} ?>
(Yicai Global) Oct. 10 -- Global index provider MSCI will consider including eligible equities on Shanghai's new Star Market in the MSCI Global Investable Market Indexes, which seeks to cover all types of markets around the globe, as well as its China-related benchmarks next month.
MSCI will add Star Market shares in its MSCI China Index, China All Shares Index, MSCI China A Onshore Index if the equities meet the requirements set out by the MSCI Global Investable Market methodology, as well as by the stock connect programs between Shanghai and Hong Kong and Shenzhen-HK, The Paper reported, citing the New York-headquartered firm.
The SSE kicked off trading on the Nasdaq-style market in July, aiming to offer easier ways for tech firms to get listed. So far more than 30 companies have gone public on the board.
Net inflows of foreign capital in China have risen significantly this year amid a marketwide opening-up. The direction is toward bigger inflows as MSCI is looking to quadruple the weighting of Chinese mainland shares in its global indexes this year. FTSE and S&P Dow Jones have announced their own China additions.
However, the possible Star Market inclusions are not related to the plan of boosting the weighting of Chinese shares in MSCI's global indexes to 20 percent, the financial firm added, referring to its three-step roadmap released in March.
Editor: Emmi Laine