The FTSE Russell index group has decided against adding China’s local-currency shares to its global benchmarks, reflecting investor concern over the openness and transparency of China’s stock markets. The London-based index provider said Thursday that China’s A-shares, which are yuan-denominated stocks listed in Shanghai and Shenzhen, will stay out of FTSE’s global stock indexes. Mark Makepeace, chief executive of FTSE Russell, a subsidiary of the London Stock Exchange Group, said “it is only a matter of time” before China joins the FTSE indices. Yet for now, FTSE’s decision deals another blow to China’s efforts to attract global capital, according to The Wall Street Journal.
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