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Asia Pacific Financial News from John Lothian News – December 15, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,JLN Subgroups,Politics,Regions

Lead Stories The $145 Trillion Future of Investing Is Heading to Asia;; Surging wealth throughout the developing world will reshape asset management. By Nico Grant – Bloomberg Chinese assets under management to rise at break-neck pace; This story is part of a series on the future of investing Every other day, a new billionaire is minted in Asia. That growing wealth has sparked a shift in the world of investing, as ascendant emerging markets outpace the long-dominant U.S. and Europe. https://goo.gl/cDFPDe HKEX moves closer to accepting dual share classes; Exchange’s rethink prompted by losing out on Alibaba’s IPO to the…

Asia Pacific Financial News from John Lothian News – December 13, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,JLN Subgroups,Politics,Regions,Regulation & Enforcement

Lead Stories Deutsche Bank Says ‘Mrs. Watanabe’ Behind the Surge in Bitcoin By Julie Verhage – Bloomberg Japanese retail investors seen shifting from currency trading; Men actually hold the majority of Japanese trading accounts That term is often used to describe the individual Japanese investor, traditionally a housewife who runs her family’s finances. And that’s who behind the surge in bitcoin, according to a Deutsche Bank AG note Thursday. https://goo.gl/6AgXNz All Chinese Oil Traders Want for Christmas Is a Futures Contract Bloomberg News Speculation growing that domestic contract will be listed soon; Chinese commodities trading has slowed this year, data…

Jim Hourihane – Careers in Compliance MarketsWiki Education,MWEd,Video,video

“We’re trying to ensure market integrity, we’re trying to make sure investors are protected and we’re making sure all of our members are doing the right thing and following all the rules.” In this video from MarketsWiki Education’s Intern Recruiting Event in Chicago, Jim Hourihane, compliance manager for the National Futures Association, breaks down how the NFA works and what kind of opportunities present themselves in compliance. With mountains of data in the financial sector, one of the goals of the NFA is to make sure that market and member data is safe and secure. Hourihane says the NFA’s new…

Asia Pacific Financial News from John Lothian News – December 13, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,JLN Subgroups,Politics,Regions

Lead Stories Why bitcoin could trigger the next global financial crash South China Morning Post Cryptocurrencies like bitcoin are speculative derivatives with nothing to back them up, and that poses a danger to financial system https://goo.gl/vx1YUT UN’s North Korea Envoy Deeply Worried After Trip, Diplomat Says By Kambiz Foroohar – Bloomberg Feltman visited Pyongyang after late-November missile test; Envoy says North Koreans aren’t ready to enter talks The United Nations envoy to North Korea returned from that country deeply worried about the prospects for bringing an end to Kim Jong Un’s nuclear weapons program, according to a European member of…

Asia Pacific Financial News from John Lothian News – December 12, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,JLN Subgroups,Politics,Regions,Regulation & Enforcement

Lead Stories The Force Behind Bitcoin’s Meteoric Rise: Millions of Asian Investors; Retail investors, mostly in Asia, are pushing the price of bitcoin to new heights By Steven Russolillo in Hong Kong and Eun-Young Jeong in Seoul – WSJ Behind the stunning rise of bitcoin lies a new force in global financial markets: millions of individual Asian investors. https://goo.gl/aYsvDC Bitcoin surge prompts legal bid to remove Mt Gox from bankruptcy; Creditors say 40-fold rise in value means exchange’s assets now dwarf its liabilities Leo Lewis in Tokyo – FT A group of creditors pursuing a potentially vast bitcoin fortune from…

Asia Pacific Financial News from John Lothian News – December 11, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Fintech,Investing & Trading,JLN Subgroups,Politics,Regions,Regulation & Enforcement

Lead Stories China’s ethical bonds take it to top spot in green paper league; Country is joint-largest source of issuance, along with France Kate Allen and James Kynge in London – FT Chinese banks are using ethically labelled bonds to refinance existing loans, helping to propel the country to become the world’s biggest issuer of green paper. https://goo.gl/VHPJJr DEUTSCHE BANK: A major financial crisis is almost twice as likely in China as anywhere else in the world Will Martin – Business Insider The probability of a financial crisis starting in China is almost twice as high as in any other…

Bitcoin futures start trading; IEX and LTSE team up; Another Deutsche Boerse leadership change? John Lothian Newsletter,Newsletter

First Read Hits & Takes By JLN Staff If you, too, want to help crash the Cboe website, or check out its bitcoin futures prices, you can click HERE.~JJL As of 7:20 AM Chicago time, 2918 contracts of Cboe bitcoin had traded.~JJL Breaking news: A pipe bomb exploded at the Port Authority Bus Terminal near Times Square. One person is reportedly in custody and he apparently was the only one injured.~JK Congratulations to the CME Group, which raised $186,000 for its Movember Foundation campaign, including its $125,000 corporate donation, to shine the spotlight on men’s health in the areas of…

Asia Pacific Financial News from John Lothian News – December 8, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Investing & Trading,JLN Subgroups,Politics,Regions,Regulation & Enforcement

Lead Stories From taxis to temples, Alipay’s fast-expanding cashless world; Ant Financial’s empire raises concerns of customer data use by Beijing YUSHO CHO and JOYCE HO, Nikkei HANGZHOU/HONG KONG — To fully understand the changing concept of consumer credit in China, one need look no further than Alipay, the online payment platform operated by e-commerce giant Alibaba Group Holding’s affiliate, Ant Financial Services Group. https://goo.gl/g4SrP9 Automating Asia Pacific’s Liquidity-Sourcing Needs; Firms are on the lookout for the ultimate piece of cutting-edge technology in liquidity that will outshine the competition Ayden Koh – Finance Maganates As the world’s financial products become…

Asia Pacific Financial News from John Lothian News – December 7, 2017 Asia/Pacific,Banks, Brokers & Managed Funds,Blog,Exchanges, OTC & Clearing,Investing & Trading,JLN Subgroups,Regions,Regulation & Enforcement

Lead Stories Coffee Glut Hinges on Whether Top Growers Will Hold Back Sales By Isis Almeida , Mai Ngoc Chau , and Fabiana Batista – Bloomberg Current prices aren’t attractive for growers, ICO’s Sette says; Brazil, Vietnam will need to rebuild stockpiles: RCMA’s Gruber Hoang Thi Thom, a coffee grower in No. 2 producer Vietnam, isn’t keen to sell this year’s harvest. https://goo.gl/QwXo8j Asia to Stay World’s Fastest Growing Region by 2030 Financial Tribune The global economy is continuing its gradual recovery from the financial crisis, with the latest data pointing to a broad-based pickup. However, longer term Asia is…