MSCI指数剔除66家中企 增加印度股票权重

聯合早報   发布 / 2024年2月14日 11:05 AM

股市指数编制公司MSCI明晟在最新季度评估中，将66家中国公司从其全球基准指数中剔除，创两年来最多。

被剔除的股票包括房地产开发商金地集团和绿城中国，社交媒体微博，以及南方航空和平安健康医疗科技。这次成分股调整也适用于MSCI全球指数，自本月底生效。MSCI也对其香港指数进行了调整，剔除了百威亚太、新世界发展和信义玻璃。

不过，仍有五只股票将被纳入MSCI中国指数，其中包括家电制造商美的集团和护肤品公司巨子生物。

与此同时，MSCI将五家印度公司加入到指数中，印度股票在其指数中的权重被提至18.2%的历史新高。相比之下，中国在该指数中的权重从一年前的26.6%降至25.4%。

彭博社报道称，随着中国地产业深陷危机，消费持续疲软，印度等新兴市场崛起，中国在全球投资组合中的权重大幅下降。中国政府上周出台一系列支持政策，引发股市反弹，但涨势在春节长假前的最后几个交易日消退，显示投资者对陆港市场仍然极度悲观。

MSCI cuts swathe of China stocks from indexes as markets slump

MSCI is removing 66 companies from its MSCI China Index in its latest quarterly review, the highest tally in at least two years. PHOTO: AFP

The Straits Times  Updated

Feb 13, 2024, 05:26 PM

SINGAPORE - MSCI is cutting dozens of Chinese companies from its global benchmarks, after many stocks tumbled as the market erased trillions of dollars in value.

The index provider is removing 66 companies from its MSCI China Index in its latest quarterly review, the highest tally in at least two years. The changes, effective from the close on Feb 29, also apply to the MSCI All Country World Index. Stocks to be cut include property developers Gemdale and Greentown China Holdings, as well as China Southern Airlines and Ping An Healthcare and Technology.

The removals come as China’s weighting in global portfolios slumps amid worries about its struggling property sector and weak consumption, and as alternatives such as India become more prominent. In a sign of the deep pessimism about the China and Hong Kong stock markets, equity rallies spurred by a slew of policy support measures last week faded within a few sessions ahead of the Lunar New Year break.

“It highlights the issue of negative flows for Chinese stocks as investors reduce exposure to the country, in large part due to recent weak fundamentals, but also fears of ongoing financial instability, regulatory uncertainty and – most of all – country risk,” said senior market analyst Kyle Rodda at Capital.Com Inc.

“Some investors may also be forced to liquidate because of losses already incurred or because certain companies no longer fall within investment mandates,” he added.

Three stocks will be deleted from the Hong Kong index as well: Budweiser Brewing Co Apac, New World Development and Xinyi Glass Holdings.

The news was not all about cuts, though. Five components will be added to the MSCI China Index, including electrical appliance maker Midea Group and skin-treatment company Giant Biogene Holding.

.