Commerzbank in Asien

(1)

1

Thorsten Heidt | Corporates & Markets | April 2015

(2)

Branches

Representative offices

1972: Eröffnung

Filiale Singapur

1979: Eröffnung

Filiale Hong Kong

1994: Eröffnung

Filiale Shanghai

1997: Eröffnung

Filiale Peking

2009: Eröffnung

Filiale Tanjin

2012: Eröffnung

Kuala Lumpur TPC

2014: Partnerschaft in

Indien

2013: Partnerschaft mit

Kasikorn

Bank

in

Thailand

1961: Eröffnung

Filiale Tokyo

Die Commerzbank ist seit mehr als 50 Jahren in der Region Asien-

Pazifik vertreten!

Beijing

Bangkok

Taipei

Jakarta

Hong Kong

Shanghai

Singapore

Tianjin

Mumbai

Ho-Chi-Minh-City

Dhaka

Kuala Lumpur

Seoul

Tokyo

(3)

3

(1)

_{Including Representative Offices}

Beijing

Tianjin

Seoul

Tokyo

Shanghai

Hong Kong

Taipei

Bangkok

Kuala Lumpur

Mumbai

Singapore

Ho Chi Minh City

Jakarta

Corporates & Markets / MSB Branches

(1)

Representative offices

Melbourne

MSB only branches

Dhaka

Commerzbank – Corporates & Markets Aktivitäten in Asien/Pazifik

Singapore

FIC

FI, FX and Corporate

Sales

FX Trading

Rates Trading

Credit Trading

EMC

Sales

Commodities Structuring

PM Trading

Coroporate Finance

EMTN Desk

Beijing

Corporate Sales

Shanghai

Corporate Sales

EM FX&R Trading

Hong Kong

EMC

Sales

EVF Trading

Flow Trading

FIC

FI Sales

Corporate Sales

Corporate Finance

M&A

DCM Bonds

DCM Loans

Structured Cap. Markets

ECM

Tokyo

FX Sales

Corporate Sales

(4)

Kundenbetreuung in verschiedenen Ländern

Philippines

Banks, Central Bank & SWF

Thailand

Banks, Central Bank, Asset

Mgrs

Malaysia

Banks, Central Bank & SWF

Indonesia

Banks, Central Bank

India

Banks, Central Bank

Australia & New

Zealand

Banks, Central Bank

Japan

Banks, Central Bank,

Exchange, Insurance Cos,

Asset Mgrs, Margin Brokers,

Corporates

South Korea

Banks, Central Bank & SWF,

Insurance Cos, Asset Mgrs,

Securities Cos

China

Banks, Central Bank & SWF,

Securities Cos, Corporates

Singapore / HK

Banks, Private Banks, IFAs,

Family Offices, Central Banks

& SWFs, Insurance Cos, Asset

Mgrs, Securities Cos,

Corporates

Taiwan

Banks, Central Bank,

Insurance Cos, Asset Mgrs

(5)

5

(6)

(7)

7

Asien weiterhin die stärkste Wachstumsregion

(8)

Entwicklung Asien 1996-2013

Sources: Bloomberg, Commerzbank Research

-

China was less

important in 1996

-

China

221BC…1911

1946…1-Oct-1949

1953, 1958, 1966,1976

1978,1989, 2001, 2008

-

Japan

1600-1868

1868-1890

1890-1930

1945-1965

1985 & 1989

1990-2010…

29

28

10 ₉

8

5 ₄

3

2

0

5

10

15

20

25

30

35 HK

CN

KR

IN

TW

SG

MY

ID

TH

PH

1996

2013

% share of the stockmarket capitalization in Asia, 2013 vs 1996

60

8

12

3

6 ₃

₂

0

10

20

30

40

50

60

70 CN

KR

IN

TW

ID

TH

HK

MY

SG

PH

1996

2013

% share of GDP in Asia, 1996 vs 2013

29 ASEAN 15%

ASEAN 17%

(9)

9

Thorsten Heidt | Corporates & Markets | April 2015 Sources: Bloomberg

Investment / GDP

China 2013

45

37

14

8

0

10

20

30

40

50 Investment

PCE

Govt

Net exports

%

India 2013

60

34

11 -9

-20

0

20

40

60

80 PCE

Investment

Govt

Net exports

%

20

25

30

35

40

45

50 1990

1995

2000

2005

2010

2015

Malaysia+Thailand+Korea

China

% investment/GDP

(10)

India – inflation moderating…

(11)

11

(12)

Strukturelle Reformen nötig

India

- “Modinomics” - Gujarat to Dehli

- Lower House majority, 1st since 1984

- Change mindsets & implementation

- Open to greater competition, FDI

Indonesia

- “Jokowinomics” – Solo to Jakarta;

- Clean government; minority in parliament

- 3% fiscal deficit; 60% govt debt to GDP

- Revive investment; choice of cabinet

1)

Quell graft



Transparency

2) Welcome FDI



Ambivalence

3) Eliminate inefficiencies



Inflation

4) Red tape



Red carpet

5) Technocrats in place



Functionality

6) Yoke into global supply chain



Significance

(13)

13

Geopolitische Risiken

Sources: Google

-

Known unknown

-

Ukraine-Russia

-

Iraq-ISIS

-

Oil prices

(14)

Erster Renminbi-ETF

Die

Commerzbank

hat gemeinsam mit der CCB International Asset Management Limited

(CCBI) den neuen

CBK CCBI RQFII Money Market UCITS ETF

gelistet.

Die Auswahl an Anlagen in Offshore Renminbi Investments ist nach wie vor begrenzt.

Der neue CBK CCBI RQFII Money Market UCITS ETF bietet europäischen Anlegern jetzt eine

Anlagemöglichkeit in Offshore Renminbi und ebnet damit einen Weg für Investments in

Renminbi denominierte Staats- und Unternehmensanleihen sowie Policy Bank Bonds.

Die RQFII Quote ermöglicht Offshore Renminbi Investments im Geldmarkt der

(15)

15

Asiatische Indizes und Produkte

Index

Index-Zertifikat (ISIN)

MSCI Pacific

DE000CB77NS2

MSCI Pacific ex Japan

DE000CB77NT0

FTSE/Xinhua China 25

DE000CB28YQ6 (Währungsgesichert)

Hang Seng China Enterprises

DE000CB6JFS3 (Währungsgesichert)

Hang Seng Index

DE000CB6JFR5 (Währungsgesichert)

MSCI Singapore FREE Index

DE000CB850H9

MSCI Taiwan TRN

DE000CB77WM6 (Währungsgesichert)

MSCI Thailand

DE000CZ23YV6

(16)

Asiatische Indizes und Produkte

Produkt Name

ETFs (ISIN)

ComStage HSCEI UCITS ETF

LU0488316992 (ETF023)

ComStage HSI UCITS ETF

LU0488316729 (ETF022)

ComStage China A50 Index USD

LU0947415054 (ETF024)

ComStage Nikkei 225 UCITS ETF

LU0378453376 (ETF020)

ComStage TOPIX UCITS ETF

LU0392496773 (ETF021)

ComStage MSCI Japan 100% Daily

Hedged Euro UCITS ETF

LU1033694107 (ETF025)

ComStage MSCI Pacific TRN UCITS ETF

LU0392495023 (ETF114)

ComStage MSCI Pacific ex Japan TRN

UCITS ETF

LU0392495296 (ETF115)

(17)

17

Forecasts

(18)

Forecasts

(19)

19

Forecasts

(20)

Source: Commerzbank