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Free Float Weight for JPX-Nikkei Index 400
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..
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Source: TSE (Tokyo Stock Exchange)
IMF Working paper-Cross-border Activity of Japanese Banks
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.
view the IMF Working paper-Cross-border Activity of Japanese Banks
Source: IMF
China rides rollercoaster love affair with Bitcoin
November 22, 2013--Such has been the explosive growth of Bitcoin in China that the country's biggest exchange for the digital currency had its logo scrawled on its front entrance in magic marker until this week.
With about $60m in daily transactions, BTCChina is, as of early this month, also the world's biggest Bitcoin exchange, accounting for nearly one-third of the global market. Not bad for a company that was officially registered only in June.
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Source: FT.com
China to launch crude oil futures market
November 22, 2013--China on Friday took a step towards launching a market of its own for crude oil futures-which foreign investors may be allowed to trade.
Authorities and an existing exchange in Shanghai set up a company to operate a trading platform for the planned future contracts in the city's new free-trade zone (FTZ), state media and officials said.
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Source: FIN24
China to start interbank gold swaps trading
China will start interbank swaps trading next week in a move to further open up the domestic precious metals market.
November 22, 2013-- China, on track to overtake India as the world's largest gold consumer this year, will start interbank swaps trading next week in a move to further open up the domestic precious metals trading.
Trading will start Nov. 25 on the Shanghai-based China Foreign Exchange Trade System, according to a statement by the National Interbank Funding Center today.
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Source: MineWeb
Hong Kong not ready for ETF fee war, yet
November 22, 2013--Hong Kong's exchange traded fund market has all the makings of a fee war, except a reason to wage it.
Vanguard, whose low-cost structure has created a US ETF juggernaut, entered Hong Kong's retail market in May, launching its first ETF. Soon thereafter, Mirae Asset Global Investment's Horizons unit launched two ETFs it touted as having the market's lowest-ever fees, while Hong Kong ETFs participating in China's offshore-renminbi investment scheme also began paring back expenses.
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Source: FT.com
Chinese Yuan Index Launched Today
November 21, 2013--Securities Information Co., Ltd. (hereinafter abbreviated to 'SSI') and the Financial Channel of China Central Television (hereinafter abbreviated to 'CCTV') joint launched Chinese Yuan Index on November 21st, 2013. Chinese Yuan Index family is consist of Chinese Yuan Index (nominal exchange rate, Code: CNYX) and Chinese Yuan Real Index (real exchange rate, Code: CNYR).
Chinese Yuan Index samples nine foreign currencies-USD, EUR, JPY, HKD, AUD, CAD, GBP, RUB and MYR -in order to objectively describe the intrinsic value of Chinese Yuan and gauge the overall movement of the bilateral exchange rates of Chinese Yuan against other major currencies, as well as facilitate the reform of Chinese Yuan exchange rate.
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Source: CNINDEX
Fund chiefs debate obstacles to China entry
Tapping the mainland market is as tough as ever for foreign asset managers, particularly given the current environment, say industry experts.
November 21, 2013--China's Rmb2.8 trillion ($459.6 billion) mutual fund market remains enticing for foreign asset managers, with many viewing joint ventures as the most appealing way to enter the mainland.
But it remains a very tough proposition build up a profitable and sustainable onshore business, argued a panel at AsianInvestor’s Art of Asset Management conference in Hong Kong this week.
A minimum of 30 staff are typically required for mainland fund house offices, says Gerard De Benedetto, CEO of An Zhong Investment Management, the China subsidiary of Italian firm Azimut Holdings...
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Source: Asian Investor
NSE extends cross margins to ETFs
Move would primarily benefit ETF investors seeking to take counter positions
November 20, 2013--The National Stock Exchange (NSE) has extended cross margining to index-based exchange-traded funds (ETFs). So far, the facility was available only in the equity stocks, index futures and stock futures segments.
Cross margining helps market participants, as it reduces the margin requirement and trading costs.
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Source: Business Standard
China''s population suffers gender imbalance
November 20, 2013--Even if one assumes that women in China today are willing to have two children, two out of every 10 mothers would have to have three offspring each just to keep the population level by the middle of this century, according to an analysis of UN data.
China's "missing girls" make it much harder for the country to keep its population stable, according to Carl Haub, demographer at the Washington-based Population Research Bureau. In recent decades, China has produced only 80 baby girls for every 100 baby boys.
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Source: FT.com
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