IBF-MAS study identifies skills for more competitive financial sector workforce
April 23, 2019--A study1 commissioned by the Institute of Banking and Finance Singapore (IBF) and the Monetary Authority of Singapore (MAS) has set out how data analytics and automation are likely to augment or transform 121 job roles in Singapore's financial sector over the next 3 to 5 years.
The study, conducted by Ernst & Young over the last nine months and released today by Minister for Manpower, Mrs Josephine Teo, also identified the skills necessary to perform the new tasks enabled by data analytics and automation.
The impact of data analytics and automation on manpower in the Singapore financial sector
The IBF-MAS study found that about half of the 121 job roles analysed would be augmented as individuals leverage these technologies to amplify their performance. Another one third of job roles would be transformed, as technology substitutes a significant proportion of job tasks, and remaining tasks across synergistic job roles converge into new roles. Across all job roles, individuals would be required to take on new or expanded tasks that have a higher element of judgement and creativity, while tasks of a more repetitive and rules-based nature are automated. view more
Source: Monetary Authority of Singapore (MAS)
Establishment of Japan-China ETF Connectivity
April 22, 2019-Japan Exchange Group, Inc. (JPX) and Shanghai Stock Exchange (SSE) will establish "Japan-China ETF Connectivity", a scheme for creating ETFs that link the ETF markets of both exchanges.
Aimed at increasing opportunities for cross-border investment between the Chinese and Japanese securities markets, this scheme is the result of negotiations with the authorities and market participants based on the Memorandum of Understanding concluded between the two exchanges in October 2018. Please see the Appendix for an outline of the scheme.
Under this scheme, a Japanese or Chinese ETF provider will be able to develop a feeder ETF that mainly invests in the counterparty's ETF after additionally obtaining special investment quota* for this scheme from the State Administration of Foreign Exchange of China.
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Source: jpx.co.jp
China further relaxes rules for index futures trading
April 19, 2019--China's financial futures exchange said on Friday it was further relaxing index futures trading rules,reducing margin requirements, cutting fees and allowing more trading activities.
The China Financial Futures Exchange said in a statement the rule change, which will take effect on April 22, is aimed at meeting investors' risk-hedging needs and will help introduce more long-term capital into the market.
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Source: Reuters
China's economic growth steady amid tariff fight with US
April 17, 2019--China's economic growth held steady in the latest quarter despite a tariff war with Washington as Beijing's efforts to reverse a slowdown started to gain traction.
The world's second-largest economy expanded by 6.4% over a year before in the three months ending in March, the government reported Wednesday. That matched the previous quarter for the weakest growth since 2009.
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Source: AP
2018 SSE Social Responsibility Report Released Today
April 17, 2019--The Shanghai Stock Exchange (the SSE) will continue to shoulder its social responsibility in words and in deeds.
Shifting the real economy from the high-speed growth to the high-quality development and orienting its duties to the services for the national strategies and the real economy, the SSE fulfils social responsibility for green development by orienting the real economy to the upgraded quality, efficiency, fairness and sustainability on the basis of supporting the supply-side structural reform.
The "2018 SSE Social Responsibility Report" (the Report for short) released today, or rather, the second of its kind by the SSE, aims to publicize its social responsibility strategy and relevant practices. As one of the major measures on comprehensively boosting the innovation and development of green finance, the SSE has established a team to promote green finance and sustainable development and issued the "SSE Vision and Action Plan for Serving Green Development and Promoting Green Finance (2018-2020)".
The Report shows that in 2018, the SSE made some achievements in fulfilling its duties for the economy, the environment and the society and fueling the growth of green finance. Firstly, SSE took its initiative to better serve the real economy with active financial capital by giving full play to the functions and advantages of the capital market in terms of price discovery, accommodation of funds, resources allocation and risk sharing.
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Source: The Shanghai Stock Exchange (SSE)
BBH Survey: ETF Investors in Greater China are set to Increase their ETF Allocation in 2019
April 15, 2019--Brown Brothers Harriman's ETF survey also finds 70% of US and European ETF investors plan to invest in the China capital markets this year.
Brown Brothers Harriman & Co. (BBH), a market leading ETF custodian and administrator, in partnership with ETF.com, a leading independent authority on exchange-traded funds, today announced the results of BBH’s second annual survey of ETF investors in Greater China. The findings suggest continued maturation and growth of the ETF market across the region with increasing investor demand for more innovative ETF strategies.
Among the notable findings in this year's survey, 63% of Greater China ETF investors surveyed plan to increase their ETF investment allocations in the next year. When looking solely at Mainland China, that number jumps to 77% from 43% in BBH's 2018 survey.
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Source: Brown Brothers Harriman
Singapore's GDP growth slows to 1.3% in Q1: MTI advance estimates
April 12, 2019--The Singapore economy grew 1.3 per cent year-on year in the first quarter of 2019, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Friday (Apr 12).
The official estimate marked a slowdown from 1.9 per cent in the previous quarter, and came in below the expectations of 1.4 per cent in a Bloomberg poll.
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Source: channelnewsasia.com
China local governments flood market with $179bn in bonds
April 12, 2019--The efforts come as China faces its slowest rate of economic growth in almost three decades. Small banks around the country are grappling with unprecedented levels of bad debt and a record number of local government companies have experienced defaults.
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Source: FT.com
Australian Multi Factor
April 12, 2019---Vanguard Australia Multi factorVanguard Australia is punching another notch into its actively managed belt, listing Australia's first multi-factor global ETF.
The Vanguard Global Multi-factor Active ETF (Managed Fund) (VGMF) will hold a basket of global shares and attempt to outperform its market weighted counterparts. It will do so by targeting three factors: value, quality and momentum.
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Source: ultumus.com
BetaShares Australian ETF Review-March 2019
April 10, 2019--AUSSIE! AUSSIE! AUSSIE!
The Australian ETF industry finished the first quarter strongly, recording 13% growth for the quarter to reach a fresh high
The industry ended March at a record $46.1B, with its market cap increasing by 2.9% (+$1.3B) over the month
Trading activity was also very strong, with the monthly trading level of $3.6B being the second highest on record (October 2018, or "Shock-tober", remains the month with the highest trading level at $3.9B)
The majority of the industry's growth this month (60%) came from net new money of ˜ $760m, with the remainder coming from continued asset value appreciation as markets rallied
No new products were launched this month, in what has been one of the quietest quarters for some time in terms of product development.
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Source: BetaShares
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