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MSCI Is Third Index Giant to Cull Chinese Stocks Banned...

The firms include China Railway Construction Corp, China Spacesat Co., China Communications Construction Co., CRRC Corp., Hangzhou Hikvision Digital Technology Co., Dawning Information Industry Co. and Semiconductor Manufacturing International Corp, according to a statement late Tuesday. The deletions will take effect at the Jan. 5 close. MSCI will publish its final list at the end of December to reflect any changes to Chinese firms sanctioned by the U.S.
MSCI’s decision follows similar moves by FTSE Russell and S&P Dow Jones this month. While the companies have minimal weightings on benchmarks, the rapid removals show how effective such orders are in reducing Chinese firms’ access to global capital. ....

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