CFA Institute Financial NewsBrief: Asia Pacific EditionDesigned specifically for Asia Pacific finance and investment professionals, CFA Institute Financial NewsBrief: Asia Pacific Edition is a FREE, daily e-mail newsletter. By providing the latest need-to-know industry news and information, CFA Institute Financial NewsBrief: Asia Pacific Edition saves you time and keeps you smart.&nbsp;Click&nbsp; <a href='http://www.smartbrief.com/cfa_ap/index.jsp?sb_code=rss'>here</a> to subscribe.http://www.smartbrief.com/news/cfa_ap?sb_code=rsshttp://www.smartbrief.com/images/homepage/hed-smartbrief.gifCFA Institute Financial NewsBrief: Asia Pacific Editionhttp://www.smartbrief.com/news/cfa_ap?sb_code=rssen-us23 May 2013 17:43:01 CDTChina's factory activity down in Mayhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DA622476C-4588-4330-9E45-3BF6A41E6627%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DA622476C-4588-4330-9E45-3BF6A41E6627%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssManufacturing activity in China shrank in May to the lowest level in seven months.  -More- ]]>23 May 2013 17:43:01 CDTTop StoriesChina's 2012 data reveal no progress on rebalancing economyhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D0A5AB128-E1CE-47FA-B4FF-EF6E4A160493%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D0A5AB128-E1CE-47FA-B4FF-EF6E4A160493%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssDespite a drive to build up its domestic consumption, China last year ended up boosting fixed investment as a share of the ec -More- ]]>23 May 2013 17:43:01 CDTTop StoriesU.S. Fed official emphasizes no change in course imminenthttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DBEBAF7CD-AFBE-4C3F-B513-D4EC99AF2C7B%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DBEBAF7CD-AFBE-4C3F-B513-D4EC99AF2C7B%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssResponding to jittery markets Thursday after remarks by U.S. Federal Reserve Chairman Ben Bernanke on Wednesday, St.  -More- ]]>23 May 2013 17:43:01 CDTTop StoriesU.S. jobless-benefit claims declinehttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DF819BA17-8EBC-491A-844A-27666077A29B%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DF819BA17-8EBC-491A-844A-27666077A29B%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssThe number of new U.S. claims for unemployment benefits fell sharply last week after a jump in claims the previous week.  -More- ]]>23 May 2013 17:43:01 CDTTop StoriesSales of new U.S. homes, prices climb in Aprilhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D2CAB3E60-0B62-4E86-B863-F896033B7F2D%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D2CAB3E60-0B62-4E86-B863-F896033B7F2D%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssSales of new U.S.  -More- ]]>23 May 2013 17:43:01 CDTTop StoriesEurozone factory/services PMI improveshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D5B6AEB7A-46B5-40DF-BF1E-9482E7DE7055%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D5B6AEB7A-46B5-40DF-BF1E-9482E7DE7055%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssA composite gauge of eurozone factory and services output rose more than expected this month but remained below the break-eve -More- 

CAREERS at CFA Institute
Director, Curriculum Projects

]]>23 May 2013 17:43:01 CDTTop StoriesThis week's poll results: What is the primary cause of speculative investment bubbles?http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D196E19CA-5D72-4999-A6E3-D4E72AD1BD76%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D196E19CA-5D72-4999-A6E3-D4E72AD1BD76%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssEditor's note: This week's poll results ran in yesterday's edition without the accompanying analysis.  -More- ]]>23 May 2013 17:43:01 CDTReader SurveyAnalysis:http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D79E6FF61-59DC-4CAB-A438-8AE48550BB46%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D79E6FF61-59DC-4CAB-A438-8AE48550BB46%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssNearly 30% of respondents to this week's poll think the behavioral biases of investors are the primary cause of investment bu -More- ]]>23 May 2013 17:43:01 CDTReader SurveyINTERNATIONAL MARKETS OVERVIEWhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D5FE08A87-4DF6-44CB-A396-2A6FC407F67D%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D5FE08A87-4DF6-44CB-A396-2A6FC407F67D%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssA selloff in Japan, poor Chinese manufacturing numbers and worries that the U.S.  -More- ]]>23 May 2013 17:43:01 CDTMarket ActivitiesNikkei plunges more than 6%, leading Asian selloffhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DD2D1CB49-514B-4DAD-A6B6-AE6CB9D9F289%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DD2D1CB49-514B-4DAD-A6B6-AE6CB9D9F289%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssSurprisingly weak Chinese manufacturing data for May, a rising yen and reaction to ambivalent signals from the U.S.  -More- ]]>23 May 2013 17:43:01 CDTMarket ActivitiesBank of Japan intervenes in gyrating government bond markethttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DCAFF4F44-270B-4035-9965-7C40B2CCCADD%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DCAFF4F44-270B-4035-9965-7C40B2CCCADD%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssJapan's central bank stepped in Thursday to calm the government bond market after wild swings.  -More- ]]>23 May 2013 17:43:01 CDTMarket ActivitiesSouth Korean economy is forecast to pick up pace in 2014http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DCBACF5D4-E55A-4565-A326-DA2A022CD3DE%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DCBACF5D4-E55A-4565-A326-DA2A022CD3DE%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssA forecast pickup in exports and domestic demand should boost South Korean GDP growth to 3.6% in 2014, the Korea Development  -More- ]]>23 May 2013 17:43:01 CDTEconomic Trends & OutlookSouth Korean central bank chief warns of rate risk in end to QEhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D193EA7CA-D7E8-4D0F-8528-EB1993C9AC70%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D193EA7CA-D7E8-4D0F-8528-EB1993C9AC70%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssIf quantitative easing in leading economies is scaled back, it's likely to lead to speedier implementation of Basel III reser -More- ]]>23 May 2013 17:43:01 CDTEconomic Trends & OutlookSingapore economy grows in 1st quarter as exports slidehttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D25ABBF75-E50C-4743-9720-214A0A85FA58%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D25ABBF75-E50C-4743-9720-214A0A85FA58%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssSingapore's economy expanded 1.8% in the first quarter, reversing expectations of a contraction.  -More- ]]>23 May 2013 17:43:01 CDTEconomic Trends & OutlookIMF: Philippine economy growing at 6% clip; Moody's: No housing bubblehttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D36754436-7E75-4C0B-9851-409320987C8A%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D36754436-7E75-4C0B-9851-409320987C8A%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssThe International Monetary Fund says the Philippine economy probably grew at a 6% annual pace in the first quarter, about the -More- ]]>23 May 2013 17:43:01 CDTEconomic Trends & OutlookChina's central bank boosts market liquidityhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D6528C011-4A25-4525-B114-0F1C9330FC7E%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D6528C011-4A25-4525-B114-0F1C9330FC7E%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssChina's central bank switched course and injected 128 billion yuan into the banking system this week.  -More- ]]>23 May 2013 17:43:01 CDTCapital Markets & Financial ProductsForeign bond purchases boost South Korean foreign exchange turnoverhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DB6F528D8-71DE-430D-9DF2-56101838999E%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DB6F528D8-71DE-430D-9DF2-56101838999E%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssLocal bond purchases by foreigners accounted for a big jump in turnover at South Korea's foreign exchange banks in the first  -More- ]]>23 May 2013 17:43:01 CDTCapital Markets & Financial ProductsIndian central bank advisers objected to rate cuthttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D2F23616F-A667-408E-AB85-3C03DC0415EC%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D2F23616F-A667-408E-AB85-3C03DC0415EC%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssThe Indian central bank's decision to reduce its interest rate by a quarter point ran into resistance from a majority of its  -More- ]]>23 May 2013 17:43:01 CDTCapital Markets & Financial ProductsChina's SAFE staffs New York officeshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DE9A1F370-B903-4EE0-B076-AD0F716CFA44%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DE9A1F370-B903-4EE0-B076-AD0F716CFA44%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssChina's State Administration of Foreign Exchange now reportedly has a staff of 12 at its new offices in New York, expanding i -More- ]]>23 May 2013 17:43:01 CDTIndustry & Regulatory UpdateHSBC China profit up 8.6% in 2012 as loan volume surgeshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D737E4373-9187-4346-B84C-5C7F42C02FAE%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D737E4373-9187-4346-B84C-5C7F42C02FAE%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssHSBC Bank (China) reported an 8.6% rise in net profit to 4.48 billion yuan for 2012 as the bank's total value of loans climbe -More- ]]>23 May 2013 17:43:01 CDTIndustry & Regulatory UpdateLee Soon-woo is nominated to head Woori Financialhttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D0A427A82-F46E-4C09-B41B-0159BC6C42C0%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3D0A427A82-F46E-4C09-B41B-0159BC6C42C0%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssLee Soon-woo has been nominated to be the next chairman of South Korea's Woori Financial Group.  -More- ]]>23 May 2013 17:43:01 CDTPeople & PersonalitiesCFA Institute Financial NewsBrief will not publish May 27http://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DE058EFC2-20A8-48EB-B73D-795CEF25D669%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3Drsshttp://www.smartbrief.com/servlet/rdrc?u=%2Fnews%2FstoryDetails.jsp%3Fissueid%3D768FD56D-B0BA-4FF6-B1CC-06FDB593DFD0%26copyid%3DE058EFC2-20A8-48EB-B73D-795CEF25D669%26brief%3Dcfa_ap%26sb_code%3Drss%26%26campaign%3DrssIn observance of the Memorial Day holiday in the U.S., the CFA Institute Financial NewsBrief Asia-Pacific Edition will not pu -More- ]]>23 May 2013 17:43:01 CDTEditor's Note