SGX, HKEx to promote internationalisation of renminbi
					
December 4, 2013--Two of Asia's biggest exchanges, the Singapore Exchange (SGX) and the Hong Kong Exchanges and Clearing (HKEx) will cooperate to promote the internationalisation of the renminbi. 
					
The Singapore Exchange (SGX) and the Hong Kong Exchanges and Clearing (HKEx) on Wednesday signed a memorandum of understanding (MOU) to leverage each other's strengths and capture more of Asia's growth.
Often compared and regarded as rivals, SGX and HKEx surprised the market with a new collaboration covering the areas of new technology, regulation, and joint product development.
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Source: Channel News Asia
						
China's consumer sentiment rises for 4th straight month
					
December 3, 2013--CHINA'S consumer sentiment rose for the fourth consecutive month in November, as optimism about the economy's future followed the recent pick-up in economic activity, a private report showed today.
					
The monthly measure of consumer confidence rose to 96.6 in China last month from 95.7 in October, posting the highest reading since June, Market News International (MNI), a unit of Deutsche Boerse Group, said in a report today.
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Source: shanghaidaily.com
						
First domestic ETF climbs on market debut
					
December 2, 2013--The country's first ever domestic exchange-traded fund (ETF), which aims to track the country's main stock market index, climbed nearly 1 percent on its market debut on Monday, defying recent weakness in the broader market.
					
First Metro Philippine Equity Exchange Traded Fund Inc was up 0.8 percent in morning trade against its net asset value per share of 99.20 pesos. The Philippine Stock Exchange's 30-stock main index was up around 0.1 percent at noon break.
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Source: Manila Bulletin
						
Bosera AM targets globall,  HK expansion
					
The HK subsidiary is set to list offshore renminbi ETFs in Hong Kong and New York and is in talks with global partners. It is also seeking to double its staff in Hong Kong to 40. 
December 2, 2013--The offshore arm of Chinese fund house Bosera is to launch RQFII exchange-traded funds in Hong Kong and New York, while it is also in partnership talks with institutions in Europe and the US.
					
Bosera Asset Management(International)'s global expansion drive comes as it sets out to double the size of its Hong Kong team to 40 through the addition of investment and sales staff.
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Source: Asian Investor
						
SSE: Five Measures for Reform of New Share Issuance
					
December 2, 2013--On November 30, the China Securities Regulatory Commission (CSRC) issued the "Opinions on Further Propelling the Reform of the New Share Issuance System" (the "Opinions" for short). After learning and discussing the "Opinions", cadres and employees of the Shanghai Stock Exchange (SSE) said that the "Opinions", which embodied common concerns of all market participants and absorbed all the wits of market players, would exert significant transformational influence on the reform and development of the capital market, and consolidate the institutional foundation for the sound growth of the capital market.
					
The SSE spokesman said that the "Opinions" responded in the field of the capital market the major viewpoint of "We should make markets play decisive roles in allocation of resources" put forward at the 3rd plenary session of the 18th CPC Central Committee. The "Opinions" took "New Share Issuance" as a key point to trigger the reform and development of the capital market. With the fundamental orientation of marketization and legal construction, the "Opinions" for the first time combed the significant relation between the government and the market in new share issuance. In the principle of "Each party of the market has fulfilled their functions", the "Opinions" considerably enriched and perfected the contents and measures for the construction of the new share issuance system. With an aim to protect legal rights and interests of investors, the "Opinions" propelled the capital market to stress the concept of value investing and revitalize the investment function.
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Source: Shanghai Securities News
						
Vanguard appoints head of investment strategy and research 
					
November 29, 2013--Vanguard has appointed Jeffrey Johnson to lead its investment strategy and research team for Vanguard Asia Pacific.
					
He will oversee a team of four senior investment analysts and economists with responsibility for promoting and enhancing Vanguard's reputation for thought leadership in investment-related issues and as a provider of investment research and strategy.
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Source: Financial Standard
						
World Bank-Infographic::Skilling up Vietnam
					
November 29, 2013--The Infographic: Skilling up Vietnam:Preparing The Workforce for A Modern Market Economy is now available.
					
view the World Bank Infographic-Skilling up Vietnam: Preparing The Workforce for A Modern Market Economy
						
Source: World Bank
						
SGX Welcomes First Chinese Bank RMB Bond Listed and Cleared in Singapore  
					
November 29, 2013--Singapore Exchange (SGX) today welcomed the first Chinese Bank's renminbi (RMB) bond to be listed and cleared in Singapore. The RMB bond is issued by Industrial and Commercial Bank of China's (ICBC) Singapore branch. 
					
The bond issue is settled and cleared in RMB via SGX's Central Depository (CDP).
The bond issue is for 2 billion RMB (S408 million) at 3.2% on a 2-year tenor, maturing on 28 November 2015. According to the book runners, Singapore investors took up 55% of the bond issue and the bonds are well distributed to more than 120 accounts.
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Source: Menafn.com
						
Revised Shariah Screening Methodology to Spur Greater Foreign Islamic Funds Inflow
					
November 28, 2013--Securities Commission Malaysia (SC) will release the updated list of Shariah-compliant securities approved by its Shariah Advisory Council (SAC) on 29 November 2013, based on the revised screening methodology as announced on 18 June 2012.
					
Under the revised screening methodology, SAC adopts a two-tier quantitative approach which applies the business activity benchmarks and the financial ratio benchmarks. The revision has taken into consideration of the rapid development of the Islamic finance industry in Malaysia, since the Shariah screening methodology was first introduced in 1995.
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Source: Securities Commission Malaysia (SC) 
						
Value Gold ETF adds new RMB counter
					
(Hong Kong Stock Code: HKD Counter -3081, RMB Counter- 83081)
November 28, 2013--Value Partners Group Limited ("Value Partners",  and
together with its subsidiaries, "the Group",  Hong Kong Stock Code: 806) is pleased to
announce that Sensible Asset Management Hong Kong Limited, a wholly-owned subsidiary
of the Group, has received approval from the Hong Kong Stock Exchange to adopt a dual
counter arrangement for Value Gold ETF, with effect from 29 November 2013.
					
Value Gold ETF was first launched in October 2010, with its trading currency denominated in
the Hong Kong dollar. The fund is the first and only ETF backed by physical gold stored in the
Hong Kong International Airport Precious Metals Depository Limited. Being the first Gold ETF
in the world with the Hong Kong dollar (HKD)/Renminbi (RMB) dual counters, it will provide
investors with an option to trade the ETF units in either of the two currencies.
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Source: Value Partners Group, Limited
						
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