China equities on track to go global

Mainland Chinese shares are set to join global equity benchmarks as early as three years' time, FTSE's chief executive has forecast, raising the prospect that international investors will have to shift billions of dollars into the market.

Reforms by Beijing have had a 'big impact' on how investors view mainland markets, said Mark Makepeace, FTSE chief executive, who is in Asia to 'kick off a process' he believes will lead to Chinese equities joining his company's global indices.

Chinese authorities have been actively seeking a greater role for overseas funds in the hope they can help make equities a trustworthy investment alternative to the property market for the countrys savers ... READ MORE

Released by the Financial Times - 6 March 2013