China’s equity and bond markets are the second and third-largest in the world, respectively, yet foreigners hold less than 2 per cent of each. Three previous proposals by MSCI to include mainland stocks were rebuffed by the index provider’s stakeholders — primarily large asset managers. Helen Wong, head of HSBC’s Greater China operations, called MSCI’s decision a “pivotal moment”. She added: “This is the start of a process through which Chinese equities will achieve a prominence in global investors’ portfolios that reflects the size and significance of China’s domestic stock market and its economy.”

https://www.ft.com/content/f648b8f6-550f-11e7-80b6-9bfa4c1f83d2