Asia ETF News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Korea's Economic Outlook in Six Charts
May 21, 2019--With strong fundamentals, Korea's economy has performed well in recent years, but short-term growth is now moderating, and long-term growth is facing headwinds. Fiscal and monetary policies should boost growth, and structural policies should foster inclusion and enhance productivity, according to the IMF’s latest assessment of the Korean economy.
Korea is the 11th largest economy in the world and its per capita income has recently passed the $30,000 mark. It has a very strong export base and a skilled labor force. Importantly, to guard the economy against significant adverse developments, Korea has built large buffers in the financial and public sectors.
view more
Source: IMF
India in 2024: Narendra Modi once more, but to what end?
May 17, 2019--Even with the recent economic slowdown, India still boasts Asia's fastest growing economy in 2018. But beneath the veneer of impressive GDP expansion, uneasiness about India's economic model clearly tempers enthusiasm.
Indians are widely expected to decide to continue the country's current economic development path under the leadership of the Bharatiya Janata Party (BJP).[1]
Even with the recent economic slowdown, India still boasts Asia's fastest growing economy in 2018. But beneath the veneer of impressive GDP expansion, uneasiness about India's economic model clearly tempers enthusiasm. There is no doubt that the slowdown of India economy casts shadow on Narendra Modi's second term and whether this time it will be different.
view more
Source: bruegel.org
China's central bank won't let yuan weaken past 7 to the dollar: sources
May 17, 2019--China's central bank will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank's thinking said.
"At present, rest assured they will certainly not let it break 7," a source told Reuters.
A defense of the 7 level could help boost confidence in the currency and soothe investor fears about a sharp depreciation in the yuan, or renminbi, even as souring trade relations with Washington make competitive devaluation a compelling option for Beijing.
view more
Source: Reuters
STOXX turns to China's expanding ESG market
May 17, 2019--Deutsche Boerse unit STOXX plans to target growing interest in environmental, social and governance products in China.
The biggest hurdle is showing Chinese investors they can invest sustainably and remain profitable, says Rick Chau, managing director and head of Asia-Pacific at STOXX.
view more
Source: fow.com
Shanghai-London stock exchange tie-up faces more delays-sources
May 15, 2019-- A tie-up between London and Shanghai to allow Chinese firms to raise money on the UK stock market and British firms to sell shares in China is facing a long delay and is not likely to happen this year, sources close to the matter said.
The Shanghai-London Stock Connect project started in 2015 and was embraced by the London Stock Exchange as one that would give Britain a lead in tapping Chinese investors who are currently not able to invest overseas. It would also allow companies on the Shanghai Stock Exchange (SSE) to launch secondary offerings in London.
view more
Source: Reuters
IMF Staff Completes 2019 Article IV Mission to Singapore
May 14, 2019--Following a period of above-potential economic expansion, Singapore's economic growth is expected to moderate to 2.3 percent in 2019. Risks are tilted to the downside and mainly stem from external sources.
The IMF team concurs with MAS's decision to keep monetary policy on hold for now.
Going forward, monetary policy should continue to be data dependent, and the authorities should remain ready to provide fiscal stimulus as a first line of defense if downside risks materialize.
The IMF team welcomes the authorities' concerted efforts to promote a more innovation-based growth model with targeted policies to facilitate the structural transition by mitigating disruption from technology and aging.
view more
Source: IMF
Hang Seng Indexes Launches Two ESG Indexes and Expands Hang Seng Stock Connect Greater Bay Area Index Series
May 14, 2019--Hang Seng Indexes Company Limited ("Hang Seng Indexes") today launched the HSI ESG Index and the HSCEI ESG Index, expanding its portfolio of benchmarks for
investors interested in socially responsible investment strategies. The company also added the Hang Seng Stock Connect Greater Bay Area Innovation Top 50 Index to its Hang Seng Stock Connect Greater Bay Area Index Series.
The HSI ESG Index and the HSCEI ESG Index have the same list of constituents as the Hang Seng Index ("HSI") and the Hang Seng China Enterprises Index ("HSCEI") respectively, but adopt different constituent weightings. The weighting of each constituent in the two new indexes is adjusted according to its environmental, social and corporate governance ("ESG") score. The weightings of constituents with relatively high ESG scores will be increased, while weightings of those with relatively low ESG Scores will be decreased.
view more
Source: Hang Seng Indexes
IMF Staff Country Report-Republic of Korea: Selected Issues
May 13, 2019-EVOLUTION OF MACROPRUDENTIAL POLICIES IN
KOREA
1. The primary aim of macroprudential policy is to secure financial stability by leaning
against excess financial conditions. FSB, IMF, and BIS (2011) define macroprudential policy as "a
policy that uses primarily prudential tools to limit systemic or system-wide financial risk, thereby
limiting the incidence of disruptions in the provision of key financial services that can have serious
consequences for the real economy.
Rather than managing inflation or the business cycle, as monetary policy aims to do, macroprudential policy tries to strengthen the financial system's defenses in the face of economic and financial shocks.
2. This Selected Issues chapter looks at (i) monetary policy and financial cycles; (ii) the evolution of macroprudential policies in Korea; (iii) the efficacy in prudential policies in taming financial excess and building financial resilience and; (iv) the interaction between monetary policy and macroprudential policies
view the IMF Staff Country Report-Republic of Korea: Selected Issues
Source: IMF
Key measure points to 1st Japan economic downturn in 6 years
May 13, 2019--'Worsening' composite index of economic indicators reinforces fears of recession
The government said Monday its key composite index of economic indicators shows Japan's economy "worsening" for the first time in more than six years, reinforcing the view that the world's third-largest economy may have entered a recession.
The Cabinet Office's coincident index of business conditions for March fell 0.9 point from the previous month to 99.6 against the 2015 base of 100, according to a government survey.
view more
Source: asia.nikkei.com
FTSE Russell China Bond Research Report Q1 2019
May 13, 2019--Highlights from the May report:
Total holdings of Chinese bonds by offshore investors rose in Q1 of 2019. Offshore investors held 1.76 trillion RMB (US$263 billion) worth of bonds at the end of March, according to data released by Shanghai Clearing House and China Central Depository and Clearing Co, marking a 34.3 billion RMB (US$5.1 billion USD) rise compared to end-December 2018.
Some of China's largest companies have defaulted on their debt in Q1. Three large Chinese borrowers-Qinghai Provincial Investment Group Co., China Minsheng Investment Group Corp. and Beijing Orient Landscape & Environment Co.-missed repayment deadlines.
Against this backdrop, interest in China's small convertible bond market is growing – driven for the desire among investors for higher returns. Citic Bank Corp’s offering in March saw orders eclipse supply by 5,500 times, according to Bloomberg. Convertible bond issuers have raised US$13 billion via convertible bonds in 2019, more than four times the value of Chinese IPOs during the same time period.
view more
Source: FTSE Russell
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
