MSCI CEO Dismisses Concern Chinese Stocks Are ‘Uninvestable’
- Stocks have ‘very quickly’ recovered in past: CEO Fernandez
- ‘Countries go through periods like this,’ MSCI head says
This article is for subscribers only.
MSCI Inc., the world’s biggest index provider, shook off concerns about the “investability” of Chinese stocks following Beijing’s recent regulatory crackdown, citing previous instances where markets rebounded in the aftermath.
Regulatory compliance has weighed on China “every three, four, five years and obviously the markets have sold off at the time. But very quickly afterwards, the markets have recovered and gone through to new heights,” MSCI Inc. Chairman and Chief Executive Officer Henry Fernandez told Bloomberg Television’s Haidi Lun and Shery Ahn in an interview.