As oil flows east, race is wide open to price Asia's imports
Shanghai crude futures to launch in new free trade zone
China import restrictions, lack of oil producers' backing seen as hurdles
Platts Dubai, DME Oman, Russian ESPO also potential Asia oil price markers
November 13, 2013--China will increasingly dominate global oil trade with a fuel import bill worth half a trillion dollars a year by the end of the decade-a lucrative prospect for futures exchanges battling to provide the benchmark to price Asia's oil.
There is no dominant Asian contract to value the 30 million barrels of oil consumed on the continent every day- a third of global demand.
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Source: Reuters
Hang Seng is first HK financial institution to launch RQFII ETF
November 13, 2013--Hang Seng will launch a Renminbi Qualified Foreign Institutional Investor (RQFII) exchange-traded fund (ETF)- the Hang Seng China A Industry Top Index ETF (Fund)-making it the first local financial institution in Hong Kong to issue an RQFII ETF.
The Fund has been authorized by the Securities and Futures Commission and is expected to be listed on The Stock Exchange of Hong Kong (SEHK) on November 26 2013 (RMB Counter stock code: 83128 / HKD Counter stock code: 03128). It will be available for subscription at Hang Seng Bank branches between November 12-19 2013. The Fund units are denominated in renminbi and, after the Fund is listed, investors can trade in either renminbi counter or HKD counter in the SEHK.
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Source: The Asset
4 New ETFs to be Listed on December 5, 2013 (Thu.)-BlackRock Group, "iShares(R)" Series (Second Installment)
November 13, 2013--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listings of four new ETFs managed by BlackRock Fund Advisors. These four issues use the JDR scheme and will be listed on Thursday, December 5, 2013.
| Ticker | Issue Name | Underlying Index | Trading Unit |
| 1587 | iShares S&P 100 ETF-JDR | S&P 100 | 1 unit |
| 1588 | iShares Russell 2000 ETF-JDR | Russell 2000 Index | 1 unit |
| 1589 | iShares High Dividend ETF-JDR | Morningstar® Dividend Yield Focus Index SM | 1 unit |
| 1590 | iShares U.S. Real Estate ETF-JDR | Dow Jones U.S. Real Estate Index | 1 unit |
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Source: TSE
China vows 'decisive' role for markets, results by 2020
November 12, 2013--China's leaders pledged to let markets play a "decisive" role in the economy as they unveiled a reform agenda for the next decade on Tuesday, looking to secure new drivers of future growth.
China aims to achieve "decisive results" in its reform push by 2020, with economic changes in focus, the ruling Communist Party said in a communiqué released by state media at the end of a four-day conclave of its 205-member Central Committee.
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Source: Reuters
BNY Mellon Granted Singapore Capital Markets Services Licence
Enables company to expand its investment management business and manufacture locally
November 12, 2013--BNY Mellon, the global leader in investment management and investment services, has been awarded a Capital Markets Services licence by the Monetary Authority of Singapore for its new dedicated Singapore-based subsidiary* to provide fund management services in Singapore. The licence was approved on 11, November 2013.
With the new licence, the Singapore subsidiary, BNY Mellon Investment Management Singapore Pte. Limited, will be able to conduct a full range of investment management activities, including research, portfolio management, marketing and sales of collective investment schemes. BNY Mellon Investment Management has been offering global investmen, solutions to institutional investors in the region through its investment boutiques, each with their own independent investment philosophy and strategy. The new licence will help the company expand its existing institutional business in Singapore and strengthen its presence in Southeast Asia. It will also enable the company to start building local manufacturing capabilities.
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Source: BNY Melon
South Korea's derivatives decline threatens equity trade
November 12, 2013--South Korea's derivatives market, once the world's largest by trading volume, is suffering a sharp drop in liquidity as stricter regulations damp appetite and drive investors to neighbouring markets in China and Japan.
The country was the world's top derivatives trader until 2011 thanks to heavy retail investor activity in equity derivatives. Last year it fell to fifth ranked in the world, and is now not even in the top 10 as retail investors deserted the market after regulators raised the entry barriers against them.
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Source: FT.com
ASX looks to volatility-linked products to drive Australia Vix futures liquidity
November 12, 2013--Increasing the potential liquidity pool a major aim for Australia volatility futures market
The Australian Securities Exchange (ASX) is looking to extend the product suite linked to its recently launched Vix futures in order to avoid the issue of low liquidity which has dogged other attempts by Asian exchanges to kick-start similar domestic markets.
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Source: Risk.net
SGX introduces new Asian Index Futures
November 12, 2013--Singapore Exchange (SGX) is pleased to introduce three new Asian Index Futures to provide investors wider access to almost all of Asia's key capital and growth markets.
The new contracts, namely the SGX-PSE MSCI Philippines Index Futures, SGX MSCI Thailand Index Futures and SGX MSCI India Index Futures, complement SGX's extensive suite of equity derivatives offerings. In addition, it provides global investors deeper and more extensive reach into Asia's emerging markets. The three new contracts will commence trading from 25 November 2013.
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Source: Singapore Exchange (SGX)
China to let private investors hold up to 15 pct in state firms-report
November 11, 2013--China will allow private investors to buy up to 15 percent stakes in state-own enterprises (SOEs), the official China Daily reported, as Beijing moves to leverage private funds to avoid having to bail out heavily indebted state owned firms.
Chinese leaders are gathered in Beijing this week to establish the economic blueprint for the next 10 years and the State-owned Assets Supervision and Administration Commission (SASAC), which administers more than a hundred of China's biggest state-owned companies, has said reform of SOEs as a major area of focus.
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Source: Reuters
ETF net jumps 23.1 through Oct.
November 11, 2013--South Korea's exchange-traded funds (ETFs) saw its net assets value jump 23.1 percent through October this year, data showed Monday, as more investors sought after safer investment destinations.
The combined net assets of ETFs in South Korea came to 18.78 trillion won ($17.62 billion) at end-October, compared to the 15.25 trillion won tallied at end-January, according to the data by the main bourse operator Korea Exchange.
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Source: YON HAP News Agency
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