REFILE-UPDATE 3-MSCI says domestic China shares still not ready for its global benchmark
(Refiles with functioning story links)
* Third time in three years MSCI has said no to China A shares
* MSCI's Emerging Markets Index tracked by $1.5 trln in assets
* Inclusion could draw $400 bln into China stocks over decade
* MSCI says investors still have concerns over China markets
By Michelle Price
HONG KONG, June 15 (Reuters) - China has failed again to convince U.S. index provider MSCI Inc to add local Chinese shares to its key emerging market index, and the company could not say when it was likely to give the green light, as global investors raised fresh objections.
The index company said on Tuesday that China still had to do more to make its markets accessible to foreign investors.
That is a blow for Chinese policymakers who have rushed to address MSCI's concerns over the past six months in the hope that inclusion in the Emerging Markets Index, tracked by $1.5 trillion in global assets, could draw up to $400 billion into China's stocks over the next decade. Continuación...