations in Mainland equities and fixed income in March this year. Under the new initiative, RQFII funds can now access a wide array of assets including IPOs, convertible bonds, interbank bonds, as well as index futures. The Da Cheng fund is scheduled to launch in early 2014.
view more
Source: Asia Asset
Da Cheng gets the nod to launch first A-share RQFII balanced fund
December 19, 2013--Da Cheng International Asset Management has received the green light from Hong Kong's Securities Futures Commission (SFC) to launch the first RQFII balanced fund, the Da Cheng China Balanced Fund.
The approval follows China Securities Regulatory Commission (CSRC) lifting the restrictions that stipulated the first batch of RQFII funds must have 20:80 asset allocations in Mainland equities and fixed income in March this year. Under the new initiative, RQFII funds can now access a wide array of assets including IPOs, convertible bonds, interbank bonds, as well as index futures. The Da Cheng fund is scheduled to launch in early 2014.
view more
Source: Asian Asset
Optimism among large companies highest in two years
December 18, 2013--BUSINESS confidence among some of China's largest companies stood at the highest since October 2011 this month with optimism boosted by the newly announced reform agenda, a private report showed.
The monthly measure of China's business sentiment rose to 58.4 in December from 53.3 in November, fueled by a large jump in the number of firms that said the current business conditions were better than a month earlier, Market News International (MNI),, a unit of Deutsche Boerse Group, said in a report today.
view more
Source: Shanghai Daily.
E Fund vice GM Chen Zhimin resigns
December 18, 2013--Chinese asset manager E Fund Management announced on Tuesday (December 17) that its general manager (GM) and chief investment officer Chen Zhimin had relinquished his position, effective December 16.
Mr. Chen was one of the founders of E Fund Management when the company was established in 2001. Since then, he has held a number of senior positions in the investment department and the institutional wealth management department.
view more
Source: Asia Asset
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
