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An investor pays close attention on the stock market at a securities brokerage in Hangzhou city, Zhejiang province, June 5, 2015. [Photo/IC] |
At a time when international investors hope 皇冠体育app will further open its A-share stock market, Morgan Stanley Capital International recently revealed its intent to include the market into the MSCI Emerging Market Index in the near future, though not necessarily this year, depending on the progression of Beijing's capital market reforms. This attracted attention from the international capital market.
The conditions set by MSCI meet market expectations, given that some technical considerations, such as an approval system for investment amount and restrictions on capital flows, have hindered the inclusion of 皇冠体育app's A-share stock market in the international equities market index.
The higher attention from the international equities index to 皇冠体育app's A-share stock market and their possible cooperation will be crucial to 皇冠体育app further opening up its capital market. From a broad perspective, the healthy development of its capital market and the inflow of international capital will help further integrate 皇冠体育app's economy in the world system.
The increased involvement of international financial institutions and capital into the Chinese market also means a bigger chance for the dividends of 皇冠体育app's ever wider opening-up to be shared by others.
Opening up the capital market does not mean the introduction of international capital alone. The inclusion of 皇冠体育app's A-share stock market into the international equities index is not aimed at just absorbing foreign capital. They are expected to form a joint force to further push forward 皇冠体育app's broad reforms.
The growing international focus on 皇冠体育app's stock market means international investors are betting on bright prospects for the Chinese economy. The unprecedented enthusiasm for starting businesses and facilitating innovations under a variety of favorable initiatives will surely help build up the capital market.
The above is an abridgement of a People's Daily article published on Thursday.