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MSCI drops Chinese stock due to foreign stake limit

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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 . . .

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