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
China's fund industry predicted to grow fivefold by 2025.
April 8, 2018-- China will provide the "single largest growth opportunity" for global investment managers, with the country,s mutual fund assets forecast to multiply fivefold to reach $7.5tn (Rmb47tn) by 2025
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Source: FT.com
BetaShares to launch world's lowest cost Australian shares ETF
April 6, 2018--BetaShares has announced it will launch the world's lowest cost Australian shares ETF, the BetaShares Australia 200 ETF, which will trade under the ASX under the code: A200.
A200 will give investors exposure to 200 of the largest companies listed on the ASX by market capitalisation in a single trade, with management costs of only 0.07% p.a, which is currently half the cost of the current lowest fee Australian shares ETF available on ASX.
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Source: BetaShares
Troubled crypto exchange Coincheck has been snapped up by Japan's Monex for 24m Pounds
April 6, 2018--Japanese financial services firm Monex Group today announced it will buy the troubled cryptocurrency exchange Coincheck for ¥3.6bn (£24m).
Coincheck, which Monex called a "pioneer" among cryptocurrency exchanges, suffered a $534m (£382m) hack in January.
Monex confirmed earlier this week it was interested in making a bid for the exchange,but it said it has been considering entering the crypto exchange business since last October when it launched a cryptocurrency lab.
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Source: cityam.com
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