NEW YORK -- Index provider MSCI has decided to incorporate yuan-denominated mainland China shares into its benchmark Emerging Markets Index, a vote of confidence in the Asian powerhouse's efforts to expand global access to its capital markets. MSCI expects initial inflows following partial inclusion of A shares to be around $17 billion to $18 billion, Reuters reported.
MSCI announced the move Tuesday afternoon here as part of its annual market classification review. A stock-connect scheme enabling investors in Hong Kong to trade shares listed on the Shenzhen market, combined with an existing Hong Kong-Shanghai stock link, helped make China's capital markets more open than they were a year ago, in the company's view.
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