PBoC strengthens renminbi trading band midpoint past Rmb6.7
August 9, 2017--China's central bank strengthened the trading band for the renminbi by the most in more than two months on Thursday, pushing its midpoint below Rmb6.7 per dollar for the first time in over ten months.
view more
Source: FT.com
IMF Staff Completes 2017 Article IV Mission to Philippines
August 8, 2017--The economic performance of the Philippines continues to be very strong, featuring robust growth combined with low inflation.
Growth is projected to remain close to potential at 6.6 percent in 2017 and 6.8 percent in the medium term.
IMF staff team supports the authorities' plans to raise infrastructure and social spending while avoiding overheating and preserving investor confidence.
view more
Source: IMF
ULTUMUS-Global ETF Monitor--iShares lists 2 ETFs in Japan
August 8, 2017--Asia
iShares will be listing two new currency hedged corporate bond ETFs into Japan at the end of August. 1496 will track highly liquid investment grade bonds of giant global businesses based in developed countries.
It will track a yen hedged version of the Markit iBoxx USD Liquid Investment Grade Index...
1497 will track higher yielding bonds of transnational companies that "have an average rating of sub-investment grade", while also hedging with the yen....
view more
Source: ULTUMUS-Financial Data Management
People's Republic of China: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the People's Republic of China
August 8, 2017--Summary:
Policy support, strengthening external demand, and supply-side reforms have helped maintain strong growth which, along with tighter enforcement of capital flow management measures, has also reduced exchange rate pressure.
Regulators have recently focused on addressing financial sector risks, resulting in tightening financial conditions. The five-yearly Communist Party Congress is scheduled for the fall.
view more
Source: IMF
Harvest Fund Management selects FTSE China A50 Index for ETF listing in Shanghai
August 7, 2017-- First mainland China ETF tracking FTSE Russell index
Harvest Fund Management, one of China's largest fund houses, lists first FTSE China A50 Index ETF on Shanghai Stock Exchange
Reinforces FTSE Russell's leading position in China-focused benchmarks
FTSE Russell announces the licensing of the FTSE China A50 Index to Harvest Fund Management (HFM). The Harvest FTSE China A50 Index ETF, listed on Shanghai Stock Exchange (SSE) today and is the first domestically listed ETF to track a FTSE Russell index.
view more
Source: ftserussell.com
JPMorgan backing technology to transform trading desks
August 7, 2017--Changes happening in Europe and North America first, but Asia driving mobile
As trading revenues plunge at bulge bracket investment banks, JPMorgan Chase & Co. is putting its faith in technology to drive growth.
view more
Source: South China Morning Post
China admits to disguised fiscal borrowing risk
August 3, 2017--China's finance ministry has acknowledged that public-private partnerships for infrastructure funding have grow to be a car for "disguised borrowing" by native...
view more
Source: FT.com
China creates special bond to support local government projects amid debt woes
August 3, 2017--The new type of bond will only be covered by returns from the project being funded and limited to government land and toll road projects
China's finance ministry has created a new type of bond for local government fund raising amid rising risks and irregularities in borrowing.
view more
Source: South China Morning Post
India Cuts Rates as RBI Sees 'Urgent Need' to Boost Investment
August 2, 2017--Most economists in Bloomberg survey had predicted the move
Keeps neutral stance, retains growth and inflation forecasts
India cut interest rates to the lowest since 2010 to boost an economy struggling to recover from Prime Minister Narendra Modi's cash clampdown.
The benchmark repurchase rate was lowered to 6 percent from 6.25 percent, the Reserve Bank of India said in a statement in Mumbai on Wednesday.
view more
Source: Bloomberg
ETFGI reports assets invested in ETFs/ETPs listed in Japan have increased 26.7 percent in the first half of 2017
August 2, 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 have increased by 26.7% from US$173.30 Bn to reach a new record of US$219.60 Bn in the first half of 2017, according to ETFGI's June 2017 Japanese ETF and ETP industry insights report.
At the end of June 2017, the Japanese ETF/ETP industry had 188 ETFs/ETPs, with 233 listings, assets of US$220 Bn, from 21 providers listed on 2 exchanges.
view more
Source: ETFGI
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.