MSCI moves Chinese shares further into the mainstream
In eight months time, Chinese A-shares will make up 3.3% of the MSCI Emerging Markets Index. It is likely to spur capital flows and the development of A-share futures.
It wasn't a total surprise – much of it was already coming anyway. But the gusto with which the MSCI news was received on Friday, with the Shanghai Composite Index closing with its strongest weekly gain in four years, hinted at a possible coming of age for China's A-shares market.
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