you are currently viewing:Firm Foundations of Growth: Productivity and Technology in East Asia and PacificJune 2, 2025--The most productive (so-called frontier) firms in East Asia and Pacific are falling further behind global leaders, especially in the digital-intensive sectors that drive innovation. Synchronized reforms to improve competition, digital infrastructure, and skills can reignite productivity growth. In East Asia and Pacific (EAP), productivity growth has slowed over the past two decades. Why has this slowdown come at a time of rapid technological progress? First, in EAP, aggregate productivity growth has been mostly due to increases within firms, with little contribution from reallocation of market share between firms or firm entry and exit. Second, productivity growth has been slower within most-productive EAP firms-"the national frontier"-than less productive firms. This slows aggregate productivity, because the national frontier firms account for a large share of output and jobs. These findings are not unique to EAP, but are confirmed also in other developing countries. Source: worldbank.org |
July 22, 2025-On July 22, the China-Singapore ETF Link continues to expand with the listing of the Amova E Fund ChiNext Index ETF (ticker: CXT) on Singapore Exchange (SGX), launched by Nikko Asset Management (Nikko AM) in collaboration with E Fund Management (E Fund), the largest mutual fund manager in China, aiming to provide overseas investors with access to the growth potential of China's ChiNext market.
July 2, 2025-The Australian Securities Exchange (ASX), the Tokyo Stock Exchange, Inc. (TSE), and Fujitsu Limited on June 2, 2025 signed MOU to develop a SaaS-based Request for Quote (RFQ) platform. Fujitsu will develop the platform based on "CONNEQTOR, " an RFQ platform for the ETF market developed by TSE and Fujitsu, and provide it to ASX.
June 25, 2025-Qualified Foreign Institutional Investors (QFIIs) will be permitted to trade onshore ETF options starting October 9, exclusively for hedging purposes, according to the China Securities Regulatory Commission.