MSCI adding China big-cap stocks to indexes - in a year

MSCI's decision to include China A-share big-cap stocks in its Emerging Markets Index and All Country World Index is a big shot in the arm for further opening-up of Chinese equity markets.

But there will be no major impact in the short term on Chinese or Asian shares.

"In the long run, the inclusion carries strategically important meaning for the China market, as it is a strong push for a more international-oriented market," said Liu Jipeng, dean of the Equity Market Research Center at China University of Political Science and Law. "But the short-term stimulus should be ignored, given the timing of inclusion and the limited size of capital inflow in the future."