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China securities regulator says to keep contact with global index companies
[SHANGHAI] China's securities regulator said on Friday that it would keep in close contact with global index companies to facilitate the entrance of long-term capital into China's stock market.
Zhang Xiaojun, a spokesman for the China Securities Regulatory Commission, told a news conference in Beijing that regulators will make it more convenient for foreign investors to invest in yuan-denominated A shares.
Earlier this week, FTSE Russell, one of the world's largest index providers, said it will launch two transitional indexes that include China A shares - a staggered approach that will bring local Chinese shares into its global emerging markets benchmark in two to three years.
The FTSE announcement comes ahead of an upcoming June 9 decision on China A share inclusion by rival MSCI Inc, owner of the world's most influential emerging markets benchmark against which some US$1.7 trillion of funds is tracked.