HONG KONG -- China's domestically listed stocks will be added to the FTSE Russell's global indexes, the data and analytics provider said on Thursday, giving Beijing another victory in its push for greater global financial integration. The announcement comes a day after MSCI said it would consider lifting the weighting of mainland stocks in its benchmark indexes.
FTSE Russell, owned by the London Stock Exchange Group, said it will begin including China A-shares into its global equity index series in three phases starting from next June to March 2020. A-shares will make up about 5.5% of the FTSE Emerging Index "representing initial net passive inflows of $10 billion of assets under management," the company said in a statement. In the FTSE Global All Cap Index, A-shares are expected to have a weighting of roughly 0.57%, it said.
