Mainland China’s grand entrance to the global equity club may have been delayed for now, but its membership papers are already being drawn up.
MSCI’s decision not to include Chinese A-shares — those listed on the mainland rather than in Hong Kong — in its global emerging market index kicks the can down the road for now. Its new proposal points to May 2017 as the likely date, although the door has been left ajar for an earlier move.
The end game is no longer in dispute. China is set to join at some point; the question is merely one of timing.
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