Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
The Guggenheim CIO says he had been approached by the White House about possibly joining the Federal Reserve.The Fedread more
Joe Lonsdale says his fellow Palantir co-founder Peter Thiel was "courageous" for speaking out against Alphabet's Google.Technologyread more
Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets.Market Insiderread more
In his prepared testimony for Tuesday's Senate banking committee hearing, Facebook's David Marcus tells lawmakers that the Libra currency will be secure.Technologyread more
Twitter has rebuilt its website from the ground up for the first time ever, here's what it looks like.Technologyread more
– This is the script of CNBC's news report for China's CCTV on June 14, Tuesday.
Welcome to CNBC Business Daily, I'm Qian Chen.
On Tuesday at 5pm ET, MSCI, the largest indexing firm in the world, will announce whether they will include mainland China stocks in their global indices.
Right now, only Hong Kong and China shares that are listed in overseas markets (like the U.S.) are included.
Inclusion of mainland China stocks would be an important development. China's mainland market is roughly $6 trillion - nearly a tenth of the world's stock market capitalization, which stands at roughly $69 trillion.
China's authorities have made inclusion in global indices a major priority.
What will MSCI do? Much of the debate in the last year has centered around whether mainland China is truly ready for prime time.
MSCI passed on including the mainland shares last year.
Chinese authorities have worked to address the specific concerns of MSCI, which is simply reflecting the concerns of the global investing community.
[Frank Troise, Leonteq Securities (Singapore) Managing Director] They need to create more liquidity, they need to create more transparency, they need to create more governence, China has been pretty pragmaticly improving in regards of how they execute on this. So here, the equity markets, the inclusion of A shares at the same time, create more liquility for their own fix-income markets, these are important long-term steps for them as part of their 5 year plan. "
MSCI ponited out a few issues last year and China has been working on it.
During China's stock market meltdown earlier this year, more than 1,400 stocks were halted for anywhere from a few days to a few months, many at the whim of the company's management.
This caused havoc with foreign investors who had to deal with redemption requests.
Chinese authorities have now set the maximum period for a stock halt at three months - showing some progress there.
Beneficial ownership was another concern.
Can foreign investors get enough to invest (quotas), and can they get the money out when they want to?
This is a critical question for mutual funds and ETFs, which have to deal with daily demands for investments and redemptions.
Chinese authorities have clarified that they will be able to get adequate allocations of stock based on the size of their firm, and are now allowing daily repatriation of money.
[FRANK TROISE, Leonteq Securities (Singapore) Managing Director] "What's interesting tho, taking both to hedge funds and traders with the short-term folks, this is now giving them an opportunity to actually execute on their view. So one of the things we are quite curious to see is the short-term effect of the index and the shares inclusion, and the longer-term, its interesting when you get people who short the market or not participating in it, to actually see the manifest as well."
CNBC's Qian Chen, reporting from Singapore.
Follow CNBC International on and Facebook.