China Shares in Emerging Markets Index Will Attract $40 Billion: JPMorgan
The long-awaited addition of China’s A-shares to the benchmark MSCI Emerging Markets Index next month will bring $40 billion of capital inflows to mainland stock markets, according to a top executive of JPMorgan.
Jing Ulrich, vice chairman of JPMorgan Asia Pacific, said global investors are preparing to increase their holdings of Chinese stocks in advance of the change by MSCI Inc., an American-based provider of equity indexes and market data. A-shares are yuan-denominated common stocks traded on Chinese securities exchanges.
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