NEW YORK, March 10, 2011 (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, March 18, 2011.
The following seven 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 38.64% of the float-adjusted market capitalization of both the Shanghai and Shenzhen Class-A markets: China Merchants Property Development Co. Ltd. (Real Estate, 000024.SZ), Shanxi Taigang Stainless Steel Co. Ltd. (Basic Resources, 000825.SZ), Angang Steel Co. Ltd. (Basic Resources, 000898.SZ), Wuhan Iron & Steel Co. Ltd. (Basic Resources, 600005.SH), Huaneng Power International, Inc. (Utilities, 600011.SH), Shanghai Oriental Pearl (Group) Co. Ltd. (Travel & Leisure, 600832.SH) and Everbright Securities Co. Ltd. (Financial Services, 601788.SH).
The seven companies that are being added to the Dow Jones China 88 Index are: China Baoan Group Co. Ltd. (Real Estate, 000009.SZ), CSG Holding Co. Ltd. (Construction & Materials, 000012.SZ), GD Midea Holding Co. Ltd. (Personal & Household Goods, 000527.SZ), Tongling Nonferrous Metals Group Co. Ltd. (Basic Resources, 000630.SZ), Dongfang Electric Co. Ltd. (Industrial Goods & Services, 600875.SH ), China CNR Corp. Ltd. (Industrial Goods & Services, 601299.SH) and China Everbright Bank Co. Ltd. (Banks, 601818.SH).
The number of Shanghai-listed stocks in the Dow Jones China 88 Index will decrease to 62 from 63 components, while the number of Shenzhen-listed stocks will increase to 26 from 25 components. Shanghai-listed stocks represent 78.50% of the free-float market capitalization of the Dow Jones China 88 Index, compared to 21.50% for Shenzhen-listed stocks.
Three components will be replaced in 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. The companies that will be deleted from the index are: Huaneng Power International Inc. (Utilities, 0902.HK), China Longyuan Power Group Corp. Ltd. (Oil & Gas, 0916.HK) and Sino-Ocean Land Holdings Ltd. (Real Estate, 3377.HK).
The following three companies will be added to the Dow Jones China Offshore 50 Index: PICC Property & Casualty Co. Ltd. (Insurance, 2328.HK), China Oilfield Services Ltd. (Oil & Gas, 2883.HK) and China National Building Material Co. Ltd. (Construction & Materials, 3323.HK).
The number of components in the Dow Jones China Broad Market Index will increase to 1406 from 1365, with seven deletions and 48 additions. The index will include 1362 A-shares and 44 B-shares. The Dow Jones China Broad Market Index reflects approximately 95% percent 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 758 from 748, with 13 additions and three deletions, while the number of components in the Dow Jones Shenzhen Index will increase to 648 from 617 components, with 35 additions and four deletions. 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 24 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.
The Dow Jones CBN China 600 Sector Blue-Chip indexes are reviewed semiannually in June and December.
Further information about the Dow Jones China Indexes, is available at .
The Dow Jones China Indexes are designed to provide market participants 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 firstname.lastname@example.org
Note to Editors:
About Dow Jones Indexes
Dow Jones Indexes () 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 part of a joint venture company owned 90 percent by CME Group Inc. () and 10 percent by Dow Jones & Company, Inc. (), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) ().
The Dow Jones Indexes logo is available at
"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.
CONTACT: Dow Jones Indexes' press offices: New York: +1-212-597-5720 London: +44-20-7796-7247