The decision by index provider MSCI to keep Chinese domestic stocks out of its emerging markets indices means many investors benchmarked against global indices will have to stay out of one of the world’s biggest markets. But if they decide to plunge in, there are plenty of options.

China's two stock markets in Shanghai and Shenzhen rank 4th and 7th based on domestic market capitalisation. Add them together and they would make the world's second-biggest.