The MSCI ACWI index, a flagship global equity index aiming to capture the performances of large and middle capitalization stocks across the world, has added 18 new stocks and excluded 14. Three stocks listed on China's A-share market have been included. 

The newly added A shares include Maxscend Technologies, a company in the semiconductor industry based in East China's Jiangsu Province, as well as the Post Savings Bank of China and the Beijing-Shanghai High Speed Railway Company. The Post Savings Bank of China is the biggest new stock in terms of market capitalization.

The index measures stocks from 23 developed markets and 25 emerging markets. Emerging markets currently account for roughly 38 percent of the global GDP, but only account 11 percent of the MSCI All Country World Index, the flagship market capitalization-weighted global equity index. In emerging market allocations, China's index weight fails to match its economic exposure weight. 

The MSCI World Index, which has 1,601 constituents, has also added six stocks and excluded four. In terms of total market capitalization, the biggest three of the six new stocks are all from the US: Pacific Gas and Electric Company, exercise equipment company Peloton, and cloud security company Zscaler. 

Global Times