Index service providers see big China prospects

The world's leading index service providers are vying with each other to further tap into the Chinese mainland's market with faster mapping.

New York-based global index business MSCI said in a statement released on its website on Tuesday that it had proposed to increase the A-share market's large-cap securities from the current 5 percent to 20 percent. It will happen in two phases in line with MSCI's index reviews in May and August 2019.

Meanwhile, MSCI also proposed to add Shenzhen's startup board ChiNext shares to the list of eligible segments for inclusion starting from the May 2019 semi-annual index review. It is also considering adding Chinese mid-caps with a 20 percent inclusion factor in one phase as part of the May 2020 semi-annual index review.