China's ascension on to the global financial stage continues as index-provider MSCI Inc included Chinese mainland-traded Chinese equities or A-shares. Starting Friday, MSCI will add 234 Chinese A-share companies to its indices, including the MSCI Emerging Markets Index, which has about $1.5 trillion in assets benchmarked to it. Asset managers, pension funds, insurers and individual investors hold passive investments like an exchange-traded fund or mutual fund that track an MSCI index like emerging markets. "Up to now, we feel that many global investors haven't fully recognized this fact," he said. "This will raise China's weight in MSCI Emerging Markets from 30 percent to over 40 percent.