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Goldman arm plans to invest in Geely
September 19, 2009--A private equity unit of Goldman Sachs is poised to invest about $250m in Geely Automobile Holdings, China’s largest privately owned carmaker, according to a person familiar with the matter.
Goldman Sachs Capital Partners will buy convertible bonds and warrants issued by Geely’s Hong Kong-listed subsidiary. People familiar with the matter said that confirmation of the deal could be announced as early as this week.
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Source: FT.com
iShares launches capital markets group in Asia Pacifi
September 21, 2009--iShares, Barclays Global Investors' exchange-traded fund business, has formed a new capital markets group for Asia Pacific.
The group will work closely with iShares participating dealers and market makers across the region to ensure liquidity and competitive pricing for iShares ETFs.
The group will focus on iShares counterparty management and client-service including market-making activities, broker-dealer education, and thought leadership with respect to iShares trading and analytics. It will also work with iShares clients on best-practice execution strategies while partnering with participating dealers to ensure good value for clients during the trading process.
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Source: ETF Express
Index Experts Committee Of Shenzhen Stock Exchange Established Officially
September 18, 2009--On Sep 17, the Shenzhen Stock Exchange held the first meeting for the establishment of the Index Experts Committee of Shenzhen Stock Exchange and Shenzhen Securities Information Company Limited. Chen Dongzheng, Council Chairman of the Shenzhen Stock Exchange, Zhou Ming, Deputy General Manager of Shenzhen Stock Exchange, concurrently Board Chairman of Shenzhen Securities Information Co., Ltd. awarded the written appointment to the expert committee members on the behalf of the two companies.
Mr. Chen mentioned in his speech that the Shenzhen Stock Exchange shoulder the historic mission of building the multi-layered market, and the Shenzhen Stock Exchange should activate all parties’ enthusiasm and strengthen the foreign cooperation and make the all-round exploration.
Mr. Zhou also expressed in his address that indexes are strategic resources of the Shenzhen Stock Exchange, indexes must serve the need for the development of the capital markets and the opening-up of the capital markets The Shenzhen Stock Exchange are putting all efforts to build the multi-layered market, and the Shenzhen Stock Exchange shall expedite the improvement of index system, positively push forward the commercialization of indexes, upgrade the influence and the service capacity of the Shenzhen securities market.
Lin Yixiang, Chairman of the Index Experts Committee, pointed out at the meeting that the multi-layered market of Shenzhen Stock Exchange has formed the early shape, and it is greatly potential for improvement of index system, research and development of new indexes and the commercialization of indexes, and the Experts Committee will play the active role and make contribution for the multi-layered market construction.
At the first meeting, the committee members deliberated some issues, such as the development planning for SZSE series indexes and Juchao-series indexes, scheme for design of ChiNext index, and put forward many constructive opinions.
Source: Shenzhen Stock Exchange
FSA publishes the third progress report on its efforts toward “Better Regulation"
September 17, 2009--On July 13, 2009, the Financial Services Agency (FSA) published the third progress report on its efforts toward Better Regulation-view report
The FSA has been engaged in an initiative to improve the quality of financial regulation (Better Regulation) since the summer of 2007.
Since then, the global financial market turmoil triggered by the U.S. subprime mortgage problem developed into a world-wide financial crisis, in particular, following the collapse of a major U.S. investment bank, Lehman Brothers, in September 2008. Amid the drastically changing environment for financial regulation, the FSA has strived to accurately grasp and analyze the current situation, and has implemented various types of measures in a short period of time, keeping its viewpoints regarding “Better Regulation” in mind when carrying out crisis response measures.
During this past year, the FSA has continued its own initiatives to further promote Better Regulation in conducting inspection and supervision, and to move ahead with it into the future.
This report reaffirms the significance of Better Regulation amid the changing environment for financial regulation based on an examination of the crisis response measures, and describes the progress made with regard to the FSA's efforts for Better Regulation in inspection and supervision between May 2008 and July 2009.
In compiling this report, the second questionnaire survey was conducted on the entities subject to supervision by the FSA.
Source: FSA.go.jp
Wealthtrac launches ETFs on super master trust
September 16, 2009--ETFs have been added as investment options within Wealthtrac’s superannuation master trust for the first time.
The funds are the iShares MSCI EAFE, iShares MSCI Emerging Markets, iShares S&P Global 100, iShares S&P 500, SPDR S&P/ASX 200 Fund and the SPDR S&P/ASX 50 Fund.
Wealthtrac head of distribution Matt Johnson said the six funds offer planners a broad spectrum of the different asset classes in the Australian and international equities market.
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Source: Reuters
DB Index Research -- Weekly ETF Reports -- Asia-Pacific
September 15, 2009--Highlights
Market Overview
There are 183 equity based ETFs in the Asia Pacific region with 239 listings across
12 countries and 15 exchanges. Japan has the largest market share by AUM
accounting for 42.11% of the whole market, whilst China has the largest market
share by turnover with 49.59%.
There were no new ETFs listed in the previous week.
Turnover
Monthly average daily turnover declined 4.3% in the last week. Turnover for the
previous week was USD 1431m. The largest ETF by turnover was the China 50
ETF issued by China Asset Management with USD 424m accounting for 29.6% of
total turnover.
Assets Under Management
AUM remained at about the same level in the previous week. AUM as of Sep 14th
were USD 60.2bn. The largest ETF by AUM is the TOPIX ETF, managed by
Nomura Asset Management, with AUM of USD 6.7bn.
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Source: Source: Aram Flores and Shan Lan -DB Index Research
NASDAQ OMX Selected as Technology Provider to Osaka Securities Exchange
September 15, 2009--The
NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced it has been
selected as exchange technology provider to the Osaka Securities
Exchange (OSE). OSE, the premier Japanese derivatives and securities
exchange, will deploy a NASDAQ OMX-based platform for derivatives
trading. Implementation of the new system is underway and scheduled for
launch in the first quarter of 2011.
"We are honored to be selected as system provider to OSE, marking our
second market technology customer in Japan," said Lars Ottersgard,
Senior Vice President, NASDAQ OMX Market Technology. "This is the
result of a strong and close partnership with both OSE and NTT Data. We
are focused on delivering a cutting-edge trading system ready for
launch in 2011."
Source: NASDAQ OMX
OSK-UOB launches ETF-linked fund
September 15, 2009-OSK-UOB Unit Trust Management Bhd, a subsidiary of OSK Investment Bank Bhd has launched a new fund that invests in a basket of exchange traded funds (ETF), which will provide exposure to sectors and markets that are expected to benefit from the economic policies and stimulus packages of governments globally
Dubbed “OSK-UOB Global Stimulus Fund”, the fund has an approved size of 400 million units, priced at 50 sen.
The initial minimum investment amount is RM1,000 and its minimum top-up is RM100.
The offer period will end on October 5.
Source: Business Times Malaysia
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