Heard on the Street: The opening up of China’s stock market to the global financial system is a mixed blessing for Chinese companies—and international investors
The opening up of China’s stock market to the global financial system is a mixed blessing for Chinese companies—and the international investors now giving them more money than ever.
On Wednesday, index giant MSCI Inc. completed a planned increase in the weight of the country’s domestic stocks—A-shares—in the flagship MSCI Emerging Markets Index. The change raises the weighting of A-shares to 20% of a full market share, meaning they now make up 4% of the EM Index, up from 0.7% in February. The Hong Kong Stock Connect, which...
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