China's State-Run Investment Bank Lauds Healthcare Stocks Ahead of MSCI Semiannual Index Review
Xu Wei
DATE:  May 08 2018
/ SOURCE:  Yicai
China's State-Run Investment Bank Lauds Healthcare Stocks Ahead of MSCI Semiannual Index Review China's State-Run Investment Bank Lauds Healthcare Stocks Ahead of MSCI Semiannual Index Review

(Yicai Global) May 8 -- With Morgan Stanley Capital International Inc., better known as MSCI Inc., slated to announce the first list of Chinese A-share companies to be included in the MSCI Emerging Markets Index next month in its semiannual review report on May 15, all eyes now are on how many Chinese A-share companies will be included in the index. A Chinese state-run investment bank pointed to outperforming medical and healthcare firms as the leading candidates.

China International Capital Corporation Limited (CICC), a state-owned investment bank, estimates that some 229 A-share listed firms will be included, and the number of overseas-listed Chinese companies included in the index will increase from 153 to 219, financial news site STCN reported today, citing a CICC note.

Most of the stocks to be added to the index will come from sectors that have outperformed year-to-date such as medical and healthcare and consumer goods, per the report, whereas underperforming cyclicals and brokerage stocks are more likely to be deleted.

Editor: Mevlut Katik

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Keywords:   MSCI,CICC,Emerging Markets Index,A-Share,Listed Company