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《中國(guó)a股納入msci新興市場(chǎng)指數(shù) -資產(chǎn)配置與組合構(gòu)建的考量》由會(huì)員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在教育資源-天天文庫(kù)。
1、中國(guó)A股納入MSCI新興市場(chǎng)指數(shù)-資產(chǎn)配置與組合構(gòu)建的考量msci4>>與招商證券共同探索今日中國(guó)的投資機(jī)會(huì)2017年4月25日中國(guó)A股納入MSCI新興市場(chǎng)指數(shù)資產(chǎn)配置與組合構(gòu)建的考量魏震，博士MSCI>2AGENDA??ChinaA-sharesInclusion:TheInvestmentChallenge??AccessingChinaA-shares:WhatInvestorsNeedtoKnow??TheAccessPath??UniqueCharacteristicsofChinaA-Shares??TheMSCIChinaIndexFamily??Investorsw
2、ithoutA-sharesExposure??TheRoleofEmergingMarketsinthePolicyAllocation??ActiveBenchmarkRiskofPotentialA-sharesInclusion??InvestorsWhoAlreadyAllocatedtoChinaA-shares??BenchmarkMisalignmentRisk??MarketTimingRiskandManagerActiveRisk??CommonlyAskedQuestioninImplementingA-sharesExposuresMSCI>1Potent
3、ialChinaA-shareinclusion:AnUpdateMSCI>42016RECAPAND2017CONSULTATION??InJune2016,MSCIannounceditwouldnotincludeChinaA-SharesintotheMSCIEmergingMarketsIndexcitingthreeremainingobstacles:??EffectiveimplementationofQFIIpolicychangesandremove20%monthlyrepatriationlimit??Effectiveimplementationofnew
4、tradingsuspensiontreatment??Resolutionofpre-approvalrequirementsbythelocalexchangesonfinancialproducts??WhathavechangedsinceJune2016??TheShenzhenConnectwaslaunchedinDecember2016??Theimplementationofthenewtradingsuspensionpoliciesbylocalexchangeshasbroughtthenumberofvoluntarytradingsuspensionsb
5、acktopre-crisislevel??ThenumberoftradingsuspensionsintheChinaA-sharesmarketremainsthehighestintheworld??The20%QFIIrepatriationrestrictionremainsunchanged??MSCIisindiscussionwithChinaexchangesandishopefultoreacharesolutionontheremovalofpre-approvalrequirementsonnewandpre-existingfinancialproduc
6、tslinkedtoChinaA-shares??ThebreadthoftherestrictionsisuniqueinEmergingMarkets,asisthepossibilitythatexistingfinancialproductsbasedontheMSCIEmergingMarketsIndexwouldbeindangerofhavingtheirtradingdisruptedMSCI>5TRADINGSUSPENSION–ISITGOODENOUGH?050100150200250300350Jan-15Apr-15Jul-15Oct-15Jan-16A
7、pr-16Jul-16Oct-16Jan-17Apr-17>10days>1month>3month>5monthMay27,2016ChinesestockexchangesannouncedsuspensionpoliciesMSCI>6WHATISNEWINOURPROPOSAL448securities(OriginalProposal)270Securities209securities169securities(RefreshedP
