Global and local investors were struggling to make sense
of the MSCI's delays on June 14 in including China's A-share
market, the world's second largest stock market, in its
emerging market index.
It cited the regular intervention of the Chinese government
in the daily operation of the A-share market, which has seen
its stock valuations pushed down by the regulator to prevent a
bubble, as its main reason for the postponement.
But what was more mind-boggling for most...