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.“The MSCI decision signals that China remains a closed emerging economy that uses market techniques like freezing the market and making it illegal to short, using government funds to buy shares -- techniques that are not welcome among global investors,” Paul Christopher, head global market strategist at Wells Fargo Investment Institute, said by phone. “There are a number of market reforms in progress, but these are the decisions MSCI would want to wait for and examine.”
http://www.bloomberg.com/news/articles/2016-06-14/china-stocks-denied-msci-entry-in-blow-to-xi-s-global-ambitionsChina Dealt A Blow As Its Stocks Fail To Get Key Index Nod Again
APARNA NARAYANAN 5:46 PM ET I B D
MSCI shocked investors late Tuesday by again declining to add China mainland shares in its global benchmarks, including those for emerging markets. The indexing giant said China has not addressed all its concerns about restrictions on foreign investors.
Brendan Ahern, CIO of KraneShares, said MSCI’s decision surprised and disappointed him.A positive decision would have made it far easier for Americans to invest in shares that trade in China, potentially starting early next year.
Rival index provider FTSE added China A-shares last year
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