(Yicai Global) May 8 -- With Morgan Stanley Capital International Inc., better known as MSCI Inc., slated to announce the first list of Chinese A-share companies to be included in the MSCI Emerging Markets Index next month in its semiannual review report on May 15, all eyes now are on how many Chinese A-share companies will be included in the index. A Chinese state-run investment bank pointed to outperforming medical and healthcare firms as the leading candidates.
China International Capital Corporation Limited (CICC), a state-owned investment bank, estimates that some 229 A-share listed firms will be included, and the number of overseas-listed Chinese companies included in the index will increase from 153 to 219, financial news site STCN reported today, citing a CICC note.
Most of the stocks to be added to the index will come from sectors that have outperformed year-to-date such as medical and healthcare and consumer goods, per the report, whereas underperforming cyclicals and brokerage stocks are more likely to be deleted.
Editor: Mevlut Katik