In a long awaited decision, MSCI said Tuesday it plans to add mainland Chinese shares to its benchmark emerging markets index.
The index giant said it will add 222 China A Large Cap stocks on a gradual basis beginning next year. The review is the fourth straight year MSCI has considered adding the mainland-traded stocks, known as A shares in China.
“International investors have embraced the positive changes in the accessibility of the China A shares market over the last few years and now all conditions are set for MSCI to proceed with the first step of the inclusion,” Remy Briand, MSCI Managing Director and Chairman of the MSCI Index Policy Committee, said in a release.
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