In fact, as MSCI added China A-shares into its emerging market indices for the first time in 2018, the importance of China market in global stock indexes has increased. China’s A-shares accounted for 12% of the MSCI China Index, which means that if the Shanghai Stock Exchange and Shenzhen Stock Exchange remain as non-approved stock exchanges, the performance of the MPF China fund category would deviate quite largely with a widely recognized benchmark index.