IMF report-People's Republic of China: Staff Report for the 2012 Article IV Consultation
June 24, 2012--KEY ISSUES
The economy seems to be undergoing a soft landing, though global headwinds
are increasing. Growth is expected to moderate to around 8 percent this year and inflation to drop to 3½ percent. Meanwhile, a political transition is underway.
Focus. Near-term macroeconomic management challenges were a key focus of the consultation. The economy has been slowing partly as a result of policy action to moderate
growth to a more sustainable pace, but a worsening of the euro area crisis poses a key risk to the outlook. The mission also discussed domestic risks related to the property sector,
financial system, and local government finances. Another theme related to the mediumterm priority of internally rebalancing the economy toward consumption. Finally, the
mission also exchanged views on inward and outward spillovers, with particular attention to how China’s investment impacts the rest of the world.
Macroeconomic policy advice. Policies should continue to be geared toward achieving this year’s growth targets. In the event of a worsening of the external outlook, China has ample room to respond forcefully, using fiscal policy as the main line of defense and with emphasis on measures that support China’s medium-term reform objectives.
view the IMF-People's Republic of China: Staff Report for the 2012 Article IV Consultation
Source: IMF
The Tokyo Commodities Exchange Extends Technology Contract With NASDAQ OMX to 2019
July 23, 2012--The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) announces that the Tokyo Commodities Exchange (TOCOM) and system integrator NTT Data have extended their contract with NASDAQ OMX to 2019.
Under the contract NASDAQ OMX will continue to operate and support TOCOM's integrated trading and clearing platform for commodity derivatives. In addition TOCOM has upgraded its trading platform for improved latency performance. TOCOM rolled out its NASDAQ OMX powered platform in 2009.
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Source: NASDAQ OMX
SSgA appoints Amanda Skelly head of Australian SPDR(R) ETF business
New hires reaffirm State Street's commitment to expanding local ETF operations
July 26, 2012--State Street Global Advisors (SSgA), the investment management business of State Street Corporation, is strengthening its Australian Exchange Traded Fund (ETF) operation with the appointment of Amanda Skelly to head our SPDR(R) ETFs in Australia, a newly created position.
In this role Ms Skelly will lead SSgA’s SPDR ETF operations in Australia and will be responsible for driving the business strategy and product development, educating investors about the uses of ETFs and promoting the products to institutional and retail investors. Ms Skelly starts today (23 July) and reports to Frank Henze, SSgA’s head of SPDR ETFs for Asia Pacific.
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Source: State Street Global Advisors
New ETF to be Listed on Aug. 9, 2012 (Thu.)-Mitsubishi UFJ AM "MAXIS TOPIX Risk Control (10%) ETF"
July 23, 2012--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of a new ETF created by Mitsubishi UFJ Asset Management Co., Ltd. (Mitsubishi UFJ AM). The ETF will be listed on Thursday, August 9, 2012.
Code:1574 (ISIN JP3047500008)
Name:MAXIS TOPIX Risk Control (10%) ETF
Fund Administrator:Mitsubishi UFJ Asset Management
Listing Date: Aug 9, 2012
Trading Unit: 10 unit
Underlying Index: TOPIX Risk Control Index (Volatility 10%)
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Source: Tokyo Stock Exchange
SFC-SFC offers practical guidance on how to ascertain key risks before investing
July 20, 2012--In the latest issue of InvestEd Intelligence, the Securities and Futures Commission (SFC) reminds investors to find out about the various risks and factors that may affect their return of investment before making a commitment.
In this issue’s “Sounding Board” column, the SFC’s Senior Director, Head of Risk and Strategy, Ms Bénédicte Nolens, reminds investors to ask themselves and their advisors certain questions before buying a financial product. She also notes that the global outlook and events in any part of the world can have an impact on one’s investments.
This issue also introduces a new class of products-the Renminbi Qualified Foreign Institutional Investor (RQFII) A-share exchange-traded fund (ETF). The "Choosing Wisely" column outlines its key features and risks and explains how it differs from A-share ETFs in currency denomination, structure and trading arrangement.
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Source: Securities and Futures Commission (SFC)
Hong Kong's A-Share ETF Raises Six Times Synthetic Rival
July 19, 2012--Demand for the first Hong Kong exchange-traded fund backed by stocks listed in mainland China pushed the security's market value to six times that of a similar ETF that uses derivatives.
The China AMC CSI 300 Index ETF (83188) has 3.8 billion yuan ($596 million) in assets after listing on July 17, compared with HK$838 million for the iShares CSI 300 A-Share Index fund, which started in November 2009. The physical ETF’s market value is capped by mainland regulators at 5 billion yuan.
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Source: Bloomberg
China is outgrowing its financial system
July 19, 2012--At the beginning of July, a mix of the most thoughtful Chinese and foreign policy makers, academics and market practitioners gathered in Shanghai for the annual Lujiazui financial forum.
The economic backdrop wasn’t great. Europe continues at the edge of the precipice while the US has lost momentum and emerging markets are also slowing. The world still hasn’t recovered from the global financial crisis made in the US and swiftly exported to much of the world.
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Source: FT.com
Risk warning over China's first A-share ETF
July 18, 2012--Foreigners can access Chinese A-shares via a new ETF, but the fund comes with a warning from the local regulator about associated risks.
The ETF, which started trading on Tuesday was launched by privately owned fund giant, China Asset Management, which is based in Beijing with offices in China including Shanghai and Shenzhen. It also has a subsidiary in Hong Kong.
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Source: Financial News
DB-Equity Research-Asia-Pac-ETF Market Weekly Review: Asia-Pac ETF+ Monthly Directory : June 2012 ETPs
July 17, 2012--This document includes all Asia-Pacific listed exchange-traded funds (ETFs) and exchange-traded commodities (ETCs).
The directory is organized by country and asset-class-related sub sections. Within each sub section it has been sorted by ETP issuer by alphabetical order and by AUM in descending order. A number of key information points per product have been included in order to enable the reader to get an overview in their own area of interest. Among the key numeric information we include avg. daily turnover, assets under management, and cash flows (all in $US). If you have any questions about any of the products listed, or any suggestions on how to improve the directory going forward, please do not hesitate to get in touch.
The following link will be available for 90 days. For more information, please click on the link for the full PDF. If you have any trouble viewing the link, copy and paste the link in a browser.
http://pull.db-gmresearch.com/p/343-9024/84496367/Asia-Pac_ETF+_Monthly_Directory.pdf
Source: Source: Deutsche Bank - Equity Research - Asia Pacific
First RQFII A-share ETF to Debut at HKEx
July 17, 2012--Hong Kong Exchanges and Clearing Limited (HKEx) welcomes the pending listing of the first RMB Qualified Foreign Institutional Investor (RQFII) A-share exchange traded fund (ETF) on The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of HKEx, the ChinaAMC CSI 300 Index ETF, which China Asset Management (Hong Kong) Limited (CAMHK) will list on the Exchange tomorrow (Tuesday).
CAMHK's RQFII A-share ETF is a RMB-denominated physical A-share ETF. Through the RQFII investment quota granted by Mainland authorities, an RQFII A-share ETF seeks to track the performance of an A-share index by investing RMB raised outside Mainland China directly in a portfolio of A shares.
The ChinaAMC CSI 300 Index ETF will be the first physical ETF outside the Mainland market to invest directly in A-shares and the first A-share ETF outside the Mainland to trade in RMB. Besides this ETF, there are 24 other ETFs on A-share indices listed on the Exchange, but they adopt synthetic replication and are traded in Hong Kong dollars.
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Source: HKEx
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