India: Accelerated Reforms Needed to Speed up Growth and Achieve High-Income Status by 2047
February 28, 2025—A new World Bank report, launched today, notes that India will need to grow by 7.8 percent on average over the next 22 years to achieve the country's aspirations of reaching high-income status by 2047.
The new India Country Economic Memorandum titled 'Becoming a High-Income Economy in a Generation', finds that this target is possible.
Recognizing India's fast pace of growth averaging 6.3 percent between 2000 and 2024[1], the report notes that India's past achievements provide the foundation for its future ambitions. Getting there however would require reforms and their implementation to be as ambitious as the target itself.
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Source: World Bank
Thailand: Selected Issues
February 20, 2025--Summary
Summary A. Introduction
1. Thailand's debt ceiling plays a central role in safeguarding fiscal prudence. Thailand has
a comprehensive set of fiscal rules to ensure fiscal responsibility and debt sustainability (Table 1).
Among these, the public debt ceiling, stipulated in the 2018 Fiscal Responsibility Act (FRA), serves as
a key anchor guiding fiscal policies.
The debt rule has a broad coverage of the public sector-encompassing debt of the general government, state-owned enterprises, government agencies, and
guaranteed debt of the special financial institutions. The Fiscal Policy Committee (FPC) determines
the level of the debt ceiling, which is currently set at 70 percent of GDP. The ceiling was raised from
60 percent of GDP in September 2021 to provide more space for COVID-19 related measures.
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Source: IMF
ETFs jump to two-thirds of all Taiwan fund assets
February 17, 2025-Growth sparks regulatory concerns about growing imbalance between passive and active investing
The rising dominance of the exchange traded funds sector in Taiwan's asset management market is continuing at pace despite regulatory calls to halt the growing imbalance between passive and active investing.
Assets in Taiwan's locally listed ETFs surged by 55 per cent in 2024 to reach $195.88bn and now account for 66.1 per cent of all onshore public funds industry assets, according to data from Keystone Intelligence.
At the end of 2023 the local ETF sector had a 56.7 per cent market share of assets, while in 2018 ETF assets stood at just 27.5 per cent of the total market.
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Source: ft.com
China explores relaxing rules to allow multi-asset ETFs
February 17, 2025-Regulator aims to achieve 'significant growth' in index-based investment
The potential moves are part of China's ongoing efforts to boost longer-term stock holdings and revive its capital markets, which in January included telling fund firms to increase their A-share holdings by at least 10 per cent annually over the next three years.
The China Securities Regulatory Commission has said in a statement that introducing multi-asset ETFs and other index products must be done "steadily and prudently", on the premise that "risks are measurable and controllable and investors are effectively protected".
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Source: ftchineselive.com
Thailand Economic Monitor February 2025: Unleashing Growth-Innovation, SMEs and Startups
February 14, 2025--Key Findings
Part A: Recent Developments and Economic Outlook
The economy is set to gain momentum in 2025, driven by stronger domestic demand and fiscal stimulus measures. Growth is projected to accelerate to 2.9 percent in 2025 up from 2.6 percent in 2024.
Tourism and private consumption will continue to be key drivers of growth, although at a slower pace.
Tourism is projected to return to pre-pandemic levels by mid-2025 with the number of tourists expected to surge to 40 million from 35.3 million in 2024.
Private consumption will benefit from fiscal stimulus measures, particularly the Digital Wallet cash transfer program. Preliminary estimates suggest that the cash transfers raised GDP growth by 0.3 percentage points in 2024. However, this comes at a high fiscal cost of THB 145 billion or 0.8 percent of GDP.
view more/a> Mirae Asset's spot gold ETF tops $2.5b in net assets view more CTBC Launches CTBC U.S. Innovation Technology ETF, Tracking the Solactive U.S. Innovation Technology Index
view more IMF-Republic of Korea: 2024 Article IV Consultation, Press Release; Staff Report; and Statement by the Executive Director for the Republic of Korea view more India's economy likely to grow 6.3%-6.8% in 2025/26, government report says
The projection was part of the annual Economic Survey, which was presented in parliament by Finance Minister Nirmala Sitharaman, ahead of the annual budget on Saturday.
view more Hong Kong to open door to first single-stock leveraged ETFs in Asia view more
Source: worldbank.org
February 13, 2025--The spot gold exchange-traded fund operated by Global X Australia has garnered over $2.5 billion (3.6 trillion won) in net assets, backed by rising demand for the safe-haven precious metal, Mirae Asset Global Investments announced Wednesday.
Global X Physical Gold is a spot gold ETF operated by Global X Australia under South Korea's leading asset manager, Mirae Asset Global Investments. Launched in 2003 by then-ETF Securities, the fund was the first ETF tied to the gold spot price.
Source: koreaherald.com
February 11, 2025--Solactive is proud to announce its first collaboration with CTBC Investments, launching the CTBC U.S. Innovation Technology ETF that tracks the Solactive U.S. Innovation Technology Index. This innovation-focused index is designed to capture the performance of 50 leading U.S. technology companies, targeting advancement, resilience, and long-term growth in the rapidly evolving tech sector.
US technology leaders like Apple and Amazon have often demonstrated high market shares and strong operating margins, indicating efficient business models and pricing power. In addition to massive investments and resources in Research & Development (R&D), it allows the tech giants to maintain significant competitive advantages compared to other market players, further strengthening their market positions and continuously creating new revenue streams. With global technological advancements accelerating, this index aims to offer investors an opportunity to gain strategic exposure to companies driving innovation in key areas such as software, hardware, and next-generation technologies.
Source: Solactive AG
February 7, 2025--Summary
The Korean economy has remained resilient against multiple shocks. Economic growth has recovered, inflation has steadily declined, and financial stability risks have decreased.
However, downside risks have increased amid high uncertainty from policy shifts in major trading partners and recent domestic political developments.cies.
Key medium-term challenges are to boost the growth potential amidst rapid population aging, and to adapt to shifting trade patterns, transformative technological change, and climate vulnerabilities.
Source: IMF
January 31, 2025--The forecast suggests economic conditions will remain sluggish next year. Growth is expected to slip to 6.4% in the current financial year-the slowest in four years-from 8.2% last year
India's economy is projected to grow 6.3%-6.8% in the next fiscal year that starts April 1, a finance ministry report showed on Friday, suggesting economic conditions will remain sluggish with growth set to sag to a four-year low this year.
Source: zawya.com
January 31, 2025--Managers will be allowed to launch leveraged and inverse ETFs tracking single stocks overseas
Hong Kong's securities regulator has announced that asset managers will be permitted to launch leveraged and inverse exchange traded funds tracking single stocks overseas, as well as defined outcome listed structured funds.
The Securities and Futures Commission said in a circular that single stock leveraged and inverse ETFs and defined outcome listed structured funds had become "increasingly popular in overseas markets".
Source: ft.com
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