HKEx Publishes Online Fact Book for 2010
March 9, 2011--Hong Kong Exchanges and Clearing Limited (HKEx) has published its annual fact book on the HKEx website.
HKEx Fact Book 2010 presents a review of the securities and derivatives markets in 2010, as well as clearing and settlement information. It includes market indices’ movements, trading statistics and analysis, statistics based on the Hang Seng Industry Classification System, corporate actions of listed companies, fund-raising figures, historical statistics and results from surveys of the investing community.
view the HKEx Publishes Online Fact Book for 2010
Source: Hong Kong Exchanges and Clearing Limited (HKEx)
Taiwan isolated from mergers trend
March 9, 2011--The wave of consolidation sweeping global exchanges has yet to but in Taiwan, the futures exchange stands in splendid isolation from the trend.
Taiwan Futures Exchange (Taifex), is unlikely to be able to pursue tie-ups with other exchanges because of the country’s tight regulatory control and the exchange’s primarily local customer base, according to Taifex’s president, Steve Wang.
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Source: FT.com
Orix to be Japan's first renminbi bond issuer
March 9, 2011--Orix, a financial services company, is poised to become the first Japanese company to issue so-called “dim sum” bonds in Hong Kong, adding to the smattering of foreign banks and companies tapping the nascent renminbi market.
The company is expected to raise about Rmb400m ($61m) and is eyeing a maturity of two or three years, similar to other foreign issuers such as Caterpillar’s Rmb1bn bond issued in November Marketing started on Wednesday.
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Source: FT.com
Emerging Indonesia: lessons for middle-income countries
March 8, 2011 - Indonesia’s re-emergence as a middle-income country has brought several lessons which would be valuable to tap into for knowledge exchange among nations. In this spirit, the World Bank organized a series of seminars and knowledge events in Washington D.C. to capture lessons from the Indonesia story.
The “Emerging Indonesia” series started on February 23rd and spanned for two weeks until March 3rd. The event culminated in a cultural evening with performances from Bank staff member and the Indonesian community in the DC area.
In her opening speech during the Discussion Panel organized together with the US-Indonesia Society (USINDO) on February, Sri Mulyani Indrawati, World Bank Managing Director, emphasized the importance of middle income countries. By the Bank’s classification, some 100 countries fall in this category which now account for 69 percent of the world’s population and 41 percent of its economic output. She added that, “To be relevant to middle-income countries such as Indonesia, the World Bank must not only provide financing services, but also knowledge and convening services.”
view Indonesia: Partnering with a Middle Income Client-presentation
Source: World Bank
China announces ambitious clean energy plans for next five years
March 8, 2011--The Chinese government plans to build 235m kilowatts of power generation capacity from clean energy in the next five years, according to its latest draft Five-Year Plan
From 2011 to 2015, China plans to launch nuclear energy projects with a combined generation capacity of 40 million kw. In addition to boosting the construction of nuclear power plants in the coastal areas, new plants will be planned in central regions, according to the government's draft 12th Five-Year Plan.
The draft plan will be deliberated and approved by the country's national legislators at the Fourth Session of the 11th National People's Congress.
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Source: Xinhua
Indonesian traders enter global market
March 8, 2011--The Indonesia Commodity & Derivatives Exchange (ICDX) said domestic traders could now trade abroad on foreign exchanges – including CME Group and the New York Board of Trade – for the first time.
The move highlights how the barriers that have prevented local traders in Asia’s fast-growing commodity derivatives markets accessing trading opportunities abroad are coming down, as regulations are relaxed and technology is making connections easier.
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Source: FT.com
Dollarization in Cambodia: Causes and Policy Implications-IMF Working paper
March 4, 2011--Over the past decade, Cambodia has become Asia’s most dollarized economy. In contrast, dollarization in neighboring Lao P.D.R., Mongolia, and Vietnam has been either declining or broadly stable.
Somewhat paradoxically, growing dollarization in Cambodia has occurred against the backdrop of greater macroeconomic and political stability. The usual motive, currency substitution, does not appear to have been a factor. As the volume of dollars increased over the years, so has the volume of riel. A strong inward flow of dollars related to garments sector exports, tourism receipts, foreign direct investment, and aid, has benefitted the dollar based urban economy. The riel based rural economy has, however, lagged behind. Given international experience in de-dollarization, a carefully managed market based strategy, supported by a continued stable macroeconomic environment is essential for Cambodia’s de-dollarization.
view Dollarization in Cambodia: Causes and Policy
Implications
Source: IMF
SPDR® S&P500® ETF Trust to be Listed (managed by State Street Bank and Trust Company)
March 4, 2011--Today, Tokyo Stock Exchange, Inc. (TSE) approved the listing of "SPDR® S&P500® ETF Trust", managed by State Street Bank and Trust Company. The new ETF will be listed on Thursday, March 24, 2011.
Code 1557 (ISIN US78462F1030)
Name SPDR® S&P500® ETF Trust
Trading Unit 1 units
Underlying Index S&P 500
"SPDR® S&P500® ETF Trust" is listed on NYSE Arca and other exchanges. Created in 1993 as the first ETF in the US, it is now the world's largest ETF by net asset value. The underlying "S&P 500" consists of 500 large-cap issues listed on exchanges across the US and is widely used by institutional investors around the globe. With this listing, there will be a total of 101 ETFs listed on the Tokyo market. TSE will continue working to diversify the ETF market and improve the convenience of our market for all investors. Please refer to the page below for information on ETFs listed on TSE.
Source: Tokyo Stock Exchange
Thai Bourse To Launch 16 Single Stock Futures On March 21
March 3, 2011--The 16 new single stock futures will be based on stocks from the SET50 Index, which is composed of the 50 largest securities, listed on The Stock Exchange of Thailand (SET) and will come from 9 sectors. These new securities, the third batch of single stock futures issued by TFEX, will provide investors with more investment alternatives, and enable them to better manage risks and increase profitability, TFEX Managing Director Kesara Manchusree noted.
The 16 new underlying stocks from 9 sectors are Sri Trang Agro-Industry PCL (STA) from Agribusiness Sector; Thanachart Capital PCL (TCAP) and TMB Bank PCL (TMB) from Banking Sector; CP All PCL (CPALL) and Home Product Center PCL (HMPRO) from Commerce Sector; IRPC PCL (IRPC) and Thai Oil PCL (TOP) from Energy & Utilities Sector; Charoen Pokphand Foods PCL (CPF), Minor International PCL (MINT) and Thai Union Frozen Products PCL (TUF) from Food & Beverage Sector; Total Access Communication PCL (DTAC) and True Corporation PCL (TRUE) from Information & Communication Technology Sector; Indorama Ventures PCL (IVL) from Petrochemicals & Chemicals Sector; Pruksa Real Estate PCL (PS) from Property Development Sector; and BTS Group Holdings PCL (BTS) and Thai Airways International PCL (THAI) from Transportation & Logistics Sector.
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Source: Asia E Trading
Calculation of TOPIX in relation to shares of TOKAI Holdings Corporation
March 3, 2011--Tokyo Stock Exchange, Inc. (TSE) made an announcement today regarding calculation of TOPIX and its sub-indices concerning the following shares to be de-listed on March 29, 2011?and shares to be listed on April 1, 2011 due to stock transfer.
1. Exclusion
The following shares to be de-listed due to stock transfer will be excluded from TOPIX and its sub-indices after the close of trading on March 31, 2011. For index calculation purposes, the market capitalization of the following issues will remain unchanged from the close of March 28, 2011 (the last trading date) to March 31, 2011 in TOPIX and its sub-indices.
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Source: Tokyo Stock Exchange
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