Investors will wake up to a China equities benchmark that will better reflect the drivers of growth in the world's no.2 economy. Following the first stage of a rebalance of the MSCI China, internet stocks listed in the US, most notably Alibaba (BABA) and Baidu (BIDU), will be included in the index as of Dec 1. Rebalance-related flows kicked in at the close on Monday, coinciding with the IMF's decision earlier today to include the yuan in its SDR basket. Alibaba trades nearly $7 bln worth of volume, gains 3.3% to close at $84.08; Baidu trades $5.5 bln, rises 6% to close at $217.97; NetEase (NTES) trades $1.2 bln, adds 1.6% to finish day at $166.66; JD.com JD.O trades $1.1 bln, lifts 2.4% to close $30.68 Credit Suisse estimated that $4 bln worth of buying, representing about half of the final free float market cap, would have been required for the 15 newly added ADRs. The second stage of the rebalance is scheduled to occur in May next year Making way for the ADRs, Tencent 0700.HK and large Chinese SOEs such as banks and energy companies will see their weights in the index trimmed First-stage rebalance bumps Tech up to about a 20% (from 12%) of the MSCI China index, according to broker estimates. I think about buying BABA and BIDU today.