} ?>
(Yicai Global) Feb. 10 -- Global index compiler MSCI said it will add 10 securities to its three China benchmarks, including the re-addition of Gree Electric Appliances a year after its removal, as a result of its latest quarterly review.
The other nine are Agora A-shares and American Depositary Receipts, Vnet Group A and ADR, Bethel Auto Safety A, China Mobile A, CNGR Advanced Material A, Zhejiang Orient Gene A, Lufax Holding ADR, China Youzan H-shares and China Yuhua Education H, New York-based MSCI said in a statement late yesterday.
Of the 10 additions, Gree’s A-shares ranked first by market capitalization and were re-admitted to the MSCI China All Shares Index. MSCI had removed the Zhuhai-based firm in a December 2020 review after the Shenzhen bourse suspended overseas buying of Gree after its foreign ownership exceeded the 28 percent cap.
Shares of Gree [SHE: 000651] closed up 0.4 percent today at CNY38.74 (USD6.10) each, giving the company a market cap of CNY229.2 billion (USD36 billion).
Vnet Group was removed from the MSCI China All Shares Index but added to the MSCI China All Shares Small Cap Index, as was Agora. China Youzan and China Yuhua Education were added to the MSCI China All Shares Small Cap Index, but dropped from the MSCI China All Shares Index.
The changes will take effect after markets close on Feb. 28.
Foreign investors buying A-shares through the Hong Kong-mainland stock connect programs have remained net buyers despite a larger decline in the mainland’s key indexes since the start of the year.
Foreigners made net purchases of CNY16.8 billion (USD2.6 billion) last month, exceeding the CNY10 billion mark for the 15th straight month, according to data from East Money Information's financial data platform Choice.
Editors: Dou Shicong, Peter Thomas