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Brown Brothers Harriman Supports CICC's Pioneering Hong Kong ETF
April 12, 2018--Brown Brothers Harriman & Co. (BBH) today announced its appointment as the custodian and administrator for the new ETF domiciled in Hong Kong launched by China International Capital Corporation (CICC) and Krane Funds Advisors, LLC (KraneShares).
Brown Brothers Harriman Trustee Services (Hong Kong) Limited serves as trustee and registrar.
An extension of CICC KraneShares' flagship U.S. listed ETF, the CICC KraneShares CSI China Internet Index ETF, is focused on investing in internet technology companies based in China and listed overseas.
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Source: publicnow.com
Growth Prospects for Developing East Asia and Pacific Remain Strong but Risks Need Attention, World Bank Says
April 12, 2018-- Growth in developing East Asia and Pacific (EAP) is expected to remain strong and reach 6.3 percent in 2018, according to the latest World Bank economic report on the region.
Prospects for a continued broad-based global recovery and robust domestic demand underpin this positive outlook. Still, emerging risks to stability and sustained growth require close attention.
Enhancing Potential, the April 2018 edition of the World Bank East Asia and Pacific Economic Update released today, underscores that even with favorable prospects, policy makers in the region will be well advised to recognize and address emerging challenges.
view the World Bank East Asia and Pacific Economic Update, April 2018: Enhancing Potential report
Source: World Bank
HKEX Welcomes its First ETF on Chinese Internet Companies
April 10, 2018--Index for new ETF includes shares of Mainland enterprises listed in Hong Kong and US
HKEX now has 107 ETFs listed in its securities market
Hong Kong Exchanges and Clearing Limited (HKEX) on Tuesday welcomed the listing of the CICC KraneShares CSI China Internet Index ETF, the first Hong Kong-listed Exchange Traded Fund, or ETF, focused on tracking Mainland Chinese Internet companies.
The underlying index of the ETF is the CSI Overseas China Internet Index, consisting of Mainland China-based companies listed in the US or Hong Kong whose primary business or businesses are related to Internet and Internet-related technology.
The new listing is the second Internet or technology-based ETF listed in Hong Kong, and also marks the first Hong Kong listing for US-based Krane Funds Advisors, LLC, a specialist in China-focused ETFs.
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Source: Hong Kong Exchanges and Clearing Limited (HKEX)
CESC Licenses HuaAn Fund Management to Use CES Stock Connect Hong Kong Select 100 Index for SSE-listed ETF
April 10, 2018--China Exchanges Services Company Limited (CESC) has licensed its CES Stock Connect Hong Kong Select 100 Index (CES SCHK100) to HuaAn Fund Management Co, Ltd
(HuaAn Fund) to serve as the underlying index for the HuaAn CES Stock Connect Hong
Kong Select 100 ETF (HuaAn CES100 ETF) that will be listed on the Shanghai Stock
Exchange (SSE) in mid-May.
The CES SCHK100 is comprised of the top 100 Hong Kong-listed stocks by market
capitalization eligible for Southbound Trading under Stock Connect, the mutual market access programme of the stock exchanges in Hong Kong, Shanghai and Shenzhen, excluding dual-listed A+H share companies.
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Source: China Exchanges Services Company Limited
BetaShares Australian ETF Review-March 2018
April 10, 2018--Positive inflows not enough to stop industry dip
With both Australian and Global equity markets falling significantly for the second month in a row, continued positive net inflows were not sufficient to stop the industry from declining -ending a 13 month run of positive growth.
Net new money for the industry was positive at $481m, but due to the extent of asset depreciation the industry actually fell in value.
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Source: BetaShares
China pledges to allow more foreign investment in financial sector by year-end
April 10, 2018--China laid out a clearer timetable on Wednesday for opening its financial sector to more foreign investment by the end of 2018, as Beijing looks to fend off growing criticism from the United States and other trading partners that it unfairly limits competition.
People's Bank of China (PBOC) Governor Yi Gang said China will allow foreign firms to compete on an equal footing with domestic companies in the financial sector, giving foreign banks more business scope in the country.
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Source: Reuters
China raises mainland-Hong Kong stock connect daily quotas
April 10, 2018--China's securities regulator has said the daily quota for trading schemes linking Shanghai and Shenzhen with Hong Kong will be increased from May 1.
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Source: FT.com
CICC KraneShares CSI China Internet Index ETF Lists on the SEHK
April 9, 2018--China International Capital Corporation Limited (CICC), one of China's leading investment banking and financial services firms, and Krane Funds Advisors, LLC (KraneShares) announced today the launch of their first fund together, listed on the Stock Exchange of Hong Kong (SEHK).
"CICC is seeing considerable client interest and demand for a China-focused Internet ETF in the Asia market", said Lin Ning, Managing Director of China International Capital Corporation Hong Kong Asset Management Limited, the Manager of the CICC KraneShares CSI China Internet Index ETF. "We are excited to launch this innovative ETF on the SEHK".
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Source: China International Capital Corporation Limited
Thailand: Economic and social progress has been remarkable but structural change is needed to create more quality jobs and overcome regional imbalances, according to new OECD report
April 9, 2018--Thailand has made impressive economic and social progress over the past several decades, but must now take further steps to transform its economy and ensure that prosperity is shared more equally across the country, according to a new report from the Organisation for Economic Co-operation and Development.
The Initial Assessment of the Multidimensional Review of Thailand highlights how sustained, strong growth and a rapidly modernising economy have turned Thailand into an upper-middle income country. Poverty has plummeted from 60% in 1990 to 7% today, while education and health services have considerably expanded and improved, fueling the country's ambitions to become a high-income country by 2036.
view the Multi-Dimensional Review of Thailand (Volume 1)
Source: OECD
Thailand Expected to Post 4.1% Growth in 2018-Best Economic Performance Since 2012
April 9, 2018--Breakthrough innovation can expand new industries, create jobs, and raise incomes
Thailand's economy is expected to grow by 4.1 percent in 2018, the fastest pace since 2012, says the latest edition of the World Bank's Thailand Economic Monitor.
Thailand's economic recovery is broadening in 2018. While rapid export growth continues fueling the economy, an increase in capacity utilization and acceleration in capital goods imports suggest a nascent domestic demand recovery as well. Regulatory reforms and overall policy stability are contributing to continuing improvements in business sentiment.
view the World Bank-Thailand Economic Monitor-April 2018 : Beyond the Innovation Paradox
Source: World Bank