NSE, Japan's JPX plan Nifty futures for Osaka
January 10, 2013--The National Stock Exchange and Japan Exchange Group will seek to launch yen-denominated futures based on the Nifty, the bourse operators said on Thursday.
They plan to launch the new contracts on the Osaka Securities Exchange by next year.
The exchanges signed a letter of intent to prepare for the launch of S&P CNX Nifty index futures by March 2014, when the OSE is expected to complete its derivatives markets integration with the Tokyo Stock Exchange, they said in a statement.
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Source: Reuters
CNH Tracker-New year off to a blazing start for dim sum bonds
January 10, 2013--The offshore yuan bond market made a luminous start to the new year, with nearly 10 billion
yuan ($1.6 billion) of orders chasing three dim sum bonds that eventually raised a combined 2.9 billion yuan.
Bankers say improved liquidity in the offshore market and
lower funding costs to obtain yuan will attract more investors
craving higher returns to the market, which is good for the deal
pipeline.
Strong Chinese trade data published on Thursday also suggests that economic conditions in the U.S. and China are improving steadily, encouraging investors to buy offshore yuan bonds.
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Source: Reuters
Japan unveils $117 billion stimulus package
January 10, 2013--Battered by weak exports and an economy in recession, Japan unveiled a $117 billion fiscal stimulus package Friday in a bid to boost growth.
The measure will increase spending on public works, disaster recovery and provide aid to smaller businesses.
The plan is part of newly installed Prime Minister Shinzo Abe's effort to get the country's economy back on track with a combination of increased government spending and monetary easing.
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Source: CNN Money
End of the road for China's 'B' market
January 9, 2013--After years at death's door, China's so-called "B" share market may finally be put out of its misery.
The 20-year-old experiment is set to be wound down as companies give up on this "zombie" market.
Late last month, China International Marine Containers (CIMC) became the first company to convert its Shenzhen-listed B shares into Hong Kong-listed “H” shares.
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Source: FT.com
China Approves Government Bond ETF to Grow Debt Market
January 9, 2013--China approved the introduction of its first exchange-traded fund of government bonds as policy makers seek to expand the nation’s debt market.
Guotai Asset Management Co.’s exchange-traded fund of Chinese sovereign debt will be listed on the Shanghai Stock Exchange and benchmarked against an index of five-year government bonds, according to a statement posted to the website of the China Securities Regulatory Commission yesterday.
The fund will be “a bridge” that allows individuals to invest in government debt traded on China’s interbank market, from which they are barred, Pei Xiaohui, fixed-income head at Guotai, was cited as saying by news website Sina.com.
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Source: Bloomberg
SGX Observes New Global Regulatory, Risk Management and Capital Standards
Singapore Exchange (SGX) today said it is well positioned to meet the latest
international regulatory and risk management standards set by the International Organisation of Securities Commissions (IOSCO)1 and Committee on Payment and
Settlement Systems (CPSS)2.
This has been achieved after an extensive review and sharpening of SGX's risk management and operational processes, and the addition of new rules and procedures to enhance the safety and efficiency of
its subsidiaries.
'Recognising our robust regulatory framework and financial strength, customers have increased the use of SGX's clearing services to manage their market exposures. In meeting the latest global regulatory requirements, we assure our customers that they can continue to efficiently expand their businesses and confidently manage their risks via SGX. Our standing as the clearing house and exchange of choice in Asia is further validated and made more secure,' said Mr Magnus Bocker, CEO of SGX.
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Source: Singapore Exchange (SGX)
ChiNext 300 Series Indices Launched
January 7, 2013--Shenzhen Stock Exchange and Shenzhen Securities Information Co., Ltd. jointly announced on January 7, 2013 to issue SZSE ChiNext 300 Index (Abbreviation: ChiNext 300, Code: 399012), which takes June 29, 2012 as base day, and 1000 point as base point, SZSE ChiNext 300 Growth Index (Abbreviation: ChiNext G, Code: 399667) and SZSE ChiNext 300 Value Index (Abbreviation: ChiNext V, Code: 399668).
Constituting an important part of multi-layer capital market development, accelerating the development of ChiNext Market is not only an essential requirement for forming pyramid market structure, but also of great significance to extend the capital market’s tentacle in breadth and depth to serve the real economy, and propel transforming economy’s development from factor-input type to innovation-driven type.
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Source: Shenzhen Stock Exchange
Asean Trading Link seeks to expand into ETFs, sukuk
January 7, 2013--Cross-border trading in ETFs, Reits and sukuk will soon be possible on the Asean Trading Link as exchanges strive to improve foreign investors' access to a broader product range.
Bourses in Malaysia, Singapore and Thailand are gauging investor interest in trading ETFs, structured products and Islamic bonds via the recently established Asean Trading Link.
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Source: Asian Investor
HKEx to Introduce Options on Two A-share ETFs on 21 January
January 4, 2013--Hong Kong Exchanges and Clearing Limited (HKEx) will introduce options on Hong Kong dollar-traded units of the CSOP FTSE China A50 (CSOP A50) ETF and ChinaAMC CSI 300 Index (CAM CSI300) ETF, both of which have A shares as their underlying benchmark, on Monday, 21
January 2013 to strengthen the China dimension in its stock options offering.
Information about CSOP A50 and CAM CSI300 ETFs is available on HKEx's website.
The new options' sizes are in the following table along with the expiry months that will be available for trading when the options are introduced on 21 January.
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Source: Hong Kong Exchanges and Clearing Limited (HKEx)
Japan 'super-bourse' makes rocky start
January 4, 2013--Japan's super-bourse got off to a rocky start as investors sent shares of the new group down by almost a tenth in an otherwise rapidly rising market.
Shares of Japan Exchange Group (JPX) fell 9.4 per cent on Friday in Tokyo, on trading volume that was 25 times higher than the two-month average. The Nikkei 225 stock average rose 2.8 per cent.
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Source: FT.com
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