(Yicai Global) May 28 -- Boosting the weighting of Chinese equities in index provider MSCI's global benchmarks from 5 percent to 20 percent could bring USD70 billion in extra capital to the Chinese market this year, Thomas Fang, head of UBS's China Equities bureau told Yicai Global today.
"We expect MSCI to further increase the weighting of A-shares if China continues to promote the further opening and development of the market," Fang added.
MSCI announced earlier this month that it will increase the weighting of Chinese large-cap stocks to 10 percent from 5 percent today, aiming for a quadrupled weighting by November. The number of Chinese firms represented will be 264 after today's inclusion.
Editor: Emmi Laine