Photo taken on Aug. 24, 2020 shows the Shenzhen Stock Exchange in Shenzhen, south China's Guangdong Province. (Xinhua/Mao Siqian)
BEIJING, Aug. 13 (Xinhua) -- Global index provider MSCI announced on Thursday that it had added 11 China A-share stocks to the MSCI China Index following its most recent quarterly review. The inclusion will be implemented as of market close on August 31, 2021.
The newly-added constituents for the index include Advanced Micro-Fabrication Equipment Inc., Beijing Kingsoft Office Software Inc., Beijing Roborock Technology Co., Ltd., Beijing Wantai Biological Pharmacy Enterprise Co., Ltd., China Baoan Group Co., Ltd.,China United Network Communications Ltd., CRRC Corp. Ltd, Imeik Technology Development Co.,Ltd., National Silicon Industry Group Co.,Ltd., StarPower Semiconductor Ltd., and Zhongtai Securities Co., Ltd.
"This review will have limited impacts on China's A-share market since there is no change on weightage, but more transactions will be seen on the stocks of the newly-included companies," said Chen Mengjie, Chief Strategy Analyst of Yuekai Securities.
In short term, the stock prices of these newly-included companies will go up as the inclusion will bring them more market attention and more fund inflows from index funds, while in long term, the fundamentals of these companies matter, said Hu Bo, a fund manager with www.simuwang.com.
(Edited by Li Shimeng with Xinhua Silk Road, lishimeng@xinhua.org)
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