MSCI announced plans to include local Chinese equities traded in yuan into its main emerging markets index MSCI EM.

This move is due to the continued liberalisation of the Chinese capital markets, and namely the extension of the RQFII programme to include London and Singapore, the doubling of the upper RQFII and QFII quota ceiling, the reduction in cash repatriation terms from one month down to one week, and the streamlining and shortening of the license and quota application and approval procedures.