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PBoC chairman requests enlargement of QDII, QFII schemes
November 27, 2013----People's Bank of China’s (PBoC's) chairman, Zhou Xiaochuan, has asserted that the Chinese government should further enlarge the capacities of Qualified Domestic Institutional Investor (QDII)
and Qualified Foreign Institutional Investor (QFII) pilot schemes by raising the size of their investment quotas, according to a report from China Securities Journal.
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Source: Asia Asset
IMF Working paper-Sector-Level Productivity, Structural Change, and Rebalancing in China
November 27, 2013--Summary: This paper studies structural changes underlying China's remarkable and unprecedented growth in recent years. While patterns of structural transformation across China's provinces are broadly in line with international experience, one important difference is in labor productivity differentials between services and the rest of the economy.
Specifically, the gap between labor productivity in the rest of the economy and services has widened across China's provinces as they have moved from low to middle income, which is contrary to the trend observed in cross-country experience. Evidence from a panel of China's provinces suggests that credit and labor market frictions have inhibited labor productivity growth in services relatively more than in the rest of the economy. Reducing these frictions is essential for achieving the next stage of China's development, one in which the service sector will need to play a more prominent role as an engine of growth. The evidence also suggests that improving labor productivity in services will lift the consumption share of GDP, thereby advancing the needed rebalancing of domestic demand in China.
view the IMF Working paper-Sector-Level Productivity, Structural Change, and Rebalancing in China
Source: IMF
Hang Seng China A Industry Top Index Licensed To Hang Seng Investment Management Limited
November 26, 2013--Hang Seng Indexes Company Limited ("Hang Seng Indexes") today announced that it has granted a licence to Hang Seng Investment Management Limited ("HSVM") to launch an exchange-traded fund ("ETF") linked to its Hang Seng China A Industry Top Index in Hong Kong.
Mr Vincent Kwan, Director and General Manager of Hang Seng Indexes, said:
"We are pleased to have licensed our China A Industry Top Index to HSVM for
the creation of an ETF. The Index tracks mainland China industry leaders in each
of the 11 industries under the Hang Seng Industry Classification System, with the
primary aim of providing exposure to a diverse portfolio of top Mainland
companies."
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Source: Hang Seng Indexes
Germany Presses EU to Adopt Transaction-Tax Plan Soon
November 26, 2013--Germany wants speedy action on a European Union financial-transaction tax, the German Finance Ministry said.
"The German government position continues to press for a introduction of the financial-transaction tax soon," the ministry said today in an e-mailed comment to Bloomberg."We continue to aim for a broad base combined with a low tax rate."
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TSE has published the index value of TSE Home Price Index for September view more HKEx Welcomes First RQFII ETF from an Offshore Fund Manager
The new ETF's underlying index reflects the performance of A shares of leading Mainland companies in each of the 11 industries under the Hang Seng Industry Classification System. The ETF has a Hong Kong Dollar (HKD) counter and a Renminbi (RMB) counter so investors can buy units in either currency.
view more BetaShares set to increase adviser focus
The ETF provider has created the role after realising that the Future of Financial Advice (FoFA) regulation has increased the opportunities for ETF growth. view more
ETF License Application for JPX-Nikkei Index 400 1. Indices for ETF License Application
2. License Coverage Area
view more Free Float Weight for JPX-Nikkei Index 400 view more IMF Working paper-Cross-border Activity of Japanese Banks view the IMF Working paper-Cross-border Activity of Japanese Banks If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Bloomberg
November 26, 2013--TSE has published the index value of TSE Home Price Index for September on November 26, 2013. The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 78.01 points.
The index value of TSE Home Price Index (Used Condominium, Tokyo) is 82.49 points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 76.95 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 65.67.
Source: TSE
November 26, 2013--Hong Kong Exchanges and Clearing Limited (HKEx) welcomes today's listing of the Hang Seng China A Industry Top Index Exchange Traded Fund (ETF), the world's first Renminbi Qualified Foreign Institutional Investor (RQFII) ETF from a fund manager based outside Mainland China.
Hong Kong-based Hang Seng Investment Management Limited's Hang Seng China A Industry Top Index ETF is Hong Kong's 10th RQFII ETF and the newest of the 115 ETFs listed at HKEx.
Source: Hong Kong Exchanges and Clearing Limited (HKEx)
November 26, 2013--Exchange traded funds (ETF) provider BetaShares will increase its presence in the financial advice space with the newly created role of director of Adviser Services.
Lyndall James has been appointed to the role and she will be responsible for leading relationships with financial advisers.
Source: Financial Standard
November 25, 2013--Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc. and Nikkei Inc. are going to start to calculate JPX-Nikkei Index 400 on January 6th, 2014.
We are now accepting license applications for ETFs based on this index as follows:
JPX-Nikkei Index 400
Japan
Source: TSE (Tokyo Stock Exchange)
November 25, 2013--Japan Exchange Group, Inc. and Tokyo Stock Exchange, Inc. and Nikkei Inc. will start to calculate "JPX-Nikkei Index 400" from January 6, 2014.
The free float weight (FFW) ratio following cap-adjustment for each constituent is determined as follows..
Source: TSE (Tokyo Stock Exchange)
November 22, 2013--Summary: This paper explores the determinants of Japanese banks' overseas expansion and assesses whether the growing cross-border activity will continue under the new macroeconomic policies referred as "Abenomics". The analysis finds that Japanese banks are well positioned to scale up foreign exposures, thanks to their relative resilient balance sheets and continued growth in the region.
Stronger domestic growth in Japan could mitigate the pace, but is unlikely to reverse the expansion as global and regional pull-factors play a more prominent role in the growth of cross-border claims. Increasing cross-border activity could pose funding risks and supervisory challenges and require continued close monitoring.
Source: IMF
