Chinese shares will be soon added to FTSE Russell global indexes, Bloomberg reports. This is one more step of the country to opening its market, Bloomberg reports.

Inclusion of shares into the indexes will be done in three stages, starting from June. As a result, China’s A shares from about 1200 corporations will represent 5,5% of FTSE Emerging Index. FTSE will also add Chinese governmental bonds into its watch list for possible future inclusion into indexes.

FTSE’s decision was made after MSCI Inc. added Chinese companies into its indexes.

According to CEO of FTSE Russell, this is a very significant change that will be observed for the next five or so years and as a result, about 10% of global portfolio will be in Chinese firms.

Any inflows in FTSE-tracking funds will help Chinese stocks that show not very good results this year. Shanghai Composite Index lost 15% in 2018.