BEIJING, Sept. 11, 2006 (PRIMEZONE) -- Dow Jones Indexes, a leading global index provider, today announced changes in the composition of the Dow Jones China Index Series (Dow-China Indexes). Component changes in the Dow Jones China 88 (Dow-China 88), Dow Jones China Offshore 50, Dow Jones China Total Market (Dow-China Total Market), Dow Jones Shanghai (Dow-Shanghai), Dow Jones Shenzhen (Dow-Shenzhen), and Dow Jones CBN China 600 indexes will be effective on September 18, 2006.
The following 13 companies will join the Dow-China 88, which tracks the largest and most liquid 88 stocks in China's Class-A market and reflects roughly 35.43% of the float-adjusted market capitalization of both the Shanghai and Shenzhen markets: Bank Of China Limited, Daqin Railway Co., Ltd., Henan Shuanghui Investment and No. 65286; Development Co., Ltd., Huludao Zinc Industry Co., Ltd., Jiangxi Copper Co., Ltd., Long March Launch Vehicle Technology Co., Ltd., Poly Real Estate Group Co., Ltd., Shanghai Aerospace Automobile Electromechanical Co., Ltd., Shenzhen Zhongjin Lingnan Nonfemet Co., Ltd., Sichuan Hongda Co., Ltd., TBEA Co., Ltd., Xi'an Aircraft International Corporation and Yunnan Copper Co., Ltd.
The companies exiting the index are: Guang Dong Mei Yan Enterprise (Group) Co., Ltd., Guangdong Electric Power Development Co., Ltd., Guangzhou Development Industry (Holdings) Co., Ltd., Hebei Jinniu Energy & Resources Co., Ltd., Henan Zhongyuan Expressway Co., Ltd., Huadian Power International Co., Ltd., Insigma Technology Co., Ltd., SGIS Songshan Co., Ltd., Shanghai Belling Co., Ltd., Shanghai Shenhua Holdings Co., Ltd., Shanghai Zi Jiang Enterprise Group Co., Ltd., Top Energy Co., Ltd. Shanxi and Tsingtao Brewery Co., Ltd.
The number of Shanghai-listed stocks in the Dow-China 88 will be decreased to 59 from 61 components, while the number of Shenzhen-listed stocks will be increased to 29 from 27 components. Shanghai-listed stocks represent 72.39% of the free-float market capitalization of the Dow-China 88, compared to 27.61% for Shenzhen-listed companies.
The following two companies will be added to the Dow Jones China Offshore 50 Index: CNPC (Hong Kong) Ltd. and Suntech Power Holdings Co. Ltd. ADS. The companies exiting the index are: China Shipping Container Lines Co. Ltd. and Weiqiao Textile Co. Ltd. Launched in October 2005, the Dow Jones China Offshore 50 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.
Changes made to the Dow Jones China 88 and Dow Jones China Offshore 50 indexes are being announced today after the conclusion of a regular semi-annual component review.
The number of components in the Dow-China Total Market Index will increase to 1137 from 1130, with 1072 A-shares and 65 B-shares. The Dow-China Total 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-Shanghai Index will increase to 708 from 701, with 12 additions and five deletions, while the number of components in the Dow-Shenzhen Index will remain unchanged with 429 components (eight additions and eight deletions). The Dow-Shanghai and Dow-Shenzhen indexes represent approximately 95% of the free-float market capitalization of their respective markets. Twenty-six components will be replaced in the Dow Jones CBN China 600 Index, which reflects roughly 80% of China's free-float market capitalization. Changes are being announced today after the conclusion of a regular quarterly review.
As a result of the deletion from the Dow Jones CBN China 600 Index, GITI Tire Corporation will also exit the Dow Jones CBN China 600 Automobiles and Parts Blue-Chip Index, which is a subset of the Dow Jones CBN China 600 Index. The company joining the index is: Xiamen King Long Motor Co., Ltd.
The Dow-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-China 88, Dow-China Total Market, Dow-Shanghai and Dow-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.
The methodology, as well as a full list of components, weightings and values of the Dow Jones China Indexes, is available at http://chinaindex.dowjones.com.
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: PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:
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