Australia to take hit from MSCI changes

Of the 222 Chinese A stocks that qualify for inclusion in the MSCI benchmark, the process will only start in May 2018.

The importance of including China A shares in the MSCI indices is not in the short-term numbers but in the long-term trend as China dominates emerging market and regional benchmarks.

Property sellers face 12.5pc tax

Sellers of residential property worth $750,000 or more could face a tax imposte in moves to stop foreign owners avoiding CGT.