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NEW YORK
(Sept. 15, 2008)
¨C 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 as of the open of trading on September 22, 2008.
Ten companies will be changed in the Dow Jones China 88 Index, which tracks the
largest and most liquid 88 stocks in China¡¯s Class-A market and reflects
roughly 53.14% of the float-adjusted market capitalization of both the
Shanghai and Shenzhen Class-A markets.
The number of Shanghai-listed stocks in the Dow Jones
China 88 Index will be increased to 70 from 67
components, while the number of Shenzhen-listed stocks
will be decreased to 18 from 21 components.
Shanghai-listed stocks represent 86.03% of the
free-float market capitalization of the Dow Jones
China 88 Index, compared to 13.97% for
Shenzhen-listed companies.
Changes
made to the Dow Jones China 88 are being announced today
after the conclusion of a regular semiannually component
review.
The Dow Jones China Indexes are designed to provide
investors globally with accurate tools for measuring
equity performance in China. Float-adjusted shares,
which exclude all state-owned and unlisted employee
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 also excluded.
The Dow Jones China 88, Dow Jones Shanghai and Dow Jones
Shenzhen indexes were launched on May 27, 1996 to
commemorate the 100th anniversary of the Dow Jones
Industrial Average, the world¡¯s most widely quoted stock
market indicator.
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