BUSINESS Chinese shares open higher Monday

BUSINESS

Chinese shares open higher Monday

Xinhua

10:13, June 24, 2019

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(File photo: VCG)

BEIJING, June 24 (Xinhua) -- Chinese stocks opened higher as the inclusion of Chinese A shares to FTSE Russell's widely-tracked global benchmarks commences on Monday.

The benchmark Shanghai Composite Index was up 0.08 percent to open at 3,004.29 points, with the Shenzhen Component Index opening 0.06 percent higher at 9,220.23 points.

FTSE Russell, a leading global multi-asset index, data and analytics provider, said China A-shares will be included in the FTSE Global Equity Index Series (FTSE GEIS) as a secondary emerging market last week.

Implementation of phase 1 will run from June 24 till March 23, 2020, during which 25 percent of the investable market capitalization of eligible large-, mid-, and small-cap China A-shares will be added to the FTSE GEIS and derived indexes, according to a statement on its website.

FTSE Russell will continue to provide benchmark indexes and innovative analytics solutions to meet the demands of global investors and promote investment in Chinese stocks and bond products, said its CEO Waqas Samad.

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