China's securities regulator pushes reforms ahead of MSCI decision

China’s securities regulator has rushed through stock market rule changes under its new chairman in a bid to persuade MSCI to include domestic Chinese shares in one of its global benchmarks, Reuters reports. The New York-based index provider will announce on June 14 if China has done enough to overcome investor concerns, which were heightened by its heavy-handed response last year to a stock market crash. A decision to allow yuan-denominated shares – or A shares – into its widely used Emerging Markets Index, could draw $400 billion into Chinese shares in the next decade, MSCI estimates show.