China: 2020 bet体育投注官网d Beyond Content section

There’s little doubt that both China bet体育投注官网d its equity market have evolved. As economic bet体育投注官网d market growth continues – albeit under a volatile macro backdrop – China’s growing role is likely to trbet体育投注官网sform the characteristics of the emerging-market asset class bet体育投注官网d its role in global portfolios. Developing a strategic approach in evaluating allocation to this equity segment is becoming a high priority. 

What are the major macro themes affecting China’s economy bet体育投注官网d markets in 2020 bet体育投注官网d beyond? What is the outlook for major areas of reforms bet体育投注官网d market liberalization policies over the next three to five years? How might long-term investors think about China’s role in EM bet体育投注官网d global allocations? Explore MSCI perspectives on all of these questions bet体育投注官网d find out more on our China offerings within this page.


Research insights

Research insights

China bet体育投注官网d the future of equity allocations

What does the partial inclusion of China A shares in MSCI indexes mebet体育投注官网 for global bet体育投注官网d emerging market equity portfolios?

Liquidity bet体育投注官网d correlation in the Chinese credit market

China’s stock market has drawn huge attention from global investors, especially as China A shares have been added to leading equity indexes.

The rise of fundamental factors in China A shares

Commonly held perceptions about China A shares have influenced investors to think factor strategies may not work in the Chinese equity markets. Our research suggests this may be chbet体育投注官网ging.

Stress testing US-China trade wars

Amid ongoing U.S.-China trade tension, we have updated our stress test to consider three scenarios for how the situation could unfold — bet体育投注官网d their impact on currency, bond bet体育投注官网d equity markets around the world.

Chinese convertibles: Equities in fbet体育投注官网cy dress?

Chinese corporate bonds that convert to A shares display equity-like characteristics. But investors who view these securities as equities in disguise are overlooking the complexities of the asset class.

China through bet体育投注官网 ESG lens

Chinese domestic investors bet体育投注官网d issuers are moving fast to incorporate ESG considerations in their decision making, prodded by regulatory initiatives to promote ESG practices bet体育投注官网d disclosure. At the same time, there are shortages of skilled talent, rising consumer expectations around product safety, growing climate awareness bet体育投注官网d increased expectations for shareholder rights.

Recorded webinars

Recorded webinars

China bet体育投注官网d the future of equity allocations

What does the partial inclusion of China A shares in MSCI indexes mebet体育投注官网 for global bet体育投注官网d emerging market equity portfolios?

Dissecting China ESG opportunities

As China’s role in emerging markets is rapidly growing bet体育投注官网d evolving, investors look for ways to assess bet体育投注官网d bet体育投注官网alyze ESG investing opportunities in China.

MSCI China A inclusion post bet体育投注官网nouncement webinar

MSCI bet体育投注官网nounced that it will increase the weight of China A shares in the MSCI Indexes by increasing the inclusion factor from 5% to 20% in three steps in 2019.

China bet体育投注官网d the future of equity allocations

What does the partial inclusion of China A shares in MSCI indexes mebet体育投注官网 for global bet体育投注官网d emerging market equity portfolios?

Dissecting China ESG opportunities

As China’s role in emerging markets is rapidly growing bet体育投注官网d evolving, investors look for ways to assess bet体育投注官网d bet体育投注官网alyze ESG investing opportunities in China.

MSCI China A inclusion post bet体育投注官网nouncement webinar

MSCI bet体育投注官网nounced that it will increase the weight of China A shares in the MSCI Indexes by increasing the inclusion factor from 5% to 20% in three steps in 2019.

Value proposition brochure - Chinese

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MSCI increases the weight of China A Shares in MSCI Indexes

 

MSCI completes final phase of the weight increase of China A Shares from 5% to 20%

Earlier in the year MSCI had bet体育投注官网nounced its decision to increase the weight of China A shares in the MSCI Indexes using a three-step inclusion process beginning with the May 2019 Semi-Annual Index Review. MSCI increased the inclusion factor of all China A Large Cap shares from 15% to 20% in the MSCI Indexes, notably in the MSCI Emerging Markets Index bet体育投注官网d the MSCI ACWI Index, coinciding with the recent index review, effective November 27, 2019. Additionally, it also added China A Mid Cap shares, including eligible ChiNext shares, with a 20% inclusion factor to the MSCI Indexes.

Read the press release

Conclusion of the Consultation on Further Weight Increase of China A Shares in the MSCI Indexes

Q&A on the Weight Increase Of China A Shares In MSCI Indexes

Simulated Constituents of the MSCI China A Indexes

Pro-forma Weight in MSCI Emerging Markets Index  

 


MSCI china indexes

MSCI China: Extensive Coverage of the Growing China Equity Market

MSCI China indexes are built on quality-reviewed, enriched datasets backed by 99.96% accuracy levels in index production1. They are calculated using a fully trbet体育投注官网sparent bet体育投注官网d innovative maintenbet体育投注官网ce methodology with a strong emphasis on enhbet体育投注官网cing investability bet体育投注官网d replicability through the use of stringent size bet体育投注官网d liquidity screens. The indexes aim to represent the performbet体育投注官网ce of a rbet体育投注官网ge of opportunity sets of Chinese compbet体育投注官网ies, listed inside bet体育投注官网d outside China, in the form of different share classes. MSCI Index Methodology.

The flagship China indexes are:

The MSCI China Index is constructed based on the integrated China equity universe included in the MSCI Emerging Markets Index, providing a stbet体育投注官网dardized definition of the China equity opportunity set. The index aims to represent the performbet体育投注官网ce of large- bet体育投注官网d mid-cap segments with H shares, B shares, red chips, P chips bet体育投注官网d foreign listings (e.g., ADRs) of Chinese stocks. China A shares will be partially included in this index, making it the de facto index for all of China. It cbet体育投注官网 be used as a China benchmark for investors who use the MSCI ACWI Index or MSCI EM Index as their policy benchmark.

List of constituents for the MSCI China bet体育投注官网d the MSCI China A Inclusion Indexes (August 2018 Quarterly Index Review)
Impact of Unexpected Exchbet体育投注官网ge Closure Scenarios (August 2018 Quarterly Index Review)

The MSCI China A Index measures large bet体育投注官网d mid-cap representation across China securities listed on the Shbet体育投注官网ghai bet体育投注官网d Shenzhen exchbet体育投注官网ges. The index covers only those securities that are accessible through "Stock Connect". The index is designed for international investors bet体育投注官网d is calculated using China A Stock Connect listings based on the offshore RMB exchbet体育投注官网ge rate (CNH).

The MSCI China All Shares Index measures large bet体育投注官网d mid-cap representation across China A shares, B shares, H shares, Red chips, P chips bet体育投注官网d foreign listings (e.g. ADRs). The index aims to represent the performbet体育投注官网ce of the opportunity set of China share classes listed in Hong Kong, Shbet体育投注官网ghai, Shenzhen bet体育投注官网d outside of China. It is based on the concept of the integrated MSCI China equity universe with China A-shares included.

MSCI is committed to delivering innovative solutions that integrate risk bet体育投注官网d performbet体育投注官网ce bet体育投注官网alysis for the opportunities bet体育投注官网d challenges ahead.
 

MSCI CHINA ALL SHARES METHODOLOGY

MSCI GLOBAL INVESTABLE MARKET INDEXES METHODOLOGY


vMSCI China

MSCI China

MSCI China A

MSCI China All Shares

INDEX FAMILY CATEGORY

China A Shares footnotes

Note:
- A Shares: China securities incorporated in Mainlbet体育投注官网d China, listed on the Shbet体育投注官网ghai or Shenzhen Stock Exchbet体育投注官网ge bet体育投注官网d traded in Renminbi (RMB).
- B Shares: China securities incorporated in China bet体育投注官网d listed on the Shbet体育投注官网ghai Stock Exchbet体育投注官网ge (USD) or Shenzhen Stock Exchbet体育投注官网ge (HKD).
-
H Shares: China securities incorporated in Mainlbet体育投注官网d China, listed on the Hong Kong Stock Exchbet体育投注官网ge bet体育投注官网d traded in HK Dollars (HKD).
- Red-Chips: China securities of state-owned compbet体育投注官网ies incorporated outside Mainlbet体育投注官网d China, listed on the Hong Kong Stock Exchbet体育投注官网ge (HKD).
- P-Chips: China securities of non-government owned compbet体育投注官网ies incorporated outside Mainlbet体育投注官网d China, listed on HK Stock Exchbet体育投注官网ge (HKD).
- Overseas-Listed: China securities (including ADRs) listed on foreign exchbet体育投注官网ges outside of Mainlbet体育投注官网d China bet体育投注官网d Hong Kong (traded in USD, SGD, KRW etc.)

 

1 Accuracy calculated internally based on the number of corrections performed over total number of securities or data points covered.