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在线翻译:
szdaily -> Markets -> 
MSCI lists 234 stocks for index inclusion
    2018-05-17  08:53    Shenzhen Daily

MSCI, the U.S. index publisher, said Tuesday that 234 Chinese large caps will be included in its global and regional indexes June 1, following a review ahead of China’s inclusion in MSCI’s widely tracked equity benchmarks.

The review ejected nine firms and added 11 in the MSCI China A Inclusion Index, slightly altering the expected weighting that the Chinese stocks will have in MSCI’s emerging market index.

The 234 yuan-denominated stocks, or China A shares, will represent an aggregate weight of 0.39 percent in the MSCI Emerging Markets Index at a 2.5 percent partial inclusion factor during the first step of the China entry. The second phase of the entry will take place in September.

MSCI’s long-awaited inclusion of Chinese stocks in its indexes next month is expected to draw increased foreign capital into China’s markets, where foreign ownership amounts to about 2 percent.

The top five inclusions by market cap were Shanghai Electric Group, Zhangzhou Pientzehuang Pharmaceutical Ltd., Heilan Home Co., Zhejiang Century Huatong Group Co. and Perfect World Co.

The top five deletions, also by market cap, were Shanghai Lujiazui Finance & Trade Zone Development Co., Jiangsu Bicon Pharmaceutical, Pacific Securities Co., Cosco Shipping Energy Transportation Co. and Guizhou Group Pharmaceutical Co.

The MSCI China A Inclusion Index is heavily weighted toward financials, consumer and real estate.

The firms include China’s biggest lenders such as Industrial and Commercial Bank of China, Bank of China and China Construction Bank, the country’s top consumer brands Kweichow Moutai and Qingdao Haier, as well as China’s major metal producers including Baoshan Iron & Steel.

Although much of the impact has been priced in already, the imminent China MSCI entry has rekindled interest in Chinese blue chips recently.

Raymond Ma, portfolio manager at Fidelity International, said he believed the inclusion of A shares in the MSCI indices would help the A-share market become more sophisticated, improve liquidity and be more driven by fundamentals rather than speculative factors.

Over the past two months, Chinese mutual fund houses have raised more than 10 billion yuan through a dozen newly-launched funds that track MSCI’s A-share indexes, while April’s foreign inflows via the Shanghai-Hong Kong stock connect hit a monthly record. (SD-Agencies)

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