MSCI declines to add domestic Chinese shares to global benchmark

NEW YORK: U.S. index provider MSCI Inc on Tuesday declined to add domestic Chinese stocks to one of its key benchmarks, concluding that Beijing had more work to do in liberalizing capital markets and delivering a blow to Chinese policymakers hoping to broaden the appeal of their currency.

This is the third year running that MSCI has given so-called Chinese A-shares the thumbs-down, after first floating the idea of adding them to its Emerging Markets Index in 2013. Inclusion could eventually prompt asset managers, pension funds and insurers to pour up to US$400 billion of funds into mainland China’s equity markets over the next decade, according to analysts.

More work to do..

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