MSCI has removed dozens of Chinese securities from its global benchmarks for the third consecutive quarter, in a move that will increase the weighting of India and other Asian markets in emerging markets indices.
The US index giant will remove 60 constituents from the flagship MSCI China index, which covers about 85 per cent of the entire global equities universe, including H shares, red chips and American depositary receipts, according to its latest quarterly review published this week.
This brings the number of Chinese stocks removed from the MSCI Global Standard indices to nearly 200 in 2024 alone, after MSCI culled 66 constituents in February and 56 companies in May.