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Global equity index provider MSCI put off the inclusion of China's renminbi-dominated stock market in its influential Emerging Markets Index.
In its 2016 Market Classification report, the index compiler credited improvement in the accessibility of the China A shares market for global investors. It said investors recognized action taken to further open the China A shares market and highlighting the topic of beneficial ownership has been satisfactorily addressed.
The MSCI said it extends the period of observation to assess the effectiveness of changes in Qualified Foreign Institutional Investor quota allocation and capital mobility policies.
As a result, the MSCI will retain the China inclusion proposal for the 2017 review and doesn't rule out a potential off-cycle announcement ahead of it.
(Source: CNTV.cn)
