MSCI China Index close to erasing gap with Shanghai for the first time in 20 years
Sat, Oct 07, 2017 - 5:50 AM
An investor looking at a screen showing stock information at a brokerage house in Shanghai. While mainland equities are still in the shadow of 2015's boom-bust, overseas investors can't seem to get enough of China's shares.
THE premium of Shanghai shares over China's offshore traded stocks is close to being wiped out for the first time in at least two decades.
The MSCI China Index trades at 17.4 times reported earnings, compared with 17.5 for the Shanghai Composite Index. The gap is the...