Success of China's Belt & Road Initiative Depends on Deep Policy Reforms, Study Finds
June 18, 2019--Millions Could Be Lifted Out of Poverty, But Countries Face Significant Risks
China's Belt and Road Initiative (BRI) could speed up economic development and reduce poverty for dozens of developing countries-but it must be accompanied by deep policy reforms that increase transparency, improve debt sustainability, and mitigate environmental, social, and corruption risks, a new World Bank Group study on the BRI transportation corridors has found.
Through independent, empirical analysis, the Belt and Road Economics study is designed to help policymakers in developing countries weigh the potential benefits and risks of participating in BRI projects.
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30th Anniversary of Launch of Stock Index Options in Japan view more
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Chinese Brokerage's $2 Billion Offering Kick-Starts Stock Link With London
The Shanghai-London Stock Connect aims to make Chinese shares available to British investors, and vice versa. A planned launch in December was postponed because of Brexit uncertainty and other problems, people familiar with the matter said at the time.
view more BetaShares launches the BetaShares Legg Mason Emerging Markets Fund (managed fund) (ASX: EMMG)
Emerging markets are leading global expansion, with growth underpinned by strong secular trends such as a fast-growing middle class, urbanisation, digitisation and social reform. Emerging economies are also at the forefront of the global technology revolution.
view more GDP growth overestimated during 2011-12 and 2016-17: Arvind Subramanian Arvind Subramanian has just stirred the proverbial hornet's nest. In his latest research paper, the former chief economic advisor said India's GDP growth between 2011-12 and 2016-17 was probably bumped up by about 2.5 per cent. view more Japan's Economy Set to Shrink in Second Quarter, Top Forecaster Says view more Bassanese Bites: Bad news is good news
But fear not-the big story right now is not the trade war, but the Fed's likely reaction to it-with even Fed chair Powell recently hinting he's open to an interest rate cut if need be. In a classic case of "bad news is good news"' Friday's weaker than expected employment report saw stocks lift on heightened rate cut hopes. view more ASX-Investment Products Monthly Update-May 2019
ETMF (Exchange Traded Managed Funds)
view more Wall Street Firms Pushing Into China Will Face Bigger Rivals
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June 17, 2019--China's Treasury holdings fell to their lowest level in two years in April, heightening concerns about the impact of the Sino-American trade war.
Source: FT.com
June 12, 2019--This year marks the 30th anniversary of the launch of stock index options in Japan.(*1)
Over the past 30 years, as well as providing a diverse range of investment opportunities along with futures, options have provided an efficient risk avoidance tool for investors as a product with greater suitability for hedging.
Osaka Exchange will continue to contribute to the development of Japan's market through further expansion of our derivatives offering.
Source: jpx.co.jp
June 12, 2019--U.S. trade tensions have given Beijing more incentive to roll out the long-planned program after months of delay.
Chinese brokerage Huatai Securities Co. plans to raise as much as $2 billion selling London-listed share-backed instruments this week, reviving a delayed financial link between China and the U.K.
Source: Wall Street Journal
June 12, 2019--BetaShares has launched the BetaShares Legg Mason Emerging Markets Fund (managed fund) (ASX: EMMG).
BetaShares Legg Mason Emerging Markets Fund (managed fund) (ASX:EMMG) enables you to easily tap into the growth opportunity emerging markets offer.
The fund holds an actively managed, diversified portfolio of emerging market companies.
Source: BetaShares
June 11, 2019--Instead of the reported growth of 7%, actual growth was likely between 3.5% and 5.5%, says Subramanian
Instead of the reported growth of 6.9% between 2011 and 2016, actual growth was more likely to have been between 3.5% and 5.5%, says Subramanian.
Source: economictimes.indiatimes.com
June 10, 2019--Japan's economy is set to contract in the current quarter following growth that was better than first estimated in the first three months of the year, according to one of the country's top economic forecasters.
Gross domestic product is likely to shrink by 0.5% in the second quarter, Yoshiki Shinke, chief economist at Dai-Ichi Life Research, said in a note, adding that the economy was currently in poor shape despite the expansion at the start of the year.
Source: Bloomberg
June 10, 2019--Global Round Up
Global equities rebounded strongly last week, reflecting ongoing hopes of a US interest rate cut and signs that US trade tensions with Mexico at least would soon be resolved. And sure enough, Trump suspended planned tariffs on Mexico overnight following an apparent agreement to tackle illegal immigration. Sadly, the situation with Trump's bigger sparring partner, China, remains unresolved.
Trump yesterday threatened new tariffs if a deal with China could not be worked out at the June 28-29 G-20 meeting, though as yet President Xi Jinping hasn't even confirmed if he’ll bother to attend.
Source: BetaShares
June 10, 2019--ASX Investment Products Monthly Update - May 2019
June 10, 2019--Over the month of May 2019, total Assets Under Management of Investment Products increased from $307.05bn to $314.77bn (up 2.5%).
The month of April 2019 saw growth in Assets Under Management for ETPs (up 1.5%), mFunds (up 0.7%), LICs & LITs (up 1.3%), AREITs (up 3.5%) and Infrastructure Funds (up 2.1%).
In the month of May 2019, ASX welcomed 3 new Investment Products:
AREIT (Australian Real Estate Investment Trust).
Investec Australia Property Fund (ASX: IAP) admitted on 28 May 2019
eInvest Future Impact Small Caps Fund (Managed Fund) (ASX: IMPQ) admitted on 23 May 2019
LICs/LITs (Listed Investment Companies/Listed Investment Trusts)
Perpetual Credit Income Trust (ASX: PCI) admitted on 14 May 20.
Source: ASX
June 10, 2019--Almost a quarter of local brokerages lost money in 2018
Government has been allowing majority stakes by foreign firms
As Wall Street firms start taking control of their operations in China, they may find the competitive landscape facing them shifting significantly over the next few years.
The financial-market internationalization that opened the door for companies from JPMorgan Chase & Co. to UBS Group AG to become majority owners of local securities joint ventures has also set the stage for a more ominous change: a state-encouraged wave of consolidation among China’s 131 securities firms, which between them earned slightly less than Goldman Sachs Group Inc. last year.
Source: Bloomberg