Day: March 8, 2019

MSCI China A Shares Inclusion (2): 253 Large-cap and 168 Mid-cap

Following up on the previous post of MSCI’s inclusion of 236 China A Shares last year, I created another list (in excel format) according to the recent update.

MSCI A-share List_2019Feb

MSCI will increase the weight of China A shares in the MSCI Indexes according to the following schedule:

  • Step 1: MSCI will increase the index inclusion factor of all China A Large Cap shares in the MSCI Indexes from 5% to 10% and add ChiNext Large Cap shares with a 10% inclusion factor coinciding with the May 2019 Semi Annual Index Review.
  • Step 2: MSCI will increase the inclusion factor of all China A Large Cap shares in the MSCI Indexes from 10% to 15% coinciding with the August 2019 Quarterly Index Review.
  • Step 3: MSCI will increase the inclusion factor of all China A Large Cap shares in the MSCI Indexes from 15% to 20% and add China A Mid Cap shares, including eligible ChiNext shares, with a 20% inclusion factor to the MSCI Indexes coinciding with the November 2019 Semi-Annual Index Review.

On completion of this three-step implementation, there will be 253 Large and 168 Mid Cap China A shares, including 27 ChiNext shares, on a pro forma basis in the MSCI Emerging Markets Index, representing a weight of 3.3% in the pro forma index.

Again, there is no clear/editable list publicly available… Always a list in jpeg/png format.

Compared to the list of 236 large-cap stocks last year, there are 24 additions and 7 deletions, listed in separate sheets. (236+24-7=253)