CHINA DAILY | HONG KONG EDITION Tuesday, November 26, 2019 | 3 TOP NEWS Laboratory RIGHT TRACK progress More A­shares creating many meaty MSCI inclusion questions By CANG WEI in Nanjing [email protected] fruitful: Analyst Meat grown in a laboratory after being cultured from animal Chinese stocks’ global integration will muscle stem cells — a first in Chi­ na — needs to undergo food safe­ bring immediate and long­term benefits ty evaluations and other reviews before it can be served on peo­ By LI XIANG global funds as well as improved ple’s dining tables, industry [email protected] investor structure. The A­share mar­ insiders said. ket will be more driven by profes­ Nanjing Agricultural Universi­ The acceleration of Chinese sional investors who look at the ty in Jiangsu province announced stocks’ integration into the global fundamental value of listed compa­ on Thursday that a research team market will draw more foreign capi­ nies rather than behaviors of retail had produced 5 grams of meat tal inflows into the country’s A­share investors who tend to be easily more after cultivating pig muscle stem market, which will help boost inves­ influenced by short­term market cells for 20 days. State Councilor and Foreign Minister Wang Yi (left) meets with Japanese Prime Minister Shinzo Abe tor sentiment and improve market swings, analysts said. Experts from the China Associ­ at Abe’s official residence in Tokyo on Monday. KIMIMASA MAYAMA / AFP liquidity and structure as the coun­ “Chinese equity markets will ation of Agricultural Science try’s regulators continue to push become a more attractive option for Societies evaluated the claim and capital market reform and opening­ international investors as they have confirmed it the same day. up, analysts said on Monday. a lower­than­average allocation on Zhou Guanghong, the profes­ One positive development is the China. Their holding of China’s sor who led the project, said the Exchanges: Japan eagerly looking inclusion of additional A­shares into equities, compared with their over­ lab­grown meat has a color, tex­ the MSCI indexes, which will offi­ all portfolio, is far less than the share ture and other qualities similar cially occur after the closing bell on of China’s economy in the world,” to natural pork after being forward to Xi’s state visit, Abe says Tuesday. The latest expansion of the said Chen Jiahe, chief investment minced in a grinder. MSCI representation will mean that officer at Novem Arcae Technolo­ “Lab­grown meat is only at the From page 1 Motegi said cultural exchanges more than 200 A­shares will be add­ gies, a wealth management firm in laboratory testing stage now,” he between Japan and China have ed to the MSCI China Index and the Beijing. said. “To serve it as food in the He said he hoped the mecha­ played an important role in inclusion factor for the existing con­ “While the global market is filled future, certain technological nism will consolidate the founda­ The establishment enhancing mutual understand­ stituents will be increased from 15 with cheap money due to negative problems of large­scale produc­ tion of public opinion for the of the mechanism ing and are an indispensable percent to 20 percent. interest rates, the valuations of tion need to be solved. It needs to building of Japan­China relations foundation for promoting bilater­ The representation of China’s many equity markets are not that go through food safety evalua­ that fit the needs of the new era, is an important al relations. A­shares will rise to 12.1 percent and cheap. However, ideal valuations tions and be subject to produc­ and contribute to opening up a consensus reached “The two sides should actively 4.1 percent in the MSCI China and can still be found in China, especial­ tion process oversight.” new future for bilateral ties. carry out exchanges and coopera­ MSCI Emerging Markets Indexes, ly Chinese blue chip companies, Cultivating meat in laborato­ The letters from Xi and Abe by the leaders of the tion in fields such as culture, sports respectively, after the adjustment. among which valuations are still far ries requires that many strict were presented by State Council­ two countries and and tourism,” Motegi added. The immediate benefit will be below the average level of the global conditions be met, the university or and Foreign Minister Wang Yi On Monday, Wang also met more capital inflows as the latest market,” Chen said. team said. The team took muscle and Japanese Foreign Minister they have high with Abe, during which they round of increased weighting of The proportion of foreign inves­ tissue from living animals and Toshimitsu Motegi, respectively, expectations for it.” agreed to continue working A­shares in the MSCI indexes is tors’ holdings of A­shares has been then isolated the stem cells in at the beginning of the meeting together for Xi’s possible spring expected to attract as much as 300 steadily rising along with the accel­ that tissue. on Monday. Wang Yi, state councilor visit to Japan and to ensure it will billion yuan ($42.7 billion) of foreign eration of the opening of the Chi­ The cells were later put in a During the meeting, China and and foreign minister be a success. capital into the onshore market, nese capital market. Foreign solution rich in nutrients before Japan agreed to work together on a Abe said Japan is eagerly looking according to estimates by China investors currently own about 3 per­ growing into a mass of muscle variety of areas including making forward to Xi’s state visit in the International Capital Corp. cent of the total capitalization of the precursor cells. In the final two­way visits surpass 15 million spring and he believes that it will Prices of good­quality blue chip A­share market. stage, they were differentiated annually as soon as possible, sup­ 15 be a major opportunity for promot­ stocks and companies that are While China will likely see slower into muscle tissues in edible, porting each other in holding the million ing bilateral relations in the new industry leaders with attractive val­ growth and uncertainties as China­ three­dimensional scaffolds or 2020 Tokyo Summer Olympics and Target of annual two­way era. uations will get a boost as foreign United States trade negotiations still lattices. the 2022 Beijing Winter Olympics, visits between China and Japan Wang called on the Japanese investors tend to favor equities in linger, global investors remain Since 2009, Zhou and his team enhancing sports communication side to meet China halfway, take China’s more promising sectors upbeat about prospects of the have studied stem cells with the and strengthening cooperation in more positive actions and properly such as technology, healthcare, A­share market and the possibility objective of producing meat in a cultural areas such as film, televi­ said at the meeting, adding that manage and handle differences so chemicals and consumption­related of gaining sound equity returns in laboratory. From 2015 to 2017, sion, music and animation. China is willing to strengthen as to create a favorable atmosphere areas, analysts at Huatai Securities the coming year. they isolated high­purity pig and “The establishment of the overall planning with Japan to and conditions for the proposed said in research note. cattle stem cells and learned how mechanism is an important con­ further expand mutual exchanges major political and diplomatic The longer­term benefits of the to cultivate the cells artificially, sensus reached by the leaders of so as to create a strong bond and agenda of the two countries. A­shares’ MSCI inclusion will be Inside in vitro, in a dry environment. the two countries and they have solid foundation for long­term deeper market liquidity, greater Many people have shown high expectations for it,” Wang development of bilateral ties. Xinhua contributed to this story. accessibility of Chinese stocks for Editorial > p10 interest in lab­grown meat, say­ ing it could provide better nutri­ tion for some vegetarians (though, strictly speaking, it’s At least one dead as quake hits Guangxi city still meat) and help the environ­ ment. “I don’t mind having lab­ By ZHANG LI in Nanning worker at a local manganese pro­ Jingxi grown meat,” said Ju Qing, a [email protected] duction company. He was hit by fall­ retired teacher who has been a ing rocks on the job, according to vegetarian for more than 20 At least one man was confirmed Chongzuo authorities. The compa­ years. “It may provide us with a dead and five people were said to be ny suspended production and evac­ new kind of food that has better injured in outlying areas after a uated workers. Guangxi nutrition and flavor.” magnitude 5.2 earthquake struck No casualties or house collapses The Food and Agriculture Jingxi, a county­level city in the were reported in Jingxi, a border Organization of the United Guangxi Zhuang autonomous city, local authorities said. Nations estimated that by 2050, region, at 9:18 am on Monday. Huang Tongwu, Party chief of CHINA DAILY the world may have a human As of 2 pm, the injured had been Hurun town, the epicenter, said that population of 9 billion, meaning hospitalized. All were reported to be fallen rocks were being cleared from The local government was working that agricultural products need in stable condition. the street by a crew organized by the on that, Huang added. to increase by 50 percent to meet The epicenter was 10 kilometers local government. The Baise municipal government people’s food requirements by deep in an area bordering Vietnam.