综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Finance

Investors react to MSCI

By Wu Yiyao | China Daily | Updated: 2017-06-23 08:36
Share
Share - WeChat

Wanda Film trading halted, tumbling almost 10% on market speculation

China's A-share market opened buoyantly in Thursday morning trading, climbing higher over excitement about MSCI's decision to include mainland shares in a key index. But gains were erased in the afternoon on profit-taking and weakness in small-cap stocks. Analysts, however, said they remained bullish about A-shares in the long run as a result of the development.

The blue-chip CSI 300 index rose 0.1 percent to 3,590.34 points, while the Shanghai Composite Index lost 0.3 percent to 3,147.45 points.

Shares in Shenzhen-listed Wanda Film, a listed arm of Chinese conglomerate Wanda Group, halted trading after tumbling nearly 10 percent on speculation about Wanda Group.

The company denied as "malicious speculation" market rumors that banks had ordered a sale of its bonds, and said it was operating normally.

Investors continued to pile into stocks that will potentially benefit from inclusion in the MSCI Emerging Markets Index. The US index provider said on Tuesday it would add 222 China-listed stocks to its Emerging Markets Index, tracked by around $1.6 trillion in funds, with the inclusion process starting in June 2018.

Fang Xinghai, deputy head of China Securities Regulatory Commission, said in a television interview Wednesday evening that the MSCI would include more A-share stocks in its key index.

He added that quotas for Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor programs-among the major channels for foreign investors investing in China's market-were likely to be expanded accordingly.

Fang said it is likely that 30 percent of A-share listed stocks will be included in the MSCI key index. Currently more than 3,000 shares are listed on mainland's A-share market.

The MSCI inclusion "paves the way for global capital inflows into China's A-shares," rating agency Moody's said in a report on Wednesday, projecting roughly $11 billion in near-term fund inflows into mainland stocks from funds benchmarked to the EMI.

Citi China Securities Services said in a report that the MSCI inclusion of A-share stocks had long-term significance.

"Globalization of China's capital markets is a gradual and inevitable process," it said.

The firm said it believed that there may not be a sharp increase in the number of new QFII or RQFII license applicants due to the MSCI index inclusion, but foreign funds were likely to increase their investment quotas in response.

"We also expect to see an increase in the number of smaller overseas institutional investors accessing the A-shares via the Connect programs for the first time," the report said.

Reuters contributed to the story.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
清苑县| 会泽县| 古浪县| 昌平区| 泰宁县| 大关县| 濮阳市| 新蔡县| 宜章县| 梅河口市| 东海县| 赤城县| 临颍县| 西吉县| 宣化县| 丰城市| 鲁甸县| 奈曼旗| 遂平县| 竹溪县| 麻栗坡县| 澳门| 潮安县| 金山区| 南康市| 上虞市| 定襄县| 介休市| 缙云县| 西吉县| 大冶市| 北京市| 谢通门县| 博兴县| 香格里拉县| 太谷县| 蒙城县| 余江县| 华安县| 亳州市| 西丰县|