Equity index provider MSCI on Tuesday said it will not add China's mainland-based A shares to its benchmark emerging markets index but that the shares will remain on review for a possible move in 2015.
China, the world's largest emerging market, is already the biggest component of the MSCI emerging market index, which is benchmarked by more than $1.3 trillion global assets under management.
China's current share of the index, however, is composed of shares listed in Hong Kong, or listed in China but denominated in U.S. or Hong Kong dollars.
MSCI said in March that it planned to include China A-shares in its benchmark emerging markets index as early as next May. The move was expected to help the index better reflect China's equities markets.
China's so-called A-shares are the renminbi-denominated shares of companies incorporated in mainland China and traded on the Shanghai and Shenzhen exchanges. For foreign investors to gain access to the A-shares market, they must do so through a quota system known as the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.