Major measures include forming more financing channels for offshore lenders
Macao's plan to set up an offshore yuan-denominated stock exchange will help diversify its local economic structure and bolster technology development in the region, analysts said on Monday.
Malaysia's People's Justice Party president and leader of the Pakatan Harapan coalition Anwar Ibrahim (C) waves after winning in a by-election in Port Dickson on October 13, 2018. [Photo/VCG]
Ma said it was good news that more foreign asset management companies were entering the Chinese market because they can bring advanced management ideas of customer service and more sophisticated investment risk warnings.
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MSCI's decision on weighting increases was welcomed by the top securities regulator. "We will continue to welcome overseas long-term funds by further improving fundamental market rules, cross-border trading mechanisms and market supervision," Chang Depeng, spokesman of the China Securities Regulatory Commission, said at a news conference on Friday. "To meet international investors' needs, we will further push forward the opening-up of the stock market and derivatives markets," Chang said.
Major shopping malls and shops closed Saturday after a night of lawlessness and vandalism by rioters.
MSCI plans to add 222 China A Large Cap stocks, representing on a pro forma basis approximately 0.73 percent of the weight of the MSCI Emerging Markets Index at a 5-percent partial Inclusion Factor, according to its 2017 market classification review released Tuesday.
Maintenance workers keep watch at a drainage point in Yichang, Hubei province as the city was hit by heavy rains on June 27, 2020, leaving many roads flooded. [Photo by Liu Shusong/for chinadaily.com.cn]