Wake-up call for RMBelievers

Jun 15, 2014

MSCI’s no to A-shares is a time to reflect on other hurdles to China's financial liberalisation.

MSCI’s decision not to admit China A-shares to its global emerging-market indices suggests China is nowhere nearer an answer for what to do with the renminbi than it was a year-and-a-half ago, when newly installed premier Li Keqiang made plain his ambitions regarding economic reform and revitalisation.

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