In 2019, MSCI Emerging Markets Index increased the percentage of China A-shares to 20% from 5%. Globally, investors are re-evaluating their equity portfolios' appropriate allocation frameworks regularly. In the future, the fundamentals of emerging-market investment vehicles and their significance in global portfolios may change as China's economic strength and market accessibility increase. China's growing prominence in emerging market portfolios has caused global investors to debate whether to create a separate China allocation or keep China as part of their emerging market portfolio. In addition, MSCI is committed to offering institutional investors a comprehensive array of new product portfolios and research-based solutions to help them face the challenges they face.

China is part of MSCI through several major indexes that include its onshore and offshore markets. MSCI first added large Chinese companies listed in Hong Kong, known as H-shares. Later, it began including China A-shares, which trade on the Shanghai and Shenzhen exchanges. Their weight has increased over time as market access improved and trading rules became more transparent. China now has a meaningful share in indexes like MSCI Emerging Markets and MSCI Asia Pacific. These inclusions allow global investors to gain exposure to China’s equity market through index funds and ETFs. The process continues to evolve as liquidity, foreign access programs, and regulatory alignment shape how China fits into MSCI’s global framework.