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What does it mean for China stock market to join smci?

MSCI

MSCI is the abbreviation of morgan stanley capital international Company, a famous American index compiling company. It is a supplier of equity, fixed assets, hedge funds and stock market indexes, and it compiles various indexes. MSCI index is the benchmark index most used by global portfolio managers. According to MSCI estimates, in North America and Asia, more than 9% of institutional international equity assets are based on MSCI index. There are as many as 5,719 fund companies tracking the MSCI index, with a total capital of 3.7 trillion US dollars.