China's A-Shares Denied MSCI Inclusion - Again
China’s domestic equities were denied entry into MSCI Inc.’s benchmark indexes for a third time, a setback for President Xi Jinping’s efforts to raise the profile of mainland markets and turn the yuan into an international currency. Policy makers need to make additional improvements to the accessibility of the A share market, according to a statement from the index compiler on Tuesday. MSCI, whose emerging-market index is tracked by investors with $1.5 trillion in assets, said it will reconsider inclusion in its 2017 review, while not ruling out an earlier announcement. Hermes Fund Managers Chief Economist Neil Williams discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."