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ETFGI reports ETFs and ETPs in Japan gathered net inflows of US$6.58 billion during July 2020
August 27, 2020-- ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFs and ETPs listed in Japan gathered net inflows of US$6.58 billion during July, bringing year-to-date net inflows to US$51.54 billion significantly more than the US$26.44 billion gathered at this point in 2019 and significantly more than the net inflows of US$36.72 billion gathered in all of 2019.
Assets invested in the Japanese ETFs/ETPs industry have decreased by 1.2%, from US$420.41 billion at the end of June, to US$415.33 billion at the end of July taking assets to the third highest level on record, according to ETFGI's July 2020 Japanese ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
The Bank of Japan held $304 Bn or 73% of all ETFs/ETPs assets in Japan at the end of July.
YTD net inflows are $51.54 Bn significantly more than the $26.44 Bn gathered at this point in 2019 and significantly more than the net inflows of $36.72 Bn gathered in all of 2019.
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SOurce: ETFGI
Vanguard to leave Hong Kong and open Shanghai HQ
August 26, 2020--Vanguard Group, the world's largest mutual fund manager, confirmed this morning it will be closing its Hong Kong operations and opening a new regional office in Shanghai.
In a statement the company said a "review has now led us to the conclusion to wind down our Hong Kong operation, which primarily serves institutional clients, and not the individual investors that are our primary strategic focus."
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Source: internationalinvestment.net
China's Economy Is Bouncing Back-And Gaining Ground on the U.S.
August 24, 2020--Success in containing Covid-19 is bringing life back to normal and helping close the economic gap with a rival
As much of the world struggles to contain the coronavirus, China's recovery is gaining momentum, positioning it to further close its gap with the U.S. economy.
Across China, restaurants and gyms are busy again. Subway cars and airport departure lounges are packed. Children are preparing to return to classrooms with few of the restrictions U.S. officials say will be hallmarks of post-coronavirus life. In some schools, children are being asked to bring masks-but they don’t have to wear them.
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Source: wsj.com
Chinese managers apply to launch first Hang Seng Tech index ETFs
August 24, 2020--Two Chinese managers have applied to launch exchange traded funds that will track the newly launched Hang Seng Tech Index, according to records from the China Securities Regulatory Commission.
China Asset Management and Dacheng Fund Management have made applications to list the new ETFs, which will be aimed at mainland Chinese investors and will use the fund managers' qualified domestic institutional investors quota.
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Source: technocodex.com
China and Russia Ditch Dollar in Move Toward 'Financial Alliance'
August 18, 2020--Russia and China are partnering to reduce their dependence on the dollar-a development some experts say could lead to a "financial alliance" between them.
In the first quarter of 2020, the dollar's share of trade between Russia and China fell below 50% for the first time on record, according to recent data from Russia's Central Bank and Federal Customs Service.
The greenback was used for only 46% of settlements between the two countries. At the same time, the euro made up an all-time high of 30%, while their national currencies accounted for 24%, also a new high.
https://www.caixinglobal.com/2020-08-10/china-and-russia-ditch-dollar-in-move-toward-financial-alliance-101590876.html?Sfrom=twitter&cxg=web&rkey=4jojc+U9Dvsngy8ZDEibRfFL/E7ci4pKB1sVGiymftccsdTAhqrCJQ%3D%3D
Source: caixinglobal.com
Coronavirus: Japan suffers its biggest economic slump on record
August 17, 2020--The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic.
The world's third largest economy saw gross domestic product fall 7.8% in April-June from the previous quarter, or 27.8% on an annualised basis.
Japan was already struggling with low economic growth before the crisis.
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Source: bbc.com
Asia's biggest market for ESG debt hit by 'greenwashing' concerns
August 16, 2020--Asia's fastest-growing market for debt billed as "socially responsible" has drawn criticism after data showed the vast majority of this funding has been raised for jobs and housing rather than the environment.
South Korea has for several years been one of the world's hottest markets for debt raised according to environmental, social and governance principles. Banks, industrial groups and the government have repeatedly touted the benefits to society from the Won64.7tn ($54.7bn) in ESG notes issued since May 2018.
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Source: technocodex.com
SGX expands Asian equity derivatives, to launch 13 futures in August, September
August 12, 2020--THE Singapore Exchange (SGX) on Tuesday said it is "significantly expanding" its pan-Asia shelf of benchmark equity derivatives, with a series of Asia ex-Japan and emerging markets Asia regional and single country futures.
These are based on net total return (NTR) and...
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Source: businesstimes.com
World Bank-China Economic Update-July 2020
July 29, 2020-- COVID SHOCK
Conditions in China and the rest of the world have changed dramatically over the last six months. The COVID-19 pandemic has taken a severe human toll, caused the deepest global recession in eight decades, and inflicted enormous damage on jobs and welfare worldwide.
FORECAST
For China our baseline forecast envisions a sharp slowdown of growth to 1.6 percent this year, which would mark the slowest expansion since 1976. While supply side constraints have eased and economic activity has started to rebound, domestic and external demand remain fragile and restrain the pace of recovery, despite the swift measures taken to contain the economic fallout.
IMPACT
Even as economic activity rebounds, the shock is likely to leave the economy scarred. The pace of poverty reduction is expected to slow, reflecting labor dislocation and slower growth in household incomes. Our projections show that without additional policy measures, 8-20 million fewer people are projected to escape poverty in 2020, compared to the pre-pandemic scenario. Self-employed workers and those in less secure, informal jobs, particularly migrant workers, are being especially hard hit.
view the Leaning Forward-COVID-19 and China's Reform Agenda
Source: World Bank
China's Doing Business Success: Drivers of Reform and Opportunities for the Future
July 23, 2020--Main findings:
Over the past two years, China has moved from 78th position in Doing Business 2018 to 31st position in Doing Business 2020 and was included among the Top 10 fastest global reformers for two years in a row.
China's reforms covered most of the ten Doing Business indicators, from starting a business to resolving insolvency.
In some areas, such as enforcing contracts or getting electricity, China is now close to or at the forefront of the global best practice.
There were six key drivers of China's success, including high-level leadership and ownership of the reform agenda, local policy experimentation, national and international knowledge sharing, strong enforcement of the reform agenda and accountability for results, robust private sector participation and intensive use of e-government services.
view the China's Doing Business Success: Drivers of Reform and Opportunities for the Future report
Source: World Bank
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