Days before the world’s largest index provider, MSCI, blocked China from joining its emerging market index for the third year in a row, a senior official at the country’s regulatory commission asserted that inclusion in the important benchmark was a “historical certainty”.
“It will happen eventually,” Qi Bin told a conference in Shanghai’s financial district. “You don’t want to wait too long.”
The rejection by MSCI a few days later was an embarrassing blow to Beijing, which has attempted to win a place on the index by reforming its capital markets.
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