Asia ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
OneConnect Successfully Listed on the Main Board of the Stock Exchange of Hong Kong
July 3, 2022--OneConnect Financial Technology Co., Ltd. ("OneConnect" or the "Company") (NYSE: OCFT), a leading technology-as-a-service provider for financial institutions in China, today announced that it has successfully listed, by way of introduction (the "Listing"), its ordinary shares (the "Shares") on the Main Board of The Stock Exchange of Hong Kong Limited (the "SEHK").
The Shares are traded on the Main Board of SEHK under the stock code "6638" in board lots of 500 Shares, and the stock short name is "OCFT".
The Company's American depositary shares (the "ADSs"), each representing three Shares, remain primarily listed and traded on the New York Stock Exchange (the "NYSE"). In connection with the Company's Listing, the Company's depositary facility for its ADSs is expected to be closed for the deposits of its Shares and will re-open on November 14, 2022.
view more
Source: OneConnect
New World Bank Group Report Proposes Path for Vietnam to Address Climate Risks while Sustaining Robust Economic Growth
July 1, 2022--The World Bank Group's Country Climate and Development Report for Vietnam underscores the urgency of adaptation to climate change, combined with policies and public and private investments to reduce the carbon intensity of growth.
Vietnam's 100 million people are among the most vulnerable in the world to climate impacts, facing hazards along the country's 3,260-km long coastline and extensive low-lying regions.
Threats to urban and industrial areas, especially in and around the economic powerhouse of Ho Chi Minh City, put large sections of the economy at risk. The Mekong Delta, home to 18 million people, is already being affected by climate change; some provinces could see over 70 percent of their land inundated within 80 years. The report states that Vietnam lost about $10 billion in 2020, or 3.2 percent of its gross domestic product, to climate impacts. Models suggest that the costs to the economy generated by climate change could total as much as $523 billion by 2050. The report argues that investments to address climate impacts are a priority.
view the World Bank Vietnam Country Climate and Development Report
Source: worldbank.org
Hang Seng IM plans to delist $5.5bn ETF as part of SSGA's Tracker Fund takeover
July 1, 2022--Hong Kong manager is set to become largest in the territory once takeover is complete
Hang Seng Investment Management plans to delist its Hang Seng index exchange traded fund in September as part of its process of taking over the management of the identical but larger State Street Global Advisors' Tracker Fund.
The Hong Kong manager has proposed delisting its HK$43.28bn ($5.51bn) Hang Seng index ETF on September 13, according to an announcement. The delisting plan requires approval from at least 75 per cent of investors with voting rights when the proposal is formally put forward on July 13.
view more
Source: FT.com
Sebi permits FPIs to deal in exchange-traded commodity derivatives
June 30, 2022--Indian regulators have been cautious in allowing FPIs in the commodities market on fears that sudden outflows by them may disrupt the market
The Securities and Exchange Board of India's (Sebi's) board on Wednesday allowed foreign portfolio investors (FPIs) to trade in exchange-traded commodity derivatives. The move, it said, "will enhance liquidity and market depth, as well as promote efficient price discovery."
view more
Source: business-standard.com
Global Conditions Pose Risks for Growth and Inflation Outlook in Indonesia, New World Bank Report Says
June 29, 2022--Stable, smooth-functioning financial sector is key to COVID-19 recovery, longer-term growth
Indonesia's economy is projected to grow 5.1 percent in 2022 and 5.3 percent in 2023, as the pressures of deteriorating global economic conditions, higher inflation, and tightening external finance begin to weigh, according to the June 2022 edition of the World Bank's Indonesia Economic Prospects report, released today. Risks to the outlook are tilted to the downside.
Indonesia's growth momentum in 2021 carried into early 2022, with the economy growing at 5 percent in the first quarter (year-on-year), according to the report, Financial Deepening for Stronger Growth and Sustainable Recovery. The pick-up in domestic demand since the end of last year provided relief to the private sector, especially medium, small, and micro enterprises that suffered disproportionately during the pandemic. The domestic recovery also enabled some fiscal consolidation, while monetary policy has remained appropriately accommodative. This has enabled a pick-up in bank lending in support of the recovery.
view more
Source: worldbank.org
China's economy didn't bounce back in the second quarter, China Beige Book survey finds
June 28, 2022--Chinese businesses ranging from services to manufacturing reported a slowdown in the second quarter from the first, reflecting the prolonged impact of Covid controls.
That's according to the U.S.-based China Beige Book, which claims to have conducted more than 4,300 interviews in China in late April and the month ended June 15.
The analysis found few signs that government stimulus was having much of an effect yet.
view more
Source: cnbc.com
Thailand Economic Monitor June 2022: Building Back Greener: The Circular Economy
June 27, 2022--Key findings
Thailand's GDP growth has picked up modestly since the surge in COVID-19 cases last year, but economic activity remained below pre-pandemic levels in the first quarter of 2022.
Headline inflation has breached the Bank of Thailand's target range of 1-3%, reaching a 13-year high of 7.1% in May largely due to surging oil prices.
The fiscal deficit remained substantial at 9.2% of GDP in the first half of fiscal year 2022, and public debt has risen to above 60% of GDP.
The financial system remains stable overall, though risks associated with increased levels of corporate and household debt persist.
While poverty and unemployment are estimated to have declined over the past year, labor incomes have fallen and household debt has increased to meet expenditure needs.
The economy is expected to expand by 2.9% in 2022, one percent slower than expected in December 2021, but the recovery will strengthen in the medium term.
While a small current account deficit is expected for 2022, the resolution of supply bottlenecks, a recovery in tourism arrivals, and a decline in the global oil price is expected to see the current account return to positive territory in 2023 and 2024.
view more
Source: worldbank.org
Global X Japan Expands Product Range with ETF Tracking Solactive Japan Green J-REIT Index
June 27, 2022--Throughout history, Japan has gained a reputation for its unique architecture that seeks harmony with natural surroundings. At the same time, the global building sector generates nearly 50% of annual CO2 emissions.[1]
Due to the significance of real estate and the need to achieve ambitious climate targets, the Japanese government has increased efforts in the adoption of Green Building certifications and energy efficiency standards.
For example, the Comprehensive Assessment System for Built Environment Efficiency is a program that evaluates the sustainability performance of buildings, and The Act on Improvement of Energy Consumption Performance of Buildings further intends to decrease emissions.[2] Building on these developments, Global X Japan has issued the Global X Green J-REIT ETF (Stock code: 2855), listed on the Tokyo Stock Exchange (TSE) on 24 June 2022.
view more
Source: Solactive AG
A new kind of Belt and Road Initiative after the pandemic
June 23, 2022--The Belt and Road Initiative is turning from infrastructure financing into an instrument for Chinese soft and hard power
Since President Xi announced China's grand strategy, the Belt and Road Initiative, in Kazakhstan in 2013, it has grown so much in geographic and conceptual scope that it has become difficult to measure. Agreements setting out some form of formal affiliation with the initiative have been signed with 146 countries.
Meanwhile, the projects covered by this grand strategy have increased in number but also in terms of sectoral and geographic complexity, from the Arctic to the deep oceans, from Latin America to outer space.
The COVID-19 pandemic, however, has been a major complication for the BRI. Since January 2020, China has closed its borders to the world, cutting off most in-person exchanges and crippling businesses' ability to evaluate, negotiate and conclude new deals
view more
Source: bruegel.org
South Korea metaverse ETF performance slumps
June 23, 2022--10 have launched in the country since October last year
South Korea has seen a host of metaverse-focused exchange traded funds launched over the past eight months, but while the hype for the metaverse helped create a successful start for the new funds, their performance has slumped.
The metaverse purports to be a new iteration of the internet, creating new virtual realities that may allow users to immerse themselves in a range of possible activities. New technologies and companies have emerged as the metaverse rose as an alternative to in-person work and social life last year when the Covid-19 pandemic kept many people cooped up in their homes.
view more
Source: ft.com
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
