日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
China / View

MSCI signals investors have confidence in Chinese market

(China Daily) Updated: 2017-06-22 07:40

Global stock indexes provider MSCI's announcement on Tuesday that it will include 222 large Shanghai and Shenzhen listed companies into its widely followed Emerging Markets Index is a welcome move that caters to the needs of international investors and reflects their rising confidence in the Chinese economy.

Given that MSCI has more than $10 trillion worth of active and passive assets benchmarked against it, with $2 trillion tracking the Emerging Markets Index alone, the inclusion will surely buoy up the bearish Chinese domestic market in the long run.

This has not come easy, as MSCI has excluded Chinese mainland shares for three years in a row, citing China's restrictions on market access and on capital flows in and out of the country.

Yet with a valuation of more than $6 trillion, the Chinese mainland market now accounts for more than 10 percent of capitalization of the global equity market, so excluding domestically-traded A-shares from the index has made it at best incomplete, if not misleading.

The MSCI's decision to finally include them is recognition of the rapid progress China has made in making its stock markets more accessible to foreign investors, something that the index provider previously cited as a major concern.

Besides the Qualified Foreign Institutional Investors program, China has, since late 2014, launched Stock Connects, that give foreign investors access to the Shanghai and Shenzhen stock markets through Hong Kong. Though the quotas available are yet to expand, the Stock Connect program has been a big step forward in improving the accessibility of China's markets, "a game changer for the market opening of China A-shares," as Remy Briand, MSCI managing director and chairman of the MSCI Index Policy Committee, said in the news release announcing their inclusion in its index.

As part of China's moves to make companies more market-oriented and governed by law, new rules have also been put in place to regulate stock trading suspensions, a major issue when hundreds of companies halted their trading during a market crash in 2015.

Such measures have won broad support from international institutional investors.

Yet it is unrealistic to expect the MSCI inclusion will usher in a bull market for China. MSCI expects initial inflows following the inclusion of Chinese shares will be around $17 billion, a negligible amount compared with China's total market capitalization.

To make the Chinese market truly attractive, a lot more needs to be done to improve corporate governance.

The MSCI's inclusion of Chinese shares in its index should be the start of moves in that direction.

Highlights
Hot Topics

...
主站蜘蛛池模板: 新加坡毛片 | 国产宾馆自拍 | 色国产精品 | 日本性高潮视频 | 免费观看毛片网站 | 中文字幕の友人北条麻妃 | 日韩www | 日本一区二区三区免费视频 | 久久天天 | 丁香午夜| 欧美jizz| 99热久| 免费萌白酱国产一区二区三区 | 国产精品一区二区性色av | 国产一区二区成人 | 亚洲欧美国产视频 | 免费观看毛片网站 | 天天干天天干天天干 | 日本欧美一区二区三区 | 丁香六月久久 | 国产cao | 久久久免费观看 | 一区二区欧美视频 | 天天激情站 | 91极品国产 | 手机看片日韩av | 狠狠干五月天 | 婷婷四月 | 欧美日韩视频在线播放 | 中文字幕亚洲欧美日韩在线不卡 | 99热免费观看 | 91成人精品一区在线播放 | 成人爱爱视频 | 色天堂影院 | 国产成人97精品免费看片 | 在线a网| 黄色一级片在线 | 欧美作爱视频 | 日韩高清不卡一区 | www.五月激情 | 国产艳妇疯狂做爰视频 |