IMF move on RMB won't impact MSCI A-share decision
The International Monetary Fund’s designation of the renminbi as a reserve currency will not affect MSCI's decision on including China A-shares in its global emerging-markets index.
The designation of the renminbi as a global reserve currency may give China more credibility in global financial markets, but it will not impact when mainland stocks will be included in MSCI’s influential emerging-market indices.
The International Monetary Fund said on Monday it would include the RMB in its special drawing rights (SDR) basket of global reserve currencies, alongside the dollar, euro, sterling and yen.
Fund managers said this week that the move will have a major,…
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