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5 undervalued qualities of the Indian financial system
August 18, 2024--The timing is sound. India is celebrating its 78th Independence Day at present. Everybody is aware of the story: it's the world's most populous nation, one of many fastest-growing economies, the third-largest by gross home product in buying energy parity phrases, and a touted beneficiary of "China Plus One" provide chain diversification.
The optimistic imaginative and prescient of India as an rising financial rival to the US, EU and China has, nevertheless, been held for some time. There have been many false dawns. However, in line with the festive second, and in my common format of in search of alt-narratives, I sought out some information factors that put India's financial potential in a unique gentle.
5 undervalued qualities of the Indian financial system
1. An rising companies energy
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Source: manhwastock.com
MSCI removes China Tourism, 59 more Chinese stocks as global investors turn to India
August 13, 2024--Other big names to be ejected from the MSCI indices include Beiqi Foton Motor, Ganfeng Lithium Group and GF Securities
Global index compiler MSCI will remove 60 Chinese stocks from its gauges in its latest quarterly review, the third straight cull this year, reflecting the waning significance of the nation's equities in overseas investors' portfolios.
Fifty-six companies trading on China's onshore exchanges and four in Hong Kong will be removed from the MSCI China Index at the end of August, MSCI said in a statement on Monday.
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Source: scmp.com
Chinese gold ETF holdings up 92% since 2023
August 10, 2024--Chinese gold exchange-traded funds (ETFs) have experienced a surge, with holdings increasing by 92% since the beginning of 2023, according to Wells Fargo.
The bank said the surge in gold ETF investments reflects robust demand from Chinese investors seeking safety amid economic uncertainties.
Wells Fargo highlights that "Asian gold exchange-traded funds' (ETFs) holdings have grown 56% since January 2023," with 92% growth in China specifically.
This surge in gold holdings has coincided with a 23% return on gold over the same period. Furthermore, the substantial increase in Chinese gold ETF holdings is said to underscore a broader shift toward safe-haven assets as investors navigate economic challenges.
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Source: investing.com
China Investors Pile Into Saudi ETFs as Two Nations Grow Closer
July 28, 2024--Both ETFs trade at sizable premiums to their net asset values
Saudi ETFs have competitive advantage in yields: Guotai Junan
Chinese investors are pouring money into two new exchange-traded funds tracking Saudi Arabian shares as the dismal performance of local equities supercharges demand for overseas assets.
The Saudi-focused ETFs enjoyed a bumper start when they debuted in Shanghai and Shenzhen on July 16 with both jumping by the daily 10% limit on their first two trading days. They were then suspended
for part of July 18 after their managers notified the exchanges that the premiumm of their share price over their net asset value had become excessive.
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Source: bloomberg.com
China's Third Plenum all about muddling through
July 22, 2024--Third Plenum announced reform measures that were either already underway or vexingly vague in detail at a crucial juncture for the economy
Four days of highly anticipated high-level Third Plenum meetings (from July 15 to 18) among Chinese Communist Party leaders ended with a perplexingly vague readout.
Indeed, the anticipated meeting's July 19 press conference failed to assuage China watchers' general impression of a non-event, even if some 300 reforms were touted by the official Chinese media, most of which were already underway.
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Source: asiatimes.com
WTO-Trade Policy Review: China
July 19, 2024--SUMMARY
1. During the review period, China remained an important driving force for global economic
growth. The economy recovered well from pandemic-related shocks, and China's exports and
imports continued to increase
The growth of trade in intermediate goods strongly outpaced the
growth of merchandise trade in general, indicating China's further integration into international
supply chains. However, the structural change it had previously embarked upon-away from
industry and towards services-came to a halt.
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Source: WTO (World Trade Organization)
Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion
July 18, 2024--On July 12th, it was announced that 91 additional ETFs will be added to the Mainland China-Hong Kong ETF Connect Program, which will take effect on July 22nd. This expansion brings the total number of ETFs in the program to 241, with 19 of them being managed by E Fund Management ("E Fund"), the largest fund manager in China.
In meantime, a significant increase in foreign investors' demand for tech investment opportunities was observed, with the electronics sector being the most popular-the northbound fund inflows into the sector reached US$1.58 billion in the second quarter.
After the expansion, offshore investors with interests in tech innovation can leverage enriched investment tools- more than 20 thematic ETFs, including three from E Fund, namely E Fund CSI Artificial Intelligence Thematic ETF (Code: 159819), E Fund CSI Cloud Computing & Big Data Index ETF (Code:516510), and E Fund CSI Technology 50 Index ETF (Code:159807).
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Source: E Fund Management
OKX Ventures Releases Bi-Monthly Investment Report (May-June 2024)
July 17, 2024--OKX Ventures, the investment arm of leading Web3 technology company OKX, has released its bi-monthly investment report for May-June 2024, highlighting steady progress across multiple fields and maintaining an optimistic outlook on market prospects.
Key Highlights:
Despite economic challenges, the crypto industry shows resilience and growth potential.
Ethereum spot ETF approval and on-chain data indicate positive momentum.
OKX Ventures observes significant developments in Bitcoin Layer-2s, TON ecosystem, and blockchain security.
The report showcases recent investments in innovative projects such as Bedrock, Codatta, GoPlus, and Nubit.
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Source: OKX
Hong Kong and mainland Chinese exchanges add 91 ETFs to Stock Connect scheme
July 12, 2024--A total of 85 ETFs will be added for trading in the northbound direction and six in the southbound direction, with the expanded list to take effect from July 22
More than 90 new exchange-traded funds (ETFs) will be eligible to trade under the expanded cross border Stock Connect programme later this month, giving investors more trading options, according to separate announcements by bourses in Hong Kong and mainland China on Friday.
The Shanghai, Shenzhen and Hong Kong stock exchanges added 85 ETFs for northbound trading and six in the southbound direction, after average asset management sizes and index weightings were lowered in April to enhance the mutual market access programme.
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Source: scmp.com
Samsung Active Asset Management Launches KoAct AI Infrastructure Active ETF Benchmarked Against Solactive Korea AI Infrastructure Index
July 9, 2024--The global AI infrastructure market has grown significantly against the backdrop of increasing global adoption of AI technologies across various industries, driven by the data explosion and advancements in AI algorithms. In response to this fast-growing industry, Solactive is pleased to announce that Samsung Active Asset Management has listed the KoAct AI Infrastructure Active ETF, benchmarked against the Solactive Korea AI Infrastructure Index.
Undergoing rapid growth amidst the blooming AI transition, the global AI infrastructure market is set to expand rapidly and reach approximately USD 223 billion by 2030 from its 2023 valuation at USD 57 billion with a compound annual growth rate (CAGR) of c. 30% from 2024 to 2030[1], making it a highly attractive investment opportunity for international investors. Home to some of the most critical semiconductor and tech companies, South Korea is well-positioned for the development of AI and in particular the AI infrastructure ecosystem that is poised for strong government support and favorable policies such as the National Artificial Intelligence Strategy and the Digital New Deal, further fostering AI development and innovation.[2]
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Source: Solactive AG
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