NEW YORK, April 27, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced a component change in the Dow Jones China Offshore 50 Index.
Effective with the open of trading on Tuesday, May 1, 2007, China CITIC Bank (Banks; Hong Kong, 0998) will replace Shanghai Industrial Holdings Ltd (Industrial Goods & Services; Hong Kong, 0363) in the Dow Jones China Offshore 50 Index.
China CITIC Bank is being added to the Dow Jones China Offshore 50 Index following its IPO on the Hong Kong Stock Exchange. The company ranks among the top 25 by float-adjusted market capitalization and qualities for the fast-entry rule.
The Dow Jones China Offshore 50 Index represents the largest, super-sector leaders of companies whose primary operations are in mainland China but trade at the Hong Kong Stock Exchange, New York Stock Exchange, NASDAQ or American Stock Exchange. Stocks included in the index are H shares, red chips, ADR/ADS and Chinese stocks listed in the U.S. If a stock is traded on two or more overseas exchanges, only the listing with the highest trading volume is included in the selection universe.
The index is weighted based on float-adjusted market capitalization. The weights of individual components are capped at 10% of the float-adjusted market capitalization of the index.
Further information about the Dow Jones China Offshore 50 Index, including the component list, methodology and performance data, is available on the Dow Jones Indexes Web site at http://www.djindexes.com
Company additions to and deletions from the Dow Jones China Offshore 50 Index 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:
New York: +1-212-597-5720 Frankfurt: +49-69-2972-5290
The Dow Jones Indexes logo is available at http://www.primezone.com/newsroom/prs/?pkgid=1289
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About Dow Jones Indexes
A full-service index provider, Dow Jones Indexes 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 also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com
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