国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語(yǔ)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
汾阳市| 普格县| 白河县| 平罗县| 策勒县| 洛南县| 丹巴县| 祁阳县| 建德市| 长治县| 贵南县| 长寿区| 蚌埠市| 宜兰市| 广元市| 舒城县| 天镇县| 镇远县| 惠安县| 旬阳县| 隆安县| 故城县| 锦屏县| 康平县| 张掖市| 宁都县| 合阳县| 原阳县| 永昌县| 牡丹江市| 山东| 阳春市| 东港市| 荣昌县| 财经| 开封县| 武山县| 福建省| 华蓥市| 沈阳市| 浠水县|