www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Business

MSCI deal is on the cards

By Oswald Chan in Hong Kong | China Daily | Updated: 2017-06-20 06:58

Key decision means Chinese companies could join emerging market index

A decision to include China's A-share companies in the MSCI Emerging Market Index could finally happen later this year.

Plans have been shelved three times to include China's A-share index in the EMI, which is compiled by Morgan Stanley Capital International, or MSCI.

In this latest move, only 169 China-listed stocks will be considered for the MSCI, which is down from the 448 listed companies under the previous proposal.

Talks between the EMI and China's A-share index centered on this pared down solution, according to the MSCI's consultation document published on its website in March.

MSCI deal is on the cards

Still, all the 169 mainland companies can be currently accessed by foreign investors on the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect.

"There is a 50 percent possibility that the MSCI will include China A-shares this year as the two cross-border investment schemes have improved the accessibility of the A-share market," said Jing Ulrich, vice-chairwoman of Asia Pacific at JPMorgan Chase & Co.

"We expect the Chinese government to continue to open up the financial markets gradually," Ulrich added.

The A-share index had been rejected three times in its bid to be included in the MSCI Emerging Market Index during the past three years.

In 2016, MSCI cited restrictions on foreign investment flows in the mainland market, trading suspensions of Chinese-listed companies and pre-approval requirements as the three main hurdles.

If a deal is finally hammered out, A-shares would account for just 0.5 percent of the MSCI Emerging Markets Index. And they would probably be included in the EMI next year.

By opening up the mainland market through the Shanghai-Hong Kong Stock Connect in 2014 and the Shenzhen-Hong Kong Stock Connect last year, the central government has gradually eased capital restrictions and investment quotas.

Also, by focusing on large-capitalization stocks, the problems arising from share trading suspension are to a large extent resolved.

The only obstacle to overcome is the pre-approval requirement. Discussions are still being held in an effort to solve this problem.

Even so, China's A-share index will be small compared to the overall MSCI Emerging Market Index.

"With $1.6 trillion worth of assets under management in the MSCI Emerging Market Index, the 0.5 percent weight will bring only $8 billion of inflows to A-shares," said Aidan Yao, senior emerging Asia economist at AXA Investment Managers.

"This represents 0.8 percent of A-shares' free-float market capitalization and 2.6 percent of its daily trading turnover," he added.

But global fund managers stressed that investing in the A-share market will pay off in the long term.

oswald@chinadailyhk.com

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 尤物蜜芽福利国产污在线观看 | 高清国产露脸捆绑01经典 | 国产精品免费看久久久香蕉 | 免费一区二区三区四区 | 国产偷国产偷亚洲高清在线 | 三级黄色片网址 | 日韩欧美毛片免费观看视频 | 日韩国产欧美一区二区三区在线 | 午夜主播福利视频在线观看 | 久久久久国产精品免费免费 | 美女视频大全网站免费 | 国产精品久久久久一区二区 | 成人做爰视频www在线观看 | 国产永久免费高清动作片www | 久草在线免费资源站 | 免费观看欧美成人h | 日本欧美韩国一区二区三区 | 在线播放一区二区精品产 | 成人国产在线看不卡 | 免费在线一级毛片 | 美女扒开腿让男人桶爽免费动态图 | 久久精品国产大片免费观看 | 在线中文字幕日韩 | 永久精品免费影院在线观看网站 | 国产免费视屏 | 久热香蕉精品视频在线播放 | 国产成人精品一区二区秒拍 | 久久青草免费免费91线频观看 | 亚洲偷| 日本a级毛片免费视频播放 日本a级三级三级三级久久 | 久草精品视频 | 久草在线视频资源站 | 久久a级片| 欧美性色黄大片在线观看 | 欧美激情视频在线观看一区二区三区 | 成人在线视频免费看 | 怡红院视频在线观看 | 日本一区二区三区在线 视频观看免费 | 和老外3p爽粗大免费视频 | 特黄特黄 | 欧美午夜精品一区二区三区 |