CITIC Securities Joins Dow Jones China Offshore 50 Index
Changes Follow Regular Index Review
LONDON, March 8, 2012 (GLOBE NEWSWIRE) -- Jiangsu Yanghe Brewery Joint-Stock Co. Ltd., Shandong Dong-E E-Jiao Co. Ltd. and Zhengzhou Coal Mining Machinery Group Co. Ltd. will be added to the Dow Jones China 88 Index following a regular semi-annual review, it was announced today by Dow Jones Indexes.
The Dow Jones China 88 Index tracks the largest and most liquid 88 stocks in China's Class-A market and reflects about 41.90% of the float-adjusted market capitalization of both the Shanghai and Shenzhen Class-A markets.
Three companies will be deleted from the Dow Jones China 88 Index: Youngor Group Co. Ltd., Yunnan Copper Co. Ltd. and Metallurgical Corp. of China Ltd.
Following the changes, the number of Shanghai-listed stocks in the Dow Jones China 88 Index will decrease from 61to 60, while the number of Shenzhen-listed stocks will increase from 27 to 28. Shanghai-listed stocks represent 77.40% of the free-float market capitalization of the Dow Jones China 88 Index, while the remaining 22.60% is for Shenzhen-listed stocks.
In addition to the Dow Jones China 88 Index revisions, Dow Jones Indexes also announced component changes to its Dow Jones China Index series as part of its regular periodic reviews; the series includes: Dow Jones China Offshore 50 (reviewed semi-annually); Dow Jones China Broad Market, Dow Jones Shanghai, Dow Jones Shenzhen and Dow Jones CBN China 600 (reviewed quarterly.)
All index changes will be effective after the close of trading on Friday, March 16, 2012.
Dow Jones China Offshore 50 Index
Also as a result of a (March and September) semi-annual review, Dow Jones Indexes announced revisions to its Dow Jones China Offshore 50 Index: CITIC Securities Co. Ltd. will be added, while China COSCO Holdings Co. Ltd. will be deleted.
The Dow Jones China Offshore 50 Index represents the largest stocks of companies whose primary operations are in mainland China, but trade on exchanges in Hong Kong and the U.S.
Dow Jones China Broad Market Index
With eight additions and two deletions, the number of components in the Dow Jones China Broad Market Index will increase to 1,480 from 1,474, with 1,439 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.
Dow Jones Shanghai, Dow Jones Shenzhen Indexes
Following their reviews, the number of components in the Dow Jones Shanghai Index will increase from 785 to 789, with five additions and one deletion; while the number of components in the Dow Jones Shenzhen Index will increase to 691 from 689 components, with three additions and one deletion. The Dow Jones Shanghai and Dow Jones Shenzhen Indexes represent approximately 95% of the free-float market capitalization of their respective markets.
Dow Jones CBN China 600
Ten components will be added and 10 components will be deleted in the Dow Jones CBN China 600 Index, a gauge which reflects roughly 80% of the free-float market capitalization of China's Class-A market.
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 Dow Jones China Indexes 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 media@djindexes.com or call one of Dow Jones Indexes' press offices.
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 part of a joint venture company 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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