China: 19 Chinese stocks added to MSCI China Index as global investors stay bullish on Chinese assets.

Storyline 19 Chinese stocks added to MSCI China Index as global investors stay bullish on Chinese assets Global index provider Morgan Stanley Capital International has added 19 Chinese sci-tech stocks to the MSCI China Index, published in late May. The newly added constituents include optical communication companies, computing power firms, and those in high-end manufacturing. For companies who’ve been investing in China for years, it’s about time. Michael Heldmann, CIO Equity, Allianz Global Investors: "We've been very long-term proponents. We've been invested in the market since decades. I myself have been investing since decades in the Chinese market, and we also advocate always a higher percentage allocation towards the Chinese market than the classical indices, which I think do underrepresent and also lead to an underownership of the Chinese market overall." In addition to traditional international investment banks, ultra-long-term strategic allocation sovereign wealth funds from the Middle East are also emerging as active investors in China. These include the Abu Dhabi Investment Authority, the Kuwait Investment Authority, and Saudi Arabia's Public Investment Fund. Eduardo Bernardes, head, International Distribution, Saudi National Bank: "What we need to do now is to create a more financial product to support these companies to expand their presence in each other's markets. And here we are ready to develop these products as soon as we find a partner here to cooperate." According to the latest data, the total market value of A-shares held by qualified foreign institutional investors this year is more than 29 billion U.S. dollars, with sectors like batteries and high-end communication equipment seeing the highest cash inflows. [Restrictions: No access Chinese mainland]