Global index supplier MSCI Inc said that companies nearing the overseas ownership limit will have their A-list shares removed from China’s indexes or have their weighting cut, said Caixin.
The announcement followed Shenzhen-listed Han’s Laser Technology Group Co. Ltd’s shares being cut off from foreign investors, as it was almost reaching the 30% cap.
MSCI will remove Han’s Laser from its MSCI Global Investable Market Indexes and MSCI China All Shares Indexes starting March 11. MSCI will also cut the inclusion factor of Midea Group Co., a large home appliance company, in the two indexes.
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