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MSCI Adds Zhipu, Semiconductor Firms to China Index, Drops Solar Names

Published: Aug. 14, 2026 12:17 a.m. GMT+8

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The changes are part of MSCI’s August quarterly index review and will become effective after the close of trading on Aug. 31. Photo: VCG

MSCI Inc. is adding 33 companies to its MSCI China Index, including a cluster of semiconductor-related firms and AI developer Zhipu AI, while deleting 32 stocks including China Vanke Co. Ltd.

The latest reshuffle reflects a broader reordering of valuations in China’s capital market, with investor interest shifting toward AI and semiconductor supply chains and away from pressured clean-energy names and some autonomous-driving plays.

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MSCI adds 33 stocks to China Index, including Zhipu AI and semiconductor firms; deletes 32, including Vanke and solar/autonomous driving stocks.
Zhipu AI, listed in Hong Kong, is the largest new MSCI Emerging Markets constituent by market cap (over 500 billion yuan), with 132% revenue growth.
MSCI ACWI adds 55 and deletes 92; developed-market additions include SanDisk, Carpenter Technology, and ATI Inc. Changes effective Aug. 31.
MSCI ACWI adds 55 and deletes 92; developed-market additions include SanDisk, Carpenter Technology, and ATI Inc. Changes effective Aug. 31.

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Who’s Who

MSCI Inc.: MSCI Inc. conducted its August quarterly index review, adding 33 companies to its MSCI China Index, including Zhipu AI and semiconductor firms. It deleted 32 stocks, such as China Vanke and several solar companies. The changes shape holdings of passive funds tied to MSCI benchmarks.

Zhipu AI: Zhipu AI is an AI developer added to the MSCI China Index. Listed in Hong Kong, it is the largest new MSCI Emerging Markets Index constituent by market cap, valued at over $74 billion. Despite ongoing losses, investor enthusiasm for its LLMs drove a 132% revenue increase in 2025.

China Vanke Co. Ltd.: MSCI Inc. deleted China Vanke Co. Ltd. from its MSCI China Index in its August quarterly review. The company was among 32 stocks removed, reflecting a market shift in valuations toward AI and semiconductor supply chains.

Kingboard Holdings Ltd.: Kingboard Holdings Ltd., the Hong Kong-listed AI hardware component maker, was added to the MSCI China Index. It was the subject of the article's mention.

Hesai Technology: According to the article, LiDAR maker Hesai Technology is being dropped from the MSCI China Index in August, just six months after its February addition. The deletion reflects a shift in investor interest away from autonomous-driving plays. The company is listed in the U.S. and Hong Kong.

Pony AI Inc.: Pony AI Inc. (小马智行), an autonomous driving firm listed in the U.S. and Hong Kong, was dropped from the MSCI China Index just six months after joining in February, reflecting shifting investor sentiment.

JA Solar Technology Co. Ltd.: JA Solar Technology Co. Ltd. is among the solar companies removed from MSCI's China Index in the August review. The deletion reflects market-value declines across the sector, caused by overcapacity, lower prices, and narrowing profit margins.

Trina Solar Co. Ltd.: Trina Solar Co. Ltd. is being removed from the MSCI China Index. The deletion reflects market-value declines across the solar sector due to overcapacity, lower prices and narrowing profit margins.

Xinjiang Daqo New Energy Co. Ltd.: According to the article, Xinjiang Daqo New Energy Co. Ltd. was deleted from the MSCI China Index. It was removed due to market-value declines across the solar sector, which is suffering from overcapacity, lower prices, and narrowing profit margins.

GCL Technology Holdings Ltd.: According to the article, GCL Technology Holdings Ltd. is being removed from the MSCI China Index. The solar company is among several clean-energy names deleted in the quarterly review, reflecting market-value declines across the sector due to overcapacity, lower prices, and narrowing profit margins.

Xinyi Solar Holdings Ltd.: According to the article, Xinyi Solar Holdings Ltd. is being removed from the MSCI China Index. The deletion reflects market-value declines across the solar sector due to overcapacity, lower prices, and narrowing profit margins.

SanDisk: The article states that SanDisk is among the largest additions to the MSCI All Country World Index during the August quarterly review, effective after trading closes on August 31.

Carpenter Technology Corp.: Carpenter Technology Corp. was added to the MSCI All Country World Index (developed-markets index) during its August quarterly review, listed among the largest additions alongside SanDisk and ATI Inc.

ATI Inc.: According to the article, ATI Inc. was one of the largest additions to the MSCI All Country World Index's developed-markets component during the global review. This inclusion matters as it shapes the holdings of passive funds tracking MSCI benchmarks.

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