STAR market to lift global participation

MSCI inclusion will bolster valuations, liquidity and lower financing costs

Shanghai's sci-tech innovation board may see increased foreign participation over the next few quarters, as a key global index provider is expected to include eligible STAR-listed firms and as the new board provides a larger investable pool, analysts said.

Equities on the STAR Market will be eligible for inclusion in the MSCI Global Investable Market Indexes (GIMI) from November, the New York-based global investment benchmark provider MSCI Inc said on Wednesday.