On last June 14th there was a big expectation for the verdict of the MSCI Inc. - the USA financial index provider - about the entry of Chinese A-shares in its range.

A shares are the Securities listed in the Shenzhen stock, priced in renminbi, that are now available for foreign investors only through the Qualified Foreign Institutional Investor Scheme, a program launched on 2014 that allows only those who have the title of qualified foreign investor.

This is what A shares are, but what they mean is much grater: 3.000 undertakings, among which a lot of small and medium enterprises that, if the MSCI’s verdict had been positive, 15 billion of dollars could have been in circle.

The will of China system was to go on the way started by the entry in the FMI withdrawal program, being recognized also in the financial International market as the world’s second largest economy.

In spite of the negative response by the MSCI, the Financial Regulatory Authority of China did not express concern, considerino that the entry of A shares will have gradually place: this is a long term result.

 The negative verdict issued by MSCI is justified by the fact that Chinese portfolio needs more time to be complying with the MSCI’s index, as A shares are greatly volatible.

The question is in what really consist the problem: does it consists in such that volatility or rather that, as the MSCI index market is not liquid, thus the index-linked Securities would be behad by the entry of Chinese A shares?

Volatility and liquidity do not match in the financial system, wherease China and foreign investor do since a long time.

Adequate, now it’s the time to.