综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Top Stories

Stocks boosted on prospect of inclusion of A-shares in index

By Paul Welitzkin in New York | China Daily USA | Updated: 2016-06-01 11:16

Stocks in China rallied on Tuesday as investors seemed to speculate that the country's A-shares may soon be accepted by a well-known global index provider.

The Shanghai Composite Index surged as much as 3.3 percent, closing at 2,916.62, led by financial companies. The Shenzhen Component Index rose 4 percent, while the ChiNext startup index climbed by 4.9 percent.

The sharp gains came as a report from Goldman Sachs speculated that the likelihood of global index provider MSCI adding mainland-traded Chinese stocks, or A-shares, to its investment benchmarks like the Emerging Markets Index rose to 70 percent from 50 percent.

"The change to trading suspension rules addressed one of the key concerns raised by foreign investors during the MSCI annual survey, which can be a spark to the stock market rebound," said Hong Hao, managing director at BOCOM International Ltd.

MSCI could decide to include the A shares in its benchmark indexes by June 15. Nearly one year ago, MSCI decided against including the shares due to investment restrictions.

Asset managers, pension funds, insurers and individual investors hold passive investments like an exchange-traded fund (ETF) or mutual fund that tracks an MSCI index.

Last week, China's stock exchanges published rules that restrict arbitrary trading suspensions for Chinese stocks. Trading halts will be capped at three months for major asset restructuring and one month during private placements. The bourses will have the right to reject trading-halt applications under extreme market circumstances to protect investors, Bloomberg reported.

Brendan Ahern, chief investment officer at Krane Shares, a US-based provider of China-focused ETFs, said the outright elimination of trading halts would have made inclusion a certainty. "The new rules are a step forward in minimizing the concerns investors have with halts," he said.

The Goldman report cited the revised rules on trading halts in part for raising its outlook for MSCI inclusion. However, a report from Citi research didn't improve the chances for MSCI inclusion despite the change.

Ahern said MSCI has highlighted investor concern on three issues: trading halts, beneficial ownership of on-shore stocks held by foreign investors, and required government approval to list ETFs and mutual funds that have exposure to equities on the mainland.

"Since April we have seen the beneficial ownership issue clarified, which should eliminate it as a concern. The new (trading) halt rules ease though doesn't eliminate the concern of daily liquidity providers," he said.

paulwelitzkin@chinadailyusa.com

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
曲周县| 沛县| 松溪县| 台湾省| 天长市| 仪征市| 洪泽县| 凤阳县| 富裕县| 淅川县| 麻阳| 南安市| 佛坪县| 五峰| 福泉市| 吴旗县| 富宁县| 苗栗县| 清水县| 额敏县| 武胜县| 疏勒县| 民和| 黔西县| 文登市| 宜宾县| 海兴县| 桂东县| 金平| 沧州市| 江津市| 兖州市| 庐江县| 股票| 丰都县| 清远市| 东乡族自治县| 抚宁县| 甘泉县| 无棣县| 商水县|