Asia ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Chinese government summons gaming firms, says it will crack down on ride-hailing
September 9, 2021--Tech giants Tencent, NetEase urged to implement new gaming rules
Govt also targets ride-hailing in sweeping regulatory crackdown
Cyberspace body shuts, bans almost 1,800 'self-media' accounts
China's government on Wednesday summoned gaming firms including Tencent Holdings Ltd (0700.HK) and NetEase Inc (9999.HK) to ensure they implement new rules for the sector.
It also said it would crack down on illegal behaviour in the ride-hailing industry.
view more
Source: reuters.com
BlackRock raises $1bn for first foreign-run China mutual fund
September 8, 2021--Asset manager presses ahead with expansion into savings market despite concerns over Beijing's tech crackdown.
view more
Source: ft.com
What is behind China's Dual Circulation Strategy?
September 7, 2021--China's dual circulation strategy should not be dismissed as a buzzword: its implementation will entail major consequences.
Dual circulation may sound like a buzzword without much relevance,but it is not. It actually enshrines China's long-standing ambition to become self-sufficient.
Such an ambition was made known to the world in 2015 after the launch of China's industrial policy masterplan, Made in China 2025,even though the world at the time was still in full engagement with China. Since Trump's push for a trade and technology war against China,the Chinese leadership has been relying on a dual circulation strategy to support China's growth. This basically means insulating the domestic market from the rest of the world by eliminating any bottlenecks,whether in terms of natural resources or technology,so as to vertically integrate its production and achieve self-reliance served by China's huge domestic market. A relevant consequence for the world, though, is that China will no longer need to import high-end inputs, with obvious negative consequences for major exporters of technology, such as Germany, Japan, South Korea, and the U.S. As if this were not enough, the second aspect of dual circulation, boosting external demand, in a context of Western containment, will increase the importance of the Belt and Road Initiative (BRI) to ensure open markets in the emerging world.
view more
Source: bruegel.org
What's behind China's video game restrictions?
September 6, 2021--China placed strict limits on the time young people may spend playing online games.
The move is part of a broader effort to enforce social guidelines.
But cracking down on video game play is not unique to China.
Things were looking bad for young Chinese gamers by early August.
A state-run newspaper had just equated online gaming with "opium," likely striking a chord in the psyche of a country targeted by Western powers during the 19th century "Opium Wars" (remnants of that era of "national shame" are carefully preserved for tourists and schoolchildren).
Shares of the country's biggest game company crumpled in response to the harsh rhetoric, and by last week new rules had been issued that sharply limit the time children may spend on a wildly popular diversion.
Online gaming in the country is now only available to people younger than 18 from 8 p.m. to 9 p.m. on Fridays, Saturdays, Sundays and public holidays. The decree is supported by an "anti-addiction" registry.
view more
Source: World Economic Forum
Singapore to Host SPAC Listings, in a First Among Asian Financial Hubs
September 2, 2021--The city-state's enthusiasm for blank-check companies is in contrast with U.S. regulators’ hardening stance
Singapore will become the first major financial hub in Asia to allow blank-check companies to list.
On Thursday, the Singapore Exchange released new rules for special-purpose acquisition companies to be listed on its main board, concluding a monthslong consultation process just as American regulators step up scrutiny of the investment vehicles.
.
view more
Source: wsj.com/
South Korea gives green light to sale of China-listed ETFs
September 1, 2021--Move paves the way for implementation of cross-border ETF link between the two countries
South Korea's securities regulator has amended rules to allow domestic fund managers to offer Shanghai-listed exchange traded funds, paving the way for the implementation of the upcoming cross-border ETF link between the two countries.
Local fund groups can now register ETFs listed on the Shanghai Stock Exchange (SSE) for sale in South Korea, following an announcement by the Financial Services Commission last week.
view filing
Source: ft.com
China's factory activity contracts for first time since April 2020
August 31, 2021--China's factory activity slipped into contraction in August for the first time in nearly 1-1/2 years as COVID-19 containment measures, supply bottlenecks and high raw material prices weighed on output in a blow to the economy.
The slowdown in the manufacturing sector underscores the fragility of the ongoing economic recovery and the impact of strict coronavirus curbs in the country, backing expectations Beijing will roll out more support measures to revitalise growth.
view more
Source: news.yahoo.com
ETF Securities Releases Semiconductors ETF in Australia-Enabling Investors to Participate in this Indispensable Industry
August 31, 2021--The ongoing semiconductor shortage caught many businesses off guard as production of chips slowed down during the global pandemic. From domestic appliances to cars,almost every technological device relies on semiconductors,and the global shortage has taken its toll: car manufacturers idled their production lines[1] or- on the more creative side-utilized dummy chips in their production,which will be replaced by functional semiconductors as soon as the capacity allows it[2].
While there is a shortage,demand for semiconductor technology increases in the light of a global 5G rollout,interconnectivity,and smarter consumer technology. Major Australian issuer ETF Securities now releases an ETF,the ETFS Semiconductor ETF (ASX: SEMI). This fund is the first Australian passive investment product in that space.
In its market forecast,the World Semiconductor Trade Statistics (WSTS) expects the worldwide semiconductor market growth to rise from 6.8 percent in 2020 to a staggering 19.7 percent in the year 2021,which corresponds to a market size of US$ 527 billion. For 2022,WSTS expects growth by 8.8 percent.[3] Enjoying tailwinds,companies active in the semiconductor business can be expected to outperform for the foreseeable future.
view more
Source: Solactive AG
Vietnam's economy is forecast to grow by about 4.8 percent in 2021: WB
August 24, 2021--Vietnam's GDP is expected to expand by about 4.8 percent in 2021, although it has posted a robust economic performance in the first half of this year. This forecast, two percentage points lower than the projection made by the World Bank Group in December 2020, accounts for the negative impacts of the ongoing COVID-19 wave on economic activity.
The forecast was made in the latest edition of Taking Stock- the World Bank's biannual update on Vietnam's economic performance released today- highlighting the economic pains associated with the most recent COVID-19 outbreak. The mobility measures adopted by the government to contain the pandemic have hit the economy domestically.
view the Taking Stock:Digital Vietnam -The Path to Tomorrow report
Source: World Bank
Japan's economy rebounds in Q2, COVID clouds outlook
August 15, 2021--Japan's economy rebounded more than expected in the second quarter after slumping in the first three months of this year, data showed, a sign consumption and capital expenditure were recovering from the coronavirus pandemic's initial hit.
But many analysts expect growth to remain modest in the current quarter as state of emergency curbs reimposed to combat a spike in infections weigh on household spending.
The world's third-largest economy grew an annualised 1.3% in April-June after a revised 3.7% slump in the first quarter, preliminary gross domestic product (GDP) data showed on Monday, beating a median market forecast for a 0.7% gain.
view more
Source: yahoo.com
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
