China to ease regulations on QFII, RQFII to expand foreign capital investment scope -regulator
August 8, 2018--China to ease regulations on QFII, RQFII to expand foreign capital investment scope-regulator.
China Securities Regulatory Commission (CSRC) also said on its website it will support an increase in the proportion of A-shares in the MSCI index and improve rules on share view more
Source: Reuters
SGX reports market statistics for July 2018
August 8, 2018--4 lPOs in July raised S$143.3 million, highest number of listings in a month in 2018.
Forward Freight Derivatives volume triples year-on-year to 99,098 as clearing market share rises to over 60%.
Securities
Total Securities market turnover value was at S$24.6 billion, up 1% month-on-month (m-o-m) and down 4% year-on-year (y-o-y), over 22 trading days. There were 20 trading days in June 2018 and 21 in July 2017.
Securities daily average value (SDAV) was S$1.12 billion, down 8% m-o-m and down 8% y-o-y.
Market turnover value of Exchange Traded Funds (ETFs) was S$187 million, down 19% m-o-m and down 28% y-o-y.
Market turnover value of structured warrants and Daily Leveraged Certificates (DLCs) was S$2.33 billion, up 36% m-o-m and up 70% y-o-y.
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Source: SGX
India's Strong Economy Continues to Lead Global Growth
August 8, 2018--India's economy is picking up and growth prospects look bright-partly thanks to the implementation of recent policies, such as the nationwide goods and services tax. As one of the world's fastest-growing economies-accounting for about 15 percent of global growth-India's economy has helped to lift millions out of poverty.
But to sustain rapid growth and raise incomes for the country's 1.3 billion people, India will need to build on the success of its reforms, the IMF said in its annual assessment of the Indian economy.
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Source: IMF
Renminbi resumes decline as Chinese stocks fall
August 6, 2018--Growing trade war with US and monetary policy divergence with Fed blamed for drop.
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Source: FT.com
Premia Partners launches world's first Asia Innovative Technology and Emerging ASEAN Titans ETFs capturing opportunities across growth economies and technology-enabled sectors in Asia
August 5, 2018--Premia Partners, the Hong Kong-based investment firm that focuses on ETFs and smart beta solutions, announces the launch of two thematic ETFs designed to provide investors with diversified exposure to growth economies and growth sectors in Asia.
The two HKEX listed ETFs both have a total expense ratio of 0.50% and are physically replicated.
Premia Asia Innovative Technology ETF (Tickers: 3181 HK / 9181 HK) tracks the Premia FactSet Asia Innovative Technology Index, which aims to capture 50 leading Asia-based companies engaged in emerging and disruptive solutions across technology-enabled sectors of digital transformation, healthcare & life sciences, and robotics & automation.
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Source: Premia Partners Company Limited
18-222MR ASIC updates guidance for funds management industry
July 31, 2018--ASIC has released a suite of seven new and updated regulatory guides to provide comprehensive guidance to the funds management industry. The guidance has been updated for changes arising from the Asia Region Funds Passport and brings all of ASIC's funds management policies up to date to help promote industry-wide consistency.
The updates are designed to help the funds management industry to access the Asia Region Funds Passport. The passport is designed to provide investors with access to funds from participating economies throughout the Asia region.
The new and updated regulatory guides are:
Regulatory Guide 131 Funds management: Establishing and registering a fund (RG 131)
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Source: ASIC
ETFGI reports assets invested in ETFs and ETPs listed in Asia Pacific (ex-Japan) decreased by 4.53% during June 2018
July 31, 2018--The largest monthly decrease since January 2016 which had a decrease of 9.03%
ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Asia Pacific (ex-Japan) decreased to US$176 billion at the end of June 2018.
Assets decreased 4.53% from US$184 billion at the end of May, the largest monthly decrease since January 2016 which had a decrease of 9.03%. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in ETFs/ETPs listed in Asia Pacific (ex-Japan) decreased by 4.53% during June 2018 to $176 Bn.
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Source: ETFGI
S.Korea to impose capital gains tax on all stock derivatives
July 30, 2018--South Korea will expand capital gains taxes to cover all stock price index options and futures transactions as part of changes to tax codes following an annual review, the finance ministry said on Monday.
The move, set to kick in from April, comes as Asia's fourth-largest economy pushes to boost tax revenue to bolster fiscal spending in the face of a rapidly aging population.
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Source: Reuters
The World's Fastest-Growing Economy Looks Like It's Got Momentum
July 29, 2018--New orders picked up in June as bank loan disbursals grew
Growth recovery to push inflation higher, may prompt rate hike
The world's fastest growing major economy is showing signs of a recovery in animal spirits, suggesting India's mid-term outlook can weather global trade tensions and emerging market strains.
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Source: Bloomberg
IMF Staff Country Reports-Singapore: 2018 Article IV Consultation
July 27, 2018--Summary:
Singapore's economy is on a strong cyclical upswing. Economic growth has recovered to a three-year high, led by externally-oriented sectors that benefitted from the synchronized global expansion. Economic momentum is becoming more broad-based, helping to reduce the labor market slack.
Growth is expected at or above the potential rate in the near term, increasingly supported by domestic demand. Inflation is subdued but expected to rise modestly. The current account surplus, as a share of GDP, has remained large. Risks to the near-term outlook are broadly balanced and come mainly from external sources. Over the medium term, the structural transformation aimed to prepare Singapore for challenges from technological changes globally and population aging at home should help support higher productivity.
view the IMF Staff Country Reports-Singapore: 2018 Article IV Consultation
Source: IMF