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MSCI Adds 14 China ADRs to Top Indexes as Xi Focuses on Tech

MSCI Inc. said it will add 14 U.S.-traded Chinese stocks to its largest indexes, giving a boost to some of the country’s biggest technology companies as President Xi Jinping moves to increase their role in the nation’s economic growth.

The American depositary receipts of companies from online retailer Alibaba Group Holding Ltd. to search engine Baidu Inc. will be listed in gauges including the MSCI China Index and MSCI Emerging Markets Index, the New York-based company said in a statement Thursday. In all, 21 foreign-listed stocks from markets including Hong Kong, Israel and the Netherlands are being added to the major benchmark gauges, according to the statement. Forty-five overseas-traded companies will be in small-cap indexes.

With an estimated $9.5 trillion of assets benchmarked to MSCI’s indexes, stocks typically rise when they are added to them as...