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MSCI considers boosting China's index weighting, could add $66 billion of inflows

MSCI considers boosting China's index weighting, could add $66 billion of inflows

Global index provider MSCI said on Wednesday it will consider quadrupling the weighting of Chinese big-caps in its global benchmarks next year, a move that could bring in $66 billion (£50 billion) in new foreign investment. MSCI also proposed adding Chinese mid-caps and shares listed on Shenzhen's start-up board ChiNext, which would nearly double the number of mainland stocks in its indexes to roughly 430. Investor expectations that more mainland stocks will be included in mainstream global benchmarks boosted Chinese share prices on Wednesday, with Shanghai and Hong Kong bourses up more than 1 percent.