Index company MSCI Ming Sheng announced that the mainland A shares into its emerging market index, effective from June next year, the initial plan in two stages of implementation, with the A-share market access level continued to improve, A-share index is expected to enhance the weight.
After three "closed doors", A shares finally succeeded in "into the", MSCI announced that the A shares into its emerging markets, and ACWI global index.
The initial inclusion of 222 large A shares, more than the original proposed 169, all listed in Hong Kong and China, through interconnection mechanism trading, and not affected by the suspension factor of the shares, the initial index weight percentage Of 0.73.
In order to cushion the daily quota of Shanghai Stock Exchange and Shenzhen Stock Exchange, the plan will be implemented in two phases, namely May and August next year. MSCI said that if the mainland in the A shares into the index before the cancellation of daily trading quota, will consider the inclusion of plans to a one-time implementation.
MSCI refers to the positive development of China-Hong Kong stock market interconnection mechanism, bringing a revolutionary change to the open A-share market. With the improvement of A-share market access in the future, the A-share index is expected to improve after the experience of international institutional investors is experienced.
Although the CSI to strengthen the suspension of listed companies after the suspension, the suspension A shares significantly reduced, but MSCI refers to investors still believe that the number of A shares suspended, compared with the international market is still at an unusually high, hope the mainland can intensify efforts to solve problem.
MSCI refers to the inclusion of the number of shares and the weight of the index, depending on the A-share market access, whether it is closely aligned with the international community, including interconnection. For the institutional investors, MSCI provides guidance on the future inclusion of the A shares in the future. Whether the mechanism can be tested, the Shanghai Stock Exchange and Shenzhen Stock Exchange daily relaxation of the amount of stock suspension to improve the situation.
HSBC Greater China Chief Executive Huang Bijuan said, MSCI's decision, marking the A shares into the international capital market at a critical moment, due to the current global about 1.5 trillion US dollars of investment to MSCI emerging market index as a benchmark, A shares " "Will stimulate a lot of money gradually into the mainland market.