1. LINE

      Text:AAAPrint
      Economy

      Stocks rise despite A-shares decision

      1
      2016-06-16 08:26China Daily Editor: Wang Fan

      Chinese stocks rose the most in two weeks on Wednesday as regulators and investors shrugged off a decision by MSCI Inc not to add A-shares to one of its key benchmark indexes.

      Deng Ge, spokesman for the China Securities Regulatory Commission, said in a statement, "The decision by MSCI to delay the A-share inclusion will not affect the opening of the Chinese capital market and the process of market-driven reform with emphasis on the rule of law."

      The Shanghai Composite Index rose by 1.58 percent to close at 2,887.21 points, while the ChiNext index, which tracks innovative startup companies in Shenzhen, rose by 3.42 percent to close at 2,128.8.

      Lu Wenjie, China equity strategist at UBS Securities, said investors will still add to their positions in Chinese equities, and concerns over market transparency should ease gradually along with China's continued liberalization of its capital account.

      Guan Qingyou, chief economist at Minsheng Securities in Beijing, said investors should take the MSCI decision in their stride. In the long run, inclusion of A-shares is a certainty and just a matter of time, as China's capital market evolution and reforms have been progressing steadily.

      Analysts at Goldman Sachs said the commission's statement indicates that the regulator aims to continue further enhancing market accessibility and to align domestic practices with international ones.

      They also said the Shenzhen-Hong Kong Stock Connect, similar to the existing trading link between Shanghai and Hong Kong, could be launched in the fourth quarter of this year.

      Remy Briand, MSCI managing director and global head of research, said significant steps have been taken toward the eventual inclusion of China A-shares in the MSCI Emerging Markets Index, as A-shares demonstrate a clear commitment by the Chinese authorities to bring accessibility to the domestic market closer to international standards.

      Analysts said regulatory hurdles and restrictions remain on overseas investors accessing the Chinese stock market, which could help explain MSCI's decision on the exclusion.

      Wendy Liu, chief China strategist at Nomura Securities said, "The 20 percent of net asset value monthly repatriation limit for Qualified Foreign Institutional Investors and Renminbi Qualified Foreign Institutional Investors remains a significant hurdle for investors ...

      "However, removal of the limit may increase the pressure on capital outflows during onshore market downturns, and this is a valid concern for Chinese authorities," she said.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲XX00视频| 永久免费av无码不卡在线观看 | 亚洲av日韩av永久无码电影| 亚洲av无码片在线播放| 久久久亚洲欧洲日产国码是AV| 中文字幕在线视频免费观看| 久久久久亚洲AV综合波多野结衣| 九九久久精品国产免费看小说| aa级女人大片喷水视频免费| 亚洲精品tv久久久久| 一级一级毛片免费播放| 国产亚洲精品资源在线26u| 一个人看的www免费视频在线观看 一个人免费视频观看在线www | 日产久久强奸免费的看| 四虎国产精品免费视| 精品亚洲综合在线第一区| 亚洲男人天堂2017| 91精品国产免费| 亚洲综合激情五月丁香六月| 国产美女精品久久久久久久免费| 黄色免费在线网址| 亚洲国产无套无码av电影| 99在线观看视频免费| 精品国产成人亚洲午夜福利| 四虎影视免费永久在线观看| aa级女人大片喷水视频免费| 亚洲精品自在线拍| 四虎成人精品一区二区免费网站| 亚洲精品国产成人专区| 成人毛片18女人毛片免费视频未| 日韩亚洲AV无码一区二区不卡| 国产免费A∨在线播放| 777亚洲精品乱码久久久久久| 久久这里只有精品国产免费10| 国产成人高清亚洲一区91| 亚洲av日韩av高潮潮喷无码 | 男男黄GAY片免费网站WWW| 国产aⅴ无码专区亚洲av| 我要看WWW免费看插插视频| 岛国精品一区免费视频在线观看 | 成人精品视频99在线观看免费|