The global index compiler MSCI Inc. will remove a Shenzhen-listed stock from its China indexes and cut the weighting of Midea Group Co, due to investibility issue triggered by foreign ownership limit. The company urges China to consider relaxing foreign-ownership limit in the A-share market to prevent more companies from being removed from its benchmarks.
The New York-based index compiler said it will remove Han’s Laser Technology Industry Group Co. from its MSCI Global Investable Market Indexes and MSCI China All Share Indexes starting March 11, because the stock had reached the 28 per cent . . .
To continue reading, please subscribe:
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
Not satisfied with general information that you can get everywhere? Join us now! We go deeper to bring you details, data and perspectives you won't read elsewhere!
What you'll get:
- In-depth & data-driven reporting on China's economy and financial markets
- Daily Brief newsletter delivered before market open every weekday. You don't have to spend time to source information about this market. We do it for you! You only need to spend 10 minutes every day to read our newsletter!
- Exclusive interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In