NEW YORK, Sept. 9, 2010 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced changes in the composition of the Dow Jones China Index series. Component changes in the Dow Jones China 88, Dow Jones China Offshore 50, Dow Jones China Broad Market, Dow Jones Shanghai, Dow Jones Shenzhen and Dow Jones CBN China 600 indexes will be effective after the close of trading on Friday, September 17, 2010.
The following six companies will be deleted from the Dow Jones China 88 Index, which tracks the largest and most liquid 88 stocks in China's Class-A market and reflects roughly 39.65% of the float-adjusted market capitalization of both the Shanghai and Shenzhen Class-A markets: Hong Yuan Securities Co. Ltd. (Financial Services, 000562.SZ), Pangang Group Steel Vanadium & Titanium Co. Ltd. (Basic Resources, 000629.SZ), Shanghai Zhenhua Heavy Industry Co. Ltd. (Industrial Goods & Services, 600320.SH), Shanghai Dazhong Public Utilities (Group) Co. Ltd. (Utilities, 600635.SH), Shenergy Co. Ltd. (Utilities, 600642.SH) and Jinduicheng Molybdenum Co. Ltd. (Basic Resources, 601958.SH).
The six companies that are being added to the Dow Jones China 88 Index are: Weichai Power Co. Ltd. (Industrial Goods & Services, 000338.SZ), China Gezhouba Group Co. Ltd. (Construction & Materials, 600068.SH), Inner Mongolia Baotou Steel Rare-Earth(Group) Hi-Tech Co. Ltd. (Basic Resources, 600111.SH), Xinjiang Guanghui Industry Co. Ltd. (Real Estate, 600256.SH), Agricultural Bank of China Ltd. (Banks, 601288.SH) and China Shipbuilding Industry Co. Ltd. (Industrial Goods & Services, 601989.SH).
The number of Shanghai-listed stocks in the Dow Jones China 88 Index will increase to 63 from 62 components, while the number of Shenzhen-listed stocks will decrease to 25 from 26 components. Shanghai-listed stocks represent 79.47% of the free-float market capitalization of the Dow Jones China 88 Index, compared to 20.53% for Shenzhen-listed stocks.
One component will be removed from the Dow Jones China Offshore 50 Index, which represents the largest stocks of companies whose primary operations are in mainland China but that trade on exchanges in Hong Kong and the U.S. Kunlun Energy Co. Ltd. (Oil & Gas, 0135.HK) will replace China Shipping Development Co. Ltd. (Industrial Goods & Services, 1138.HK).
The number of components in the Dow Jones China Broad Market Index will increase to 1314 from 1272 after 42 companies are being added. The index will include 1273 A-shares and 41 B-shares. The Dow Jones China Broad Market Index reflects approximately 95% of the free-float market capitalization for both the Shanghai and Shenzhen markets.
The number of components in the Dow Jones Shanghai Index will increase to 738 from 731, with seven additions, while the number of components in the Dow Jones Shenzhen Index will increase to 576 from 541 components, with 35 additions. The Dow Jones Shanghai and Dow Jones Shenzhen indexes represent approximately 95% of the free-float market capitalization of their respective markets.
There will be 25 components replaced in the Dow Jones CBN China 600 Index. The Index reflects roughly 80% of the free-float market capitalization of China's Class-A market.
All changes above are being announced today after the conclusion of a regular periodical review. Further information on the Dow Jones China Indexes is available at .
The Dow Jones China Indexes are designed to provide investors globally with accurate tools for measuring equity performance in China. Float-adjusted shares are used for stock selection and index calculation, in order to accurately reflect shares available to the public. Block holdings of individuals, other companies or governments that exceed 5% of total market value are excluded.
The Dow Jones China 88, Dow Jones Shanghai and Dow Jones Shenzhen indexes were launched on May 28, 1996 to commemorate the 100th anniversary of the Dow Jones Industrial Average, the world's most widely quoted stock market indicator.
Company additions to and deletions from the do not in any way reflect an opinion on the investment merits of the company.
Journalists may e-mail questions regarding this press release to PR-Indexes@dowjones.com
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About Dow Jones Indexes
Dow Jones Indexes ( www.djindexes.com ) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. ( www.cmegroup.com ) and 10 percent by Dow Jones & Company, Inc. ( www.dowjones.com ), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) ( www.newscorp.com ).
"Dow Jones®", "Dow Jones Indexes", "Dow Jones China Indexes" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones China Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in any of the Dow Jones China Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
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