Asia ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Option2Trade Becomes Attractive Hong Kong Set to Approve First Spot Bitcoin (BTC) ETF's, Alongside Ethereum ETF's Once Approved
April 11, 2024--In the rapidly evolving landscape of cryptocurrency investment, Option2Trade (O2T) has emerged as a platform of choice for traders seeking exposure to digital assets like Bitcoin (BTC) and Ethereum (ETH). As Hong Kong moves closer to approving its first spot Bitcoin ETFs, with Ethereum (ETH). ETFs to follow suit once approved, the attractiveness of Option2Trade (O2T) as a versatile trading platform is on the rise. In this article, we delve into the significance of Hong Kong's ETF approvals and their implications for Option2Trade (O2T) traders.
Hong Kong's Move Towards ETF Approval
Hong Kong, known for its bustling financial markets and regulatory innovation, is poised to make a significant stride in the realm of cryptocurrency investment. The Securities and Futures Commission (SFC) of Hong Kong is reportedly on the verge of approving the first spot Bitcoin ETFs, paving the way for investors to gain exposure to Bitcoin (BTC) through regulated investment vehicles. Additionally, Ethereum (ETH) ETFs are expected to follow suit once the necessary regulatory approvals are obtained.
view more
Source: Option2Trade
China's continued focus on the same export-driven model is bound to hit an impasse
April 2, 2024--China's 'Two Sessions'- the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC)- took place from 4-11 March in Beijing. Premier Li Qiang delivered his first 'work report' which marked both the beginning of a new era for China and the 75th anniversary of the People's Republic of China (PRC).
This is the first year that China is experiencing full economic normalisation after the pandemic, as a positive push from the end of mobility restrictions under Zero-Covid policies in 2022 distorted economic data in 2023.
Li Qiang's first 'work report' delivered on 5 March signifies a departure from the previous decade under Premier Li Keqiang's leadership. The report puts more emphasis on the supply side rather than on the demand side of the economy. The focus on 'new productive forces' in the report indicates that China aims to double down on manufacturing and advanced manufacturing, while demand-oriented stimulus measures seem to be less relevant. Foreign investors were expecting China to announce fiscal and/or monetary stimuli to support the fledging economy. The disappointment of investors was felt in a 2% drop in the Hang Seng Index right after the 'work report' was delivered, which is China's most relevant offshore barometer of foreign sentiment.
view more
Source: bruegel.org
Five key takeaways from China's annual meeting of parliament
March 12, 2024--China is turning to 'future technologies' to boost is economy as it tries to turn the page on developers' struggles.
China's week-long meeting of the National People's Congress (NPC), which gathered some 3,000 delegates from the political, business and cultural elite in Beijing, has closed without the customary press conference by the country's premier.
The annual meeting of the country's parliament began on March 4 at the Great Hall of the People in Tiananmen Square, with delegates tasked with approving new laws and political appointments as well as assessing a litany of reports from departments across the government.
view more
Source: aljazeera.com
S.Korea authorities discuss prospects for allowing spot bitcoin ETFs
March 8, 2024--March 4, 2024--South Korean authorities are discussing whether to allow sales of spot bitcoin exchange-traded funds (ETFs) in the country, the financial watchdog chief said on Tuesday.
"Among authorities, I am one of those who are positive about virtual assets, while there are others who are wary, and we need to hear their opinions as well.
We are internally discussing it," said Lee Bok-hyun, governor of the Financial Supervisory Service.
His comments were made in a radio interview in response to a question about authorities' views on spot bitcoin ETFs, which are currently not available to investors in South Korea.
view more
Source: reuters.com
Phillip Capital Management partners China Universal Asset Management to launch mainland-linked ETF
March 7, 2024--Phillip Capital Management has partnered with China Universal Asset Management (CUAM) to launch the Phillip-China Universal MSCI China A 50 Connect exchange-traded fund (ETF).
The product will be listed on the Singapore Exchange S68-(SGX) on March 20, with the initial offering period from March 4 to March 14.
view more
This is in alignment with the establishment of an ETF Product Link between the SGX and the Shanghai Stock Exchange (SSE) last year, aimed at enhancing connectivity between Singapore and China through a master-feeder fund model.
view more
Source: theedgesingapore.com
Pacific Economic Growth Slowing After Post-Pandemic Rebound
March 5, 2024--Investment in education critical to address significant learning gaps, foster sustainable growth, report finds.
Growth in Pacific island countries is estimated to have slowed in 2023 and is forecast to continue to decelerate in 2024 and 2025 as the temporary boost from the COVID-19 pandemic recovery fades and fiscal policies begin to tighten, the World Bank said in its semi-annual economic outlook for 11 Pacific island countries.
Investments in key drivers of long-term growth-education, in particular-will be crucial to sustaining economic momentum, the World Bank's new report, Pacific Economic Update- Back on Track? The Imperative to Invest in Education says.
Growth in 2023 among the Pacific island countries surveyed eased to an estimated 5.5% following a historically high expansion of 9.1% during 2022, the first year of recovery from the pandemic. Economic activity was buoyed by tourism, household consumption and remittances, and was further supported by accommodative fiscal policies.
view more
Source: worldbank.org
China cuts key interest rate in the latest move to boost its ailing property sector
February 20, 2024--China's central bank announced Tuesday that it cut its 5-year loan prime rate while leaving its 1-year rate unchanged in the latest move to ease pressures on the ailing property market.
The 5-year rate was lowered by 0.25 basis points to 3.95% while the 1-year rate remains at 3.45%. It was the first time the 5-year rate was cut since May, and analysts said it was the largest cut on record for that rate.
view more
Source: apnews.com
Solactive and KB Asset Management Partner for the First Time with ETF Launch Tracking Realty Income Index
February 20, 2024--Solactive is delighted to announce KB Asset Management's introduction of the KB KBSTAR Global Realty Income ETF in Korea, tracking the Solactive Global Realty Income Index, marking the initiation of partnership and further expanding Solactive’s presence in the region.
The Solactive Global Realty Income Index comprises REIT securities known for their appealing dividend payments. Notably, Realty Income Corp and the Macquarie Korean Infrastructure Fund (MKIF) are included as fixed components.
Both constituents provide steady income streams to investors in the form of dividends and/or over-distribution of profits. Realty Income Corp is the largest net lease REIT in the market, providing monthly dividend distributions, while MKIF invests in landmark infrastructure assets of Korea. The remaining eight securities are chosen from the Industrial and Warehouse Equity REITs, Data Center Equity REITs, Manufactured Homes Equity REITs, and Tower Equity REITs sectors based on their dividend growth, offering strategic exposure to the long-term prospects of the real estate market.
The ETF listed on the Korean Stock Exchange on 20 February under the ticker code 475380.KS.
view filing
Source: Solactive AG
JPMorgan AM to join China 'fundraising war' for CSI A50 ETFs
January 15, 2024--Move marks first time a 100% foreign-owned enterprise will compete directly with domestic managers at a launch
JPMorgan Asset Management's China retail asset management subsidiary will go head to head with about half a dozen top local fund houses after the Lunar New Year holiday to raise money for exchange traded funds that track a newly established index.
The move marks the first time a wholly foreign-owned enterprise will compete directly with domestic fund giants in a co-ordinated fund launch for identical products. It also comes amid red-hot investor interest in ETFs and could become a "fundraising war", one manager suggested.
view more
Source: ft.com
IMF Staff Country Report-People's Republic of China: Selected Issues
February 12, 2024--Summary:
SMOOTHING THE PATH TO A NEW NORMAL: CHINA'S PROPERTY SECTOR TRANSITION1
The Chinese authorities have taken resolute actions to address the risks from the property sector since
the start of the pandemic. The key challenge now is to smooth the transition of the sector to a smaller,
more sustainable size amid unresolved financial distress among developers, weakened home buyer confidence, and a backdrop of large inventories and structurally declining demand.
Key policy priorities should be to expedite the resolution of underlying supply-side imbalances, most importantly by
restructuring nonviable developers; support and de-risk surviving developers; and take steps to contain
the buildup of risks in the property market.
A. Introduction: China's Real Estate Markets at a Turning Point China's Real Estate Markets: An Overview
1. Real estate activity has been important for China's rapid growth but has come with
significant risks. Property-related activities accounted for an estimated 20 percent of GDP through
China's decades of rapid growth, with real estate ubiquitous as a form of collateral and household
wealth. While the authorities proactively limited risks from household leverage, average sales prices
still rose almost 350 percent in the 15 years through 2021 and remain at significantly stretched
levels relative to incomes. This price growth partly reflected strong investment-driven demand from
households, driven by massive savings, a mortgage lending boom, and limited investment alternatives. At the same time, the country's large developer sector leveraged up heavily to expand
construction at a rapid pace, often working closely with local governments who relied on property
activity for revenues.
view more
Source: imf.org
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
