International index provider MSCI has announced that mainland-listed A-shares will not yet be added to its key benchmark indices for global stock exchanges due to outstanding market accessibility issues, with the next review for Chinese stocks set for 2016, South China Morning Post reported, citing a statement from the company. The firm said the decision on potential inclusion into its Emerging Markets Index would remain on the review list for next year, but that it could fall outside of MSCI’s regular schedule of classification reviews. The move defers a potential estimated US$400 billion in possible inflows into China’s volatile markets, where the Shanghai Composite Index is valued at 25.6 times reported earnings, according to Bloomberg.
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