Vietnam 

MSCI announcement pulls shares down – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  MB Securities Co’s stock trading floor. Shares failed to rally yesterday on local stock exchanges. — VNS Photo Trương Vị HÀ NỘI — Shares failed to rally on Wednesday, partly affected by Morgan Stanley Capital International (MSCI)’s announcement that Việt Nam will not be included in the company’s watchlist for potential reclassification as an emerging market. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange slid 0.10 per cent to close at 959.13 points. About 252 million shares were traded on the southern bourse, worth VNĐ5.6 trillion (US$239.4 million). The index lost…

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Vietnam 

VN fails to make MSCI watchlist for status upgrade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam has once again failed to enter the Morgan Stanley Capital International (MSCI) watchlist for a market status upgrade following the latest statement on June 26.  Photo cafef.vn HÀ NỘI — Việt Nam has once again missed the chance to break into Morgan Stanley Capital International’s watchlist of potential reclassification for a status upgrade. The US-based global provider of equity, fixed income, hedge fund stock indices and multi-asset portfolio analysis tools on Wednesday reclassified the MSCI Kuwait Index to emerging-markets status from frontier-markets status. The decision was “subject to omnibus…

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Vietnam 

VN hopes to enter MSCI watchlist this year, but experts are uncertain – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vingroup’s Vincom Center Landmark 81 in HCM City. Vingroup has recently sold US$1 billion worth of shares to the South Korean SK Group. – Photo vneconomy.vn HÀ NỘI – One year after failing to enter MSCI’s watchlist for a market status upgrade, it is still uncertain if Việt Nam will make it this year despite efforts made to improve market conditions. In June 2018, Morgan Stanley Capital International (MSCI) rejected Việt Nam’s inclusion on its watchlist for a market status upgrade from “frontier market” to “emerging”. Instead, MSCI raised…

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Explainer: What foreign investors need to know about China’s property market as MSCI adds to A-shares’ weighting

If you’ve yet to hear of Greenland Holdings, Seazen Holdings or China Fortune Land Development, don’t worry. You likely will be hearing more about them soon, if you are a foreign investors looking for more China exposure.They are big developers in China’s quirky property market – a key driver of the economy and subject to much steering from Beijing and local governments. And they are well known to investors in the mainland’s stock markets.Now they are a bigger part of some foreign investors’… Source link

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Chinese MSCI constituent firm Kangmei Pharmaceutical faces 600,000 yuan fine for misstating cash position by 29.9bn yuan

Listed Chinese company and MSCI global index constituent Kangmei Pharmaceutical is facing a 600,000 yuan (US$86,775) fine for falsifying its cash position by as much as 29.9 billion yuan, top watchdog Chinese Securities Regulatory Commission said on Friday.According to the commission, the company used fraudulent bank documents to inflate its cash deposits and falsified business certificates to inflate its income between 2016 and 2018, leading to “major” falsifications in its financial reports… Source link

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Global index compiler MSCI begins process to lift Chinese stocks’ weighting in benchmark gauges

Global index compiler MSCI has taken the first step to increase the representation of Chinese shares in its benchmark gauges as part of a plan to quadruple the stocks’ weighting by November.The weighting of mainland-traded shares in the MSCI Emerging Markets Index will double starting on Tuesday, with the inclusion factor, or adjusted free-float market cap, lifted to 10 per cent from 5 per cent, MSCI said in a media release.Meanwhile, a raft of big companies on the ChiNext board hosting growth… Source link

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Shares in Chinese health care firms, beer and liquor makers set to benefit from higher weighting in MSCI global benchmarks, says HSBC

Shares in Chinese health-care firms, beer and fiery liquor makers are likely to get a boost when the MSCI quadruples the weighting of the country’s stocks in its global benchmarks, according to fund managers at HSBC’s investment arm.The index compiler announced plans to boost the representation of Chinese stocks on February 28, raising the inclusion of yuan-traded shares – known as A shares – to 20 per cent from the current 5 per cent by November.“We are quite positive about health-care… Source link

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Hong Kong to launch MSCI China A-share Index futures for global investors to hedge against risks in Asia’s largest stock market

Hong Kong Exchanges and Clearing Limited (HKEX) has signed an agreement with MSCI to offer futures contracts on the MSCI China A-Share Index, giving global investors a tool to hedge their investments in Asia’s largest equity market.The index, which does not have a launch date, is part of the exchange operator’s three-year plan to transform itself into a global financial market place, by offering a greater variety of products, including exchange-traded funds (ETFs), futures and options, as well… Source link

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Overseas buyers told they can’t purchase more of hot Chinese stock – and MSCI gives it the boot

The recent blizzard of overseas buying of Chinese stocks has brought about an outcome with Chinese characteristics – one of the hottest stocks hit a limit on foreign ownership and can’t be bought by foreigners for now.Han’s Laser Technology Industry Group is the hot stock suddenly in the spotlight.Last year, index compiler MSCI added it to the basket of Chinese A-shares that are part of its global gauges. But with the sudden surge in demand for A-shares, Hans Laser suddenly hit the 28 per cent… Source link

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MSCI deletes Shenzhen-listed Hans Laser from its China index due to foreign ownership limit

Global index provider MSCI said it would remove Han’s Laser Technology from its China indexes and slash the weighting of Midea Group, citing investability issues triggered by foreign ownership ceilings.MSCI’s statement on Thursday came a day after Chinese regulators blocked foreign purchases of shares in Han’s Laser as offshore ownership of the firm neared the 30 per cent cap.MSCI said “In light of potential investability issue for investors”, Han’s Laser will be deleted from the MSCI All… Source link

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