(Reuters Breakingviews) - Chinese financial xenophobia has thrown a wrench in MS...
The MSCI logo is seen in this June 20, 2017 illustration photo. REUTERS/Thomas White/Illustration
On Feb. 28, MSCI announced it would quadruple the weight of A-shares in its Emerging Markets Index, tracked by an estimated $1.9 trillion in funds. Some of the new joiners will come from Shenzhen, including the technology-heavy Chinext growth board; by November the global benchmark should host 168 mid-cap mainland stocks. Their inclusion will better reflect the new Chinese economy, where sectors like biotechnology, automation and consumer services are playing an outsize role driving growth.
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