China intro para

In 2019 MSCI increased the inclusion ratio of China A shares from 5% to 20% in the MSCI Emerging Markets Index. Investors globally are now increasingly re-evaluating the appropriate allocation framework of their equity portfolios. China’s growing economic strength and improving market accessibility may transform the characteristics of the emerging-market asset class and its role in global portfolios.

In particular, the growing size of China within emerging markets portfolios raises a question for global investors whether to establish a dedicated China allocation or continue to incorporate China as a component of their emerging market allocation. MSCI is committed to providing a comprehensive suite of innovative product offerings and research-based solutions to help institutional investors navigate the opportunities and challenges.

China Indexes section

Indexes

The MSCI China Indexes consist of a range of market capitalization weighted and alternative weighted indexes for the Chinese markets, intended for both domestic and international investors, including Qualified Foreign Institutional Investors (QFII) licensees. The flagship MSCI China and MSCI China A indexes are calculated using transparent and innovative methodologies, with a strong emphasis on investability and replicability using stringent size and liquidity screens according to the MSCI Global Investable Market Indexes (GIMI) Methodology.

China Indexes Classification

MSCI China Indexes Classification

 

Flagship Market Cap Indexes

内嵌的应用

Flagship Indexes

Indexes

MSCI China
MSCI China A

China Indexes Classification Duplicate 3

Methodology

Target to cover 85% of the free float market cap of the China Equity Universe across H-shares, A-shares, B-shares, Red-chips, P‐chips and foreign listed shares.

Derived from MSCI China A International Index, applying Stock Connect eligibility screening

Flagship Indexes Part3

Eligibility

  • China universe included in MSCI EM
  • B, H, P, Red, foreign-listed, and A-share(20% inclusion factor)
  • FIF and CNH rate
  • A shares in MSCI EM, Connect Compatible
  • FIF and CNH rate

Specialty Indexes


 

Specialty Market Cap Indexes

内嵌的应用

Specialty Indexes 1

Indexes

MSCI China All Shares
MSCI China A International
MSCI China A Onshore

Request Information

 

Speciality Indexes 2

Methodology

Target to cover 85% of the free float market cap of integrated China Equity Universe combining A‐shares, B-shares, H‐shares, Red‐chips, P‐chips and foreign listed shares

Include the China A-share constituents of the MSCI China All Shares Index

Target to cover 85% of the free float market cap of China A Investable Equity Universe

Speciality 4

Eligibility

  • Integrated China universe with A shares fully represented
  • A, B, H, P, Red and foreign-listed
  • FIF and CNY rate
  • A share of the MSCI China All Shares
  • QFII Compatible A shares
  • FIF and CNH rate
  • For PRC-based Investors
  • Size def. not based on ACWI
  • DIF and CNY rate

Other China Indexes (Size, Sector, ESG, Factors)

Other China Indexes (Size, Sector, ESG, Factors)

MSCI China Indexes cover all China share classes through various index combinations, and are also available in large, mid and small cap size segments. Additionally, they are available in different style, sectors, as well as ESG and Factor investment strategies.

Index Licensing

Index Licensing

All MSCI China Indexes may be licensed for use by institutional investors around the world for portfolio management and benchmarking purposes. The indexes may also be licensed to serve as the basis of structured products and other index-linked investment vehicles such as ETFs. To view the complete list of products tracking MSCI indexes check our Index licensing page.

China A Inclusion

China A Inclusion

In 2019, MSCI announced 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 5% to 20% in the MSCI Indexes, notably in the MSCI Emerging Markets Index and the MSCI ACWI Indexes. Additionally, it also added China A Mid Cap shares, including eligible ChiNext shares, with a 20% inclusion factor to the MSCI Indexes as part of the November 2019 Semi-Annual Index Review.

As part of the inclusion process, MSCI performed a number of extensive global consultations with many international institutional investors, including asset owners, asset managers, broker/dealers and other market participants worldwide since June 2014.


Download PDFs

Press Release

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


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