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What does S&P Dow Jones A shares mean?
The S&P Dow Jones Index will announce the specific list of A shares, which is the so-called S&P Dow Jones A shares. This time, 124 1 A shares will be included in the six index families of S&P Dow Jones, and A shares will be included in the global benchmark index of S&P emerging markets. These stocks include 147 large-cap stocks, 25/kloc-0 medium-cap stocks and 70/kloc-0 small-cap stocks.

Standard & Poor's Dow Jones is the third world-renowned index compiling company to officially announce the inclusion of A shares in its index system after MSCI and FTSE Russell.

20 18 18 On February 5, Standard & Poor's Dow Jones announced the results of its 20 18 annual market classification review, announcing that qualified A shares that can be traded through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect mechanisms will be included in its global flagship index system, with the classification level of emerging markets. The inclusion will take effect before the market opens on September 23, 20 19, and the inclusion factor is 25% of the investable market value of the A-share target. On June 1 day, 2065438, A shares were officially included in the MSCI Emerging Markets Index, with an initial inclusion factor of 2.5%. On September 1 day, MSCI increased the A-share inclusion factor from 2.5% to 5%, which increased the total weight of A-shares in MSCI Emerging Markets Index to 0.75%. The initial inclusion factor of 5% is expected to bring about $22 billion in capital inflow to the A-share market.

In the early morning of September 26th, MSCI suddenly announced a consultation on "further enhancing the weight of A-shares in MSCI index", suggesting that the inclusion factor of large-cap A-shares should be increased from the existing 5% to 20%, and the semi-annual index review in May of 20 19 and the quarterly index review in August of 20 19 should be implemented in two stages, with the inclusion factor increased by 7.5% in each stage.

On September 27th, 20 18, FTSE Russell, the biggest competitor of MSCI in the world, officially announced that A shares would be included in its global index system and classified as an emerging market, and would be included in the FTSE global stock benchmark from June 20th19, with the inclusion factor of 25% of the investable market value of A shares. It is estimated that A shares will account for 5.5% of the FTSE Emerging Markets Index after the completion of Phase I..