JPMorgan Seeks Majority Stake in China Fund Management Venture
May 14, 2018--Applied for securities JV control last week, following UBS
China pledged to allow majority ownership of joint ventures
JPMorgan Chase & Co. said it plans to take a majority stake in its Chinese fund management joint venture, the second move by the U.S. bank in the past week to take advantage of Beijing's commitment to open its financial markets to foreign firms.
The New York-based bank is seeking the higher stake in Shanghai-based China International Fund Management Co.,...
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Source: Bloomberg
Vanguard launches first ETF in Hong Kong in three years
May 14, 2018--Vanguard Group (Vanguard) has launched its sixth exchange-traded fund (ETF) in Hong Kong-and its first in the city in three years-with a fund that provides investors access to major globally-listed Chinese stocks.
The Vanguard Total China Index ETF tracks the FTSE Total China Connect Index which covers 73% of Mainland stocks that are listed in Asia and the US, Vanguard says in a statement on May 10,when the ETF debuted on the Hong Kong Stock Exchange (HKEX).
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Source: asiaasset.com
JPMorgan applies to re-enter China securities market
May 11, 2018--JPMorgan Chase has applied to re-enter China's securities market with a controlling stake in a joint venture after exiting two years ago.
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Source: FT.com
China Accelerates Efforts to Create National Standards For Blockchain
May 10, 2018--The roadmap involves setting up a technical standardisation committee.
Chinese government body is preparing national standards for blockchain and distributed technologies, which will be published by the end of next year, the Economic Information Daily reports.
The roadmap involves setting up a technical standardization committee to identify key stakeholder issues and develop a priority list of standards for development to support blockchain technology.
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Source: financemagnates.com
Schroders unveils China A-shares fund
May 10, 2018--Schroders has launched a new fund that invests in onshore China A-shares through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect.
The Schroder ISF China A-Share fund will pick from the China A-shares stocks that represent a universe of over 3,500 companies with low correlation to other equity markets.
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Source: internationalinvestment.net
IMF Country Focus-Asia and the Pacific: Good Times, Uncertain Times-A Time to Prepare
May 9, 2018--Asia continues to be the main engine of the world's economy, accounting for more than 60 percent of global growth-three-quarters of which comes from China and India alone. But there are risks and challenges ahead, including from a tightening of global financial conditions, a shift toward inward-looking policies, and-over the longer run-population aging, slowing productivity growth, and the rise of the digital economy, according to the IMF's latest regional report.
The good news is that strong growth is expected to continue in the near term.
The Regional Economic Outlook: Asia and Pacific (REO) forecasts growth for Asia at 5.6 percent this year and next. The outlook is supported by strong global demand, as well as still accommodative policies and financial conditions.
view the IMF Asia and Pacific Region Regional Economic Outlook May 2018
Source: IMF
SGX reports market statistics for April 2018
May 9, 2018--Market turnover value of structured warrants and DLCs rise 44% year-on-year
SGX USD/CNH futures trade in excess of US$1 billion for 15 consecutive days for first time
Securities
Total Securities market turnover value was at S$26.7 billion, down 4% month-on-month (m-o-m) and up 24% year-on-year (y-o-y), over 21 trading days. There were 21 trading days in March 2018 and 19 in April 2017.
Securities daily average value (SDAV) was S$1.27 billion, down 4% m-o-m and up 12% y-o-y.
Market turnover value of Exchange Traded Funds (ETFs) was S$201 million, down 21% m-o-m and down 10% y-o-y.
Market turnover value of structured warrants and Daily Leveraged Certificates (DLCs) was S$1.72 billion, down 4% m-o-m and up 44% y-o-y*.
There were 2 new Catalist listings during the month, raising S$65.5 million.
There were 85 new bond listings, raising S$46.78 billion.
Total market capitalisation value of 744 listed companies stood at S$1.05 trillion as of end-April 2018.
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Source: SGX
Flow Traders Hong Kong live as Liquidity Provider and Market Maker
May 8, 2018--Flow Traders Hong Kong Limited, a wholly owned subsidiary of Flow Traders N.V. (Euronext: FLOW), announces that it is live as a designated Securities Market Maker on the Hong Kong Stock Exchange (SEHK) and a Liquidity Provider on the Hong Kong Futures Exchange (HKFE).
Flow Traders Hong Kong Limited now provides liquidity in Hong-Kong listed ETFs and futures, as a
regulated entity. "This is an important milestone for Flow Traders in the APAC ETF markets", commented Folkert Joling, Chief Trading Officer (CTrO) of Flow Traders...
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Source: Flow Traders
BetaShares launches Australia 200 ETF (ASX: A200)
May 8, 2018--We are pleased to announce the launch of the BetaShares Australia 200 ETF (ASX: A200), the world's lowest cost Australian shares ETF*.
A200 provides investors with exposure to 200 of the largest companies listed on the ASX, with a management fee of only 0.07% p.a.
A200's management fee is half that of the previous lowest-fee Australian shares ETF available on the ASX.
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Source: BetaShares
China's Xiaomi files prospectus for $10bn Hong Kong IPO
May 3, 2018--July listing intended to be 'poster child' for market's new weighted shares regime
Xiaomi on Thursday launched what is set to be one of the world's biggest initial public offerings, filing a prospectus to raise up to $10bn that gives investors their first look at the Chinese smartphone maker's financial details.
It is due to list in Hong Kong in early July.
The deal would be the biggest IPO globally since Alibaba's $25bn float in New York in 2014.
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Source: asia.nikkei.com
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