China’s MSCI Index Denial a Boon for Singapore’s Plans
- Singapore Exchange’s A50, MSCI China futures offer alternative
- City-state’s focus reflects China’s growing role, says SGX
A general view of the partially completed site of the Las Vegas Sands Corp.'s Marina Bay Sands resort in Singapore, on Tuesday, Apr. 27, 2010.
Photographer: Charles Pertwee/BloombergThis article is for subscribers only.
What’s bad for China may be good for Singapore.
MSCI Inc.’s decision to make China wait for its stocks to be added to global indexes is poised to direct investors to the city-state, which is home to a futures contract linked to mainland shares. Fund managers have been choosing to do business at offshore centers that are already part of the global financial system, rather than moving money into China, RHB Securities says.