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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
SSgA making larger ETF pie
January 3, 2013--James Ross, global head of State Street Global Advisors (SSgA) SPDR(R) exchange traded funds (ETFs), believes that the future of ETFs in Asia depends on how strongly ETF providers can come together and develop the industry, instead of competing for market share.
“Building market share is important but it is much more about growing the pie, this is more important to us. The one thing that was forgotten in the US during the 1990s and wasn’t realized in the early 2000s is that there were few ETF sponsors back then. It was pretty much us and Barclay’s iShares at that time and although we competed for business, we also worked pretty closely together in trying to build the market. We did some joint sponsorship type of things, conferences and stuff like that and we were really focussed on building the market,” Ross says in an interview with The Asset. “If the pie is growing 20%, 30%, 40%, you don’t need to grow your piece of that pie much to be successful.”
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Source: The Asset
China Macro-PMI on track for a gradual recovery
January 3, 2013--December's official PMI was 50.6, the same as November's reading, but below the market consensus of 51.
Since August, PMI readings have been steadily improving, due to seasonality and a bigger contribution from large enterprises that have benefited from China’s easing measures, which suggests that China is on track for a gradual recovery. However, some PMI sub-index readings suggest that risks still remain in the manufacturing sector. Unemployment is under noticeable pressure and the external demand outlook remains highly uncertain. In addition, although we have seen some destocking over the past couple of months it is too early to judge whether the process is coming to an end.
December’s PMI reading suggests that China is on track for a gradual recovery
December’s PMI remained flat at 50.6, the same as November, recording a third consecutive month of "expansion". The improvement over the past couple of months is partly due to seasonality, as enterprises entered the holiday production season, and partly due to an increased contribution from large enterprises which have benefited from China’s easing measures.
view report-China Macro-PMI on track for a gradual recovery
Source: Mirae Asset Management
Singapore growth quells recession fears
January 2, 2013--Singapore's economy grew in the fourth quarter. avoiding a technical recession despite disappointing growth figures for 2012, government data showed on Wednesday.
Gross domestic product (GDP) rose 1.1% year-on-year in the three months to December from zero growth in the previous quarter, the Ministry of Trade and Industry said.
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Source: FIN24
Thailand's SET Index closes at 1,407 points due to agreement preventing fiscal cliff
January 2, 2013--The Stock Exchange of Thailand's (SET) main stock
index (SET Index) closed up 15.52 points, or 1.11 percent, at 1,407.45 points today, a new high in the past 16 years and eleven months, or since February 7, 1996.
The increase is in the same range as that of global main indices, which
rose 1-3 percent.
SET President Charamporn Jotikasthira said the rise of the SET Index was supported by today's positive news that the U.S. Senate and House of Representatives had approved a deal to prevent the country from falling off a so-called fiscal cliff and into recession.
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Source: Stock Exchange of Thailand's (SET)
Securities Commission Malaysia (SC) -Capital market laws amended to drive innovation and promote market efficiency
January 2, 2013--Securities Commission Malaysia (SC) today announced the coming into force of the Capital Markets and Services (Amendment) Act 2012 (CMSA 2012), together with the issuance of several guidelines, which aim to encourage market and product innovation, promote market efficiency, and allow more informed investment decisions.
CMSA 2012 introduces a new approval framework that will facilitate the offering of a broader array of capital market products, which will effectively benefit issuers, intermediaries and investors.
The new approval framework distinguishes listed and unlisted capital market products given their distinct characteristics and differing risk profiles and applies the appropriate level of regulation commensurate with the risks attached. This enhances approval efficiency without compromising investor protection.
The SC has also released the Business Trusts Guidelines which allows for greater fund raising flexibility and provides investors with an opportunity to invest in a new asset class. The Guidelines on Private Debt Securities and Sukuk have also been revised to allow public listed companies and banks to offer bonds and sukuk to retail investors.
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Source: Securities Commission Malaysia (SC)
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