Jinshan office became the first company to be included in MSCI index technology innovation board? MSCI response

category:Finance
 Jinshan office became the first company to be included in MSCI index technology innovation board? MSCI response


For the first time!?

After some twists and turns, the reporter of securities times u00b7 e company contacted MSCI official and received the following exclusive response:

According to MSCIs February quarterly index adjustment list, Beijing Shanghai high speed railway (listed on Shanghai Stock Exchange) and Jinshan Office (listed on science and technology innovation board) will be included in the MSCI China all shares index and MSCI China A shares onshore index. Neither stock is included in the MSCI China index because none of the shares are currently traded through the mainland stock exchange.

In its announcement on October 9, 2019, MSCI pointed out that science and technology innovation board stocks meeting the requirements of methodology qualification of MSCI global investment market index (Gimi) can be included in MSCI China Index, MSCI China all index and MSCI China A-share onshore index. In order to be included in the MSCI China Index, sci-tech innovation board shares must be traded on the mainland stock exchange.

(among the MSCI China A-share onshore index components listed on the MSCI website, the China comm., a technology innovation board company, was found.)

To sum up, it means:

1. Science and technology innovation board company is not included in MSCI related index for the first time, and there is a precedent when the index is reviewed in November 2019;

2. MSCI has a large number of index categories, and the applicable standards are not the same for the related indexes involving Chinese stocks;

4. Up to now, there are no sci-tech innovation stocks in MSCI China Index.

According to the comprehensive public information, there are relatively few overseas funds tracking the MSCI China A-share onshore index and the MSCI China all share index, so the index adjustment may not cause significant overseas capital inflow and outflow; however, the MSCI China Index belongs to the MSCI flagship index, which has a greater impact.

In short, the distinction is as follows:

MSCI China Index: the index is included in the MSCI Emerging Market Index, but only a part of a shares is involved;

MSCI China Index (MSCI China Index): the index includes large cap stocks and mid cap stocks, which are the subject of land stock exchange transactions and are denominated in offshore RMB;

MSCI China all shares index: to some extent, it belongs to the expanded version of MSCI China Index, including large and medium cap stocks. It covers not only A-shares, but also B-shares, H-shares, red chips, and ADR, which are overseas listed targets.

In addition, MSCI China A-share onshore index is also an independent index, including large and medium-sized stocks in Shanghai and Shenzhen.

After the three times expansion last year, Chinas A-shares were included in the MSCI index (including the MSCI Emerging Market Index) with a factor of 20%

By the end of the market on November 26, 2019, the proportion of Chinas a shares in msciacwi global market index and MSCI Emerging Market Index will reach 0.5% and 4% respectively.

For the subsequent expansion plan of A-share, MSCI has also pointed out that four major problems need to be solved, including risk hedging and the acquisition of derivatives tools, the trading holiday arrangement of Chinas A-share continental stock connect in the short settlement cycle, and the formation of an effective comprehensive trading mechanism in the continental stock connect.

Postscript:

For example, in the adjustment list published in May 2018, there were 234 MSCI related component stocks officially announced to be included, but 233 were actually included according to the channel of securities companies. E companys reporter once verified the difference with MSCI, only to learn that Kang Dexin was removed on the same day after the list was released. However, there was no real-time disclosure on MSCIs website at that time. In the event of science and technology innovation board included in Wulong, the reporter did not find the announcement of science and technology innovation board stock included in information in the same period of adjustment announcement (if you find a small partner, please leave a message for correction), and MSCI English name abbreviation standard is not uniform, and there is often a lack of A-share code or international isin code, which is inconvenient to query in batches. With the increasing proportion of a shares in emerging markets, the impact of international investors on individual shares will become more and more significant. Therefore, it is suggested that international index companies should disclose as comprehensive, friendly and detailed as possible when adjusting the important increase and decrease of a shares. Source of this article: e company official micro responsibility editor: Yang bin_nf4368

For example, in the adjustment list published in May 2018, there were 234 MSCI related component stocks officially announced to be included, but 233 were actually included according to the channel of securities companies. E companys reporter once verified the difference with MSCI, only to learn that Kang Dexin was removed on the same day after the list was released. However, there was no real-time disclosure on MSCIs website at that time.

In the event of science and technology innovation board included in Wulong, the reporter did not find the announcement of science and technology innovation board stock included in information in the same period of adjustment announcement (if you find a small partner, please leave a message for correction), and MSCI English name abbreviation standard is not uniform, and there is often a lack of A-share code or international isin code, which is inconvenient to query in batches.