Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
LATEST
China Doesn’t Engage in ‘State Monopoly Capitalism’: Banking Chief
Huawei Seeks $1 Billion in First Big Funding Test After U.S. Ban
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
Hong Kong Banking Tycoon Passes Baton to Two Sons
Fears Grow as Fall Armyworm Continues Invasion of Chinese Farms
Rural Policy Bank Sells Bond to Retail Investors in Hong Kong
Baidu Continues Shaking Up Its Management Board
Xiaomi Fires Vice President for ‘Obscene’ Behavior
Update: Chinese EV Startup Digs Into Real Estate
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
MSCI Indexes to Include ChiNext Stocks for First Time

By Liu Jiefei and Zhang Yu / May 14, 2019 02:50 PM / Finance

Photo: VCG

Photo: VCG

Global index giant MSCI will add stocks trading on Shenzhen’s ChiNext board to its indexes for the first time, allowing foreign investors to tap the tech-focused board by investing in the indexes.

MSCI has decided to add 26 Chinese A-shares to the MSCI China A Large Cap Index, of which 18 are ChiNext stocks, according to its press release on Tuesday. In addition, the company will raise the inclusion factor of 238 existing constituents in the index from 5% to 10%, which means 10% of total market capitalization of the shares will be added to MSCI indexes.

After all the changes become effective after the market closes for the day on May 28, Chinese A-shares will have an aggregate weight of 5.25% and 1.76% in the MSCI China Index and MSCI Emerging Markets Index, respectively, according to MSCI.

The move is the first of MSCI’s three steps to increase the weighting of Chinese A-shares in its indexes this year. MSCI will increase the weighting of large-cap Chinese A-shares by raising the inclusion factor to 15% in August and to 20% in November. Additionally, the company will add mid-cap A-shares, including eligible ChiNext shares, with a 20% inclusion factor in November.

Related: MSCI to Raise Index Weighting for China Stocks

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.