Two Chinese firms join MSCI Emerging Markets Index

Postal Savings Bank of China, Beijing-Shanghai High-Speed Railway and Russia's search engine Yandex will be the three largest additions to the MSCI Emerging Markets Index measured by full company market capitalization, according to global index provider MSCI on Wednesday.

The MSCI Emerging Markets Index is designed to represent performance of the large and mid-cap stocks across 26 emerging markets.

For MSCI China A Onshore Index, there will be seven additions and two deletions. The three largest additions to the index measured by full company market capitalization will be Semi-Conductor International Corp, National Silicon Industry Group and China Zheshang Bank Co.

For MSCI China All Shares Index, there will be nine additions and one deletion. The three largest additions to the index measured by full company market capitalization will be Semi-Conductor International Corp, National Silicon Industry Group and Ingenic Semiconductor .

All changes will be implemented as of the close of Aug 31, 2020, MSCI said.