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SGX invests 186m euros for 93% stake in index firm Scientific Beta
January 23, 2020--SINGAPORE Exchange (SGX) is coughing up 186 million euros (S$280 million) in cash for a 93 per cent stake in Scientific Beta Pte Ltd, a smart beta index firm.
The strategic investment will strengthen the Singapore bourse operator's research-based index design capabilities as well as broaden its range of index products and clientele.
As of end Sept 2019, an estimated US$55 billion in assets owned by global institutions tracked Scientific Beta's indices. This has risen more than 10 times in four years, on the back of significant growth in factor investing.
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Source: businesstimes.com.sg
Singapore's new digital banks face uphill struggle
January 21, 2020--Virtual lenders will struggle to capture market share from wealthy city-state's incumbents.
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Source: FT.com
World Bank-Thailand Economic Monitor January 2020: Productivity for Prosperity
January 17, 2020--Key Findings
Thailand's growth began to slow in 2019, with growth falling to 2.5 percent due to external and domestic factors
Global growth is projected to weaken to 2.4 percent in 2019 and to recover slightly to 2.5 percent in 2020, but risks are tilted to the downside on global growth, particularly for international trade.
Thailand's economy is projected to pick up moderately to 2.7 percent in 2020, underpinned by an expected slight improvement in external demand and recovery in private consumption as well as a stronger focus on public investment implementation.
Risks to Thailand's economic outlook stem from both external and domestic sources. The external risks stem from a possible continuation of the US-China trade tension and a broadening of protectionist tendencies, and domestic short-term risks mainly on the cohesiveness of the coalition government, which could impact investor confidence.
view the World Bank-Thailand Economic Monitor January 2020: Productivity for Prosperity
Source: World Bank
China's economic growth hits 30-year low
January 17, 2020-China's economy grew last year at the slowest pace in almost three decades.
Official figures show that the world's second largest economy expanded by 6.1% in 2019 from the year before-the worst figure in 29 years.
The country has faced weak domestic demand and the impact of the bitter trade war with the US.
The government has been rolling out measures over the past two years in an attempt to boost growth.
It comes after almost two years of trade tensions with the US-although hopes of a better relationship with America have seen improvements in manufacturing and business confidence data.
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Source: bbc.com
Chinese companies face tougher ESG disclosures
January 13, 2020--Chinese companies face tougher ESG disclosures. Some issuers offshore and on the mainland say new requirements are a waste of time.
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Source: FT.com
China's currency extends 2020 rally on easing trade angst
January 13, 2020--Renminbi erases the heavy losses it sustained in August that unnerved global investors
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Source: FT.com
China's Yuan at Strongest Since July Amid Trade Deal Optimism
January 12, 2020--China's yuan strengthened to a five-month high, punching past 6.9 per dollar ahead of this week's planned trade-deal signing with the U.S.
The currency rose as much as 0.32% to 6.8968 versus the greenback in the onshore market on Monday, the strongest since July 31.
The offshore rate gained 0.27% to 6.8963.
China's economy has shown signs of recovery in recent months as global demand steadies and trade tensions ease, boosting investor sentiment.
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Source: bnnbloomberg.ca
Exclusive: China halts British stock link over political tensions-sources
January 2, 2020--China has temporarily blocked planned cross-border listings between the Shanghai and London stock exchanges because of political tensions with Britain, five sources told Reuters.
Suspending the Shanghai-London Stock Connect scheme casts a shadow over the future of a project meant to build ties between Britain and China, help Chinese firms expand their investor base and give mainland investors access to UK-listed companies.
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Source: Reuters
Tokyo Stock Exchange's equity market structure set for major overhaul
December 27, 2019--There will be three market sections-Prime Market, Standard Market, and Growth Market, with each company to be able to choose the most suited market section for its listing.
The Expert Study Group on Capital Markets in Japan of the Financial System Council has discussed and deliberated on the market structure of Tokyo Stock Exchange six times since May 2019.
The report outlines two key reforms: reorganization into three market sections, and TOPIX overhaul.
view the Final Report by the Expert Study Group on Capital Markets in Japan of the Financial System Council
Source: financefeeds.com
CSI 300 ETF Option Successfully Listed on SZSE
December 25, 2019-- SZSE Takes Another Significant Step towards a World-Class Stock Exchange
On 23 December 2019, SZSE reached its new milestone of reform and development. Its first derivative instrument-CSI 300 ETF Option (object of trading: Harvest CSI 300 ETF, code: 159919) was successfully listed for trading on SZSE, representing a major breakthrough in the product system building of SZSE.
It marks the great progress made in the capital market to support Shenzhen in building a pilot demonstration area of socialism with Chinese characteristics. It marks the significant results achieved in the financial market development in the Guangdong-Hong Kong-Macao Greater Bay Area. It also marks another important step taken by SZSE to become a world-leading innovation capital formation center and a world-class stock exchange.
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Source: Shenzhen Stock Exchange
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