New tax break makes it more attractive for Chinese companies to repatriate overseas profits
January 3, 2018--Beijing seeks global competitive edge with measures that encourage repatriation of profits by domestic companies and foreign firms to keep earnings in the country.
China's finance ministry and the country's top tax body announced late on Tuesday that domestic companies repatriating overseas profits would be allowed more leeway to deduct taxes paid abroad from their taxable incomes.
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Source: South China Morning Post
Launch of ETF Connect expected in second half of 2018, Hong Kong bankers' seminar hears
January 3, 2018--ETF Connect, which will allow international and mainland investors to trade in exchange-traded fund products listed on bourses in Hong Kong, Shanghai and Shenzhen, is expected to launched in the second half of this year, according to bankers involved in the city's connect programmes.
Connect to focus on trade in plain ETF products initially as mainland investors are not familiar with more complicated offerings.
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Source: South China Morning Post
Sebi unveils reforms for bourses, FPIs; to act on leaks at cos
December 28, 2017--In a slew of reforms, regulator Sebi today announced easier access norms for foreign investors, approved integration of stocks and commodities trading on a single exchange and capped cross-holdings in rating agencies as well as mutual funds to safeguard investors' interest.
Sebi also issued a stern warning to insiders at listed firms against leakage of key financial details and said it is probing a number of companies and other entities and no one, including auditors, would be spared for such wrongdoings and the insider trading norms would be strengthened if required.
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Source: The Times of India
Sebi unveils reforms for bourses, FPIs; to act on leaks at cos
December 28, 2017-- In a slew of reforms, regulator Sebi today announced easier access norms for foreign investors, approved integration of stocks and commodities trading on a single exchange and capped cross-holdings in rating agencies as well as mutual funds to safeguard investors' interest.
Sebi also issued a stern warning to insiders at listed firms against leakage of key financial details and said it is probing a number of companies and other entities and no one, including auditors, would be spared for such wrongdoings and the insider trading norms would be strengthened if required.
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Source: The Times of India
SZSE Sina Big Data 100 Index Released
December 26, 2017--On 22th December, 2017, SZSE Sina Big Data 100 Index (Abbreviation: Sina 100, Code: 399297) was released on Shenzhen Stock Exchange ("SZSE"). It was designed for reflecting the performance of public opinion big data investment strategy in securities market, enriching index investment targets and promoting the development and innovation of index.
Co-developed by Shenzhen Securities Information Co., Ltd. ("SSIC") and Beijing Sina Internet Information Service Co., Ltd. ("Sina") jointly, Sina 100 Index will be promoted in the global market in cooperation with Euronext. The index takes 31st December, 2013 as the base date and 1000 point as the base point. As statistics showed, from the base date to 30th November 2017, the index’s accumulative yield was 234%, outperforming the market base point, demonstrating the effectiveness of analysis using public opinion big data strategy. Via digging internet big data information and value, factor model was constructed for Sina 100 Index.
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Source: Shenzhen Stock Exchange (SZSE)
Cboe Global Markets Recognized as Designated Listing Exchange in Japan for U.S. Equities
December 22, 2017--Japanese Financial Services Authority's approval of Cboe, including Cboe BZX U.S. Equities Exchange, expected to expand Japanese investors' access to all U.S.-listed securities.
Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE) today announced the Japanese Financial Services Authority (JFSA) has added Cboe Global Markets-U.S. Equities to the regulator's list of Designated Foreign Financial Instrument Exchanges.
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Source: Cboe Global Markets
Japan's new rules on high-frequency trade set for April
December 21, 2017--Exchange operator and government watchdog both keeping a closer eye
The Japan Exchange Group will impose new rules on high-frequency trading in April to make the market more transparent, as well as to reduce price volatility and prevent market manipulation.
HFT companies use computer algorithms to automatically place thousands of orders a second.
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Source: Nikkei Asian Review
ETFGI reports record year for ETFs and ETPs listed in Asia Pacific ex-Japan with greatest ever annual increase in invested assets of 34.8 billion US dollars during first 11 months of 2017
December 21, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Asia Pacific (ex-Japan) increased by a record US$34.8 billion during the first 11 months of 2017, the greatest annual increase on record, to reach a new high of US$164 billion at the end of November.
According to ETFGI's November 2017 Asia Pacific (ex-Japan) ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs and ETPs increased by 26.9%, from $130 Bn at the end of 2016. With one month of 2017 still to go the increase of $34.8 Bn almost trebled growth of $12.5 Bn for the whole of 2016, and eclipsed the previous record of $31.8 Bn for the whole of 2012.
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Source: ETFGI
ETFGI reports record year for ETFs and ETPs listed in Japan with over 50 percent increase in invested assets during first 11 months of 2017
December 21, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Japan increased by over 50% during the first 11 months of 2017 to reach a new high of US$269 billion at the end of November.
According to ETFGI's November 2017 Japan ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in ETFs/ETPs grew by 55.4% during the first 11 months of 2017, from $84.6 Bn at the end of 2016. With one month of 2017 still to go the increase of $96.0 Bn represented the greatest absolute annual increase on record, more than doubing the previous record of US$46.8 Bn set for the whole of 2015.
If the trend continues through December, 2017 is also on track to see the greatest percentage increase in assets since initial growth in use of ETFs in Japan in the early 2000s.
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Source: ETFGI
IMF Staff Country Report-India: Financial System Stability Assessment
December 21, 2017-Summary:
Against the backdrop of important structural reforms and terms of trade gains, India recorded strong growth in recent years in both economic activity and financial assets. Increased diversification, commercial orientation, and technology-driven inclusion have supported growth in the financial industry, backed by improved legal, regulatory, and supervisory frameworks.
Yet, the financial sector is grappling with significant challenges, and growth has recently slowed. High nonperforming assets (NPAs) and slow deleveraging and repair of corporate balance sheets are testing the resilience of the banking system and holding back investment and growth.
view the IMF Staff Country Report-India: Financial System Stability Assessment
Source: IMF
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