China's economic growth slowest since 1990 amid trade war with US
January 25, 2019--Fears China may not be able to help shore up weakening global growth as GDP figures are slowest nation has reported in 28 years
China's economy grew 6.6% in 2018, its slowest pace in almost 30 years, confirming a slowdown in the world's second largest economy that could threaten global growth.
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Source: theguardian.com
Hang Seng Indexes Licenses CCB Principal to Use Hang Seng China Enterprises Index as Basis for ETF
January 21, 2019--Hang Seng Indexes Company Limited ('Hang Seng Indexes') has licensed the Hang Seng
China Enterprises Index ('HSCEI') to CCB Principal Asset Management Co., Ltd. ('CCB
Principal') to serve as the underlying index for the creation of an exchange-traded fund ('ETF').
The ETF was listed on the Shanghai Stock Exchange on 21 January 2019.
Comprised of large-cap mainland China enterprises listed in Hong Kong, the HSCEI is a
barometer of the China market in Hong Kong. The HSCEI has 50 constituents: 40 H-shares
and 10 Red-chips and P-chips.
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Source: Hang Seng Indexes Company Limited
Launch of Hang Seng SCHK Mainland China Healthcare Index
January 21, 2019--Hang Seng Indexes Company Limited ("Hang Seng Indexes") today launched the Hang Seng
SCHK Mainland China Healthcare Index ("HSSCHI").
The HSSCHI reflects the performance of mainland China companies in the healthcare sector
that are listed in Hong Kong and are eligible for trading via the southbound trading link of the
Stock Connect Scheme. Such companies are defined as Hong Kong-listed companies with at
least 50% of their sales revenue (or profits or assets if relevant) derived from the Mainland.
Companies in the healthcare sector include companies working in areas of medical devices,
pharmaceuticals, biotechnology, and medical & aesthetic services.
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Source: Hang Seng Indexes Company Limited
SET joins hands with MSCI to promote sustainable investment
January 21, 2019--The Stock Exchange of Thailand (SET) has joined MSCI Inc. in organizing "Thailand Sustainable Investment"-an exclusive seminar for executives of listed companies, securities companies and asset management companies as a boost to capitalize on opportunities in sustainable investing and how to becoming MSCI ESG Index constituents to attract more global investors to Thailand.
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Source: thailand4.com
China's 2018 economic growth sinks to 3--decade low
January 20, 2019--China's 2018 economic growth fell to a three-decade low, adding to pressure on Beijing to settle a tariff war with Washington.
The world's second-largest economy expanded by 6.6 percent over a year earlier, down from 2017's 6.9 percent, official data showed Monday.
Growth in the three months ending in December dipped to 6.4 percent-the lowest quarterly level since the 2008 global crisis-from the previous quarter's 6.5 percent.
Communist leaders are trying to steer China to slower, more self-sustaining growth based on consumer spending instead of trade and investment.
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Source: AP
China revises down 2017 GDP growth to 6.8% vs 6.9% previously
January 18, 2019--China's statistics bureau said on Friday that it has revised down the country's 2017 gross domestic product (GDP) growth to 6.8 per cent from 6.9 per cent previously.
The size of the GDP was also revised down from 82.7 trillion yuan (S$16.54 trillion) to 82.1 trillion yuan, the statistics bureau said in a statement on its website.
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Source: businesstimes.com.sg
China central bank's record $83 billion injection heightens worries over ailing economy
January 18, 2019--China's central bank injected a record $83 billion into the country's financial system on Wednesday, seeking to avoid a cash crunch that would put further pressure on the weakening economy.
China's policymakers are pledging to step up stimulus measures this year and do more to protect jobs as economic growth cools to 28-year lows.
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Source: Reuters
IMF Working Paper-China's Digital Economy: Opportunities and Risks
January 17, 2019--Summary:
China's digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower than in advanced economies, digitalization is already high in certain regions and sectors, in particular e-commerce and fintech, and costal regions.
Such transformation has boosted productivity growth, with varying impact on employment across sectors. Going forward, digitalization will continue to reshape the Chinese economy by improving efficiency, softening though not reversing, the downward trend of potential growth as the economy matures. The government should play a vital role in maximizing the benefits of digitalization while minimizing related risks, such as potential labor disruption, privacy infringement, emerging oligopolies, and financial risks.
view the IMF Working Paper-China's Digital Economy: Opportunities and Risks
Source: IMF
China fourth-quarter growth seen dipping to 6.4 percent as domestic, export demand cools-Reuters poll
January 17, 2019--China's fourth-quarter economic growth likely slowed to the weakest pace since the global financial crisis, a Reuters poll showed, as demand faltered at home and abroad amid a bitter trade dispute with the United States.
Analysts polled by Reuters expect the world's second-largest economy to have grown 6.4 percent in the October-December quarter from a year earlier, slowing from the previous quarter's 6.5 percent pace and matching levels last seen in early 2009.
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Source: euronews.com
Thailand's Human Capital Key to Long-Term Growth and Reduced Inequality, World Bank Says
January 16, 2019-Amid a global slowdown and elevated trade tensions, the Thai economy is projected to grow by 3.8 percent in 2019 and 3.9 in 2020, according to the World Bank's Thailand Economic Monitor released today.
Investing in human capital and pursuing economic reforms is critically important for Thailand to become a high-income nation with equal opportunities for all citizens.
In 2018, despite external shocks to trade and tourism, growth of the Thai economy is estimated to have accelerated to 4.1 percent, the report says.
view the
Thailand Economic Monitor Executive Summary-January 2019 Issue
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Source: World Bank