MSCI to quadruple weighting of China A-shares in its global benchmarks

Global index provider MSCI will quadruple the weighting of Chinese mainland shares in its global benchmarks later this year, it said on Thursday, potentially drawing more than $80 billion of fresh foreign inflows to the world's second-biggest economy.

MSCI also announced that it will add Chinese mid-cap stocks to its emerging market benchmark in November, boosting the number of Chinese constituents.

In a statement on its website, MSCI said it will increase the inclusion factor of Chinese large-cap stocks to 20 per cent from the current 5 per cent in three steps, in May, August and November this year.

On completion of this