Asia ETF News for the Past Year
Unlocking Consumption to Sustain Growth in China -World Bank Economic Update
June 13, 2025--China's economy maintained growth momentum in early 2025, with real GDP expanding by 5.4 percent year-on-year in the first quarter. Policy support helped boost consumption and spurred a pickup in home sales in major cities. However, consumption growth remains soft, and the property sector in lower-tier cities continues to struggle.
Meanwhile, manufacturing investment and exports-strong until recently-now face headwinds from global trade policy uncertainty. In response, the government has implemented accommodative monetary and fiscal policies. The latest China Economic Update, "Unlocking Consumption," outlines additional reforms aimed at raising consumption.
According to the Update released today, growth is projected to moderate to 4.5 percent in 2025 and 4.0 percent in 2026, as global trade restrictions and uncertainty weigh on exports, manufacturing investment, and hiring.
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Source: worldbank.org
US trading firm Virtu weighs foray into China market-making business
June 13, 2025--Virtu Financial Inc, one of the world's largest trading and market-making firms, is eyeing an entry into China, a top executive said, to tap into the rising and lucrative trading opportunities in the market.
Reuters reported in April that China is considering opening its $520 billion ETF market to Western market makers, potentially attracting firms such as Citadel Securities, Jane Street, and Amsterdam-based Optiver.
"China presents a long-term growth opportunity for Virtu due to its scale and increasing openness," Brett Fairclough, co-president and co-chief operating officer of Virtu told Reuters in an email statement.
A potential onshore Chinese presence would be a natural extension of Virtu's Asia operations and aligns with its disciplined global expansion approach, he added.
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Source: reuters.com
Tokyo Stock Exchange-Entry of the White Label ETF Provider
June 12, 2025--In recent years, various countries have seen the rising of white label ETF providers. These providers handle middle and back-office operations, other than product planning, in-fund management operations.
In Japan, there have been no such white label providers, however, we are pleased to announce that JAMP Fund Management Co., Ltd., a group company of Japan Asset Management Platform (JAMP) has announced the start of its white label business.
This development is expected to lead to listing of more diversified ETFs, including domestic ETFs investing in ETFs listed in other countries (ETF of ETF scheme) on the Tokyo Stock Exchange (TSE) market, as well as ETFs formed with domestic asset managers providing only investment advice. White label ETF scheme makes it easier to
realize new investment ideas in the TSE ETF market and is expected to offer a wider range of attractive products to investors.
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Source: Tokyo Stock Exchange
China’s $1.1 Trillion Asset Manager Takes Center Stage as State Market Stabilizer
June 10, 2025--Central Huijin, the state-owned investment arm of China's sovereign wealth fund, has emerged as a dominant force in the country's financial markets, following an unprecedented surge in interventions aimed at supporting the domestic economy and stabilizing investor sentiment.
As reported by the Financial Times, Huijin's strategic role within China's "national team" of market-stabilizing institutions has expanded significantly amid deepening economic headwinds and escalating tensions with the United States.
The fund's holdings in exchange traded funds (ETFs) soared past Rmb1tn ($140bn) in 2024 -a staggering seven-fold increase year over year -as Beijing directed sweeping stimulus efforts through key financial actors. Huijin, founded in 2003 and now managing Rmb7.76tn ($1.1tn) in assets, has become central to these state-led measures, embodying a wider push to consolidate and fortify China's financial architecture.
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Source: slguardian.org/
