The Shanghai and Shenzhen stock exchanges announced new curbs on company trading halts while the China Securities Regulatory Commission said regulators recognize and respect the rights and interests of foreign beneficial owners of securities. The announcements helped address two impediments that MSCI was concerned about when including China’s yuan-denominated stocks.
As an indication of rising optimism over MSCI’s China A-shares stance, an ETF in Hong Kong experienced net inflows of $2 billion yuan, or $303.8 million, on Monday, following 600 million yuan in inflows over the past week, the Wall Street Journal reports.
“The institutions are clearly bargain hunting [for]blue-chips,” Jacky Zhang, an analyst at BOC International, told the WSJ.
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db X-trackers Harvest CSI 300 China A-Shares Fund