HONG KONG -- MSCI is boosting the weight of Chinese stocks in its closely tracked Emerging Markets Index, a move that is expected to draw tens of billions of dollars into the country's stock markets and further the drive for financial reforms.
In a sign of China's greater integration into global markets, the U.S. provider of market indexes said on Friday that China's domestically traded stocks would account for 3.3% of its leading Emerging Markets Index by November, against 0.78% currently. Both large- and mid-cap stocks will be included.
