ftse: A total of 87 A-share stocks will be newly included in the FTSE Global Equity Index starting from September 23, the index provider announced on Friday, according to Global Times China. This is the second phase of FTSE Russell's three-stage step to incorporate A-share stocks. The move is likely to attract up to 5 billion in incremental capital from overseas investors into the A-share markets -- not a sensational amount but one that would boost confidence as China further internationalizes its financial markets, one domestic expert said. The company began incorporating Chinese equities in June, and the additions are being made in three stages ending in March next year. According to Zhang, the FTSE's planned A-share change in weighting in September will bring about 4 billion of index-replicating passive investment capital inflows, as well as an extra of 900 million in active investment capital. The FTSE Russell's inclusion of A shares is another example of global index providers' recognition of A shares, which, although giving limited stimulus to the markets, would give a clearer sign of investment direction for international investors, Zhang Xia, chief strategy analyst at China Merchants Securities, told the Global Times on Sunday.
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