NEW YORK, Dec. 17, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the results of a regular index review of the Dow Jones China Index Series (Dow-China Indexes). Component changes in the Dow Jones China Total Market (Dow-China Total Market), Dow Jones Shanghai (Dow-Shanghai), Dow Jones Shenzhen (Dow-Shenzhen), Dow Jones CBN China 600, and Dow Jones CBN China 600 Sector Blue-Chip indexes will be effective as of the open of trading on December 24, 2007.
With 15 additions and 16 deletions, the number of components in the Dow-China Total Market Index will decrease to 1150 from 1151 with 1091 A-shares and 59 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 decrease to 704 from 707, with 8 additions and 11 deletions, while the number of components in the Dow-Shenzhen Index will increase to 446 from 444 components, with 7 additions and 5 deletions. The Dow-Shanghai and Dow-Shenzhen indexes represent approximately 95% of the free-float market capitalization of their respective markets.
Thirty-three components will be replaced in the Dow Jones CBN China 600 Index, which reflects roughly 80% of China's free-float market capitalization.
Dow Jones Indexes also completed the regular semiannual review for the Dow Jones CBN China 600 Sector Blue-Chip Indexes, which were launched on September 8, 2005 as subsets of the Dow Jones CBN China 600 Index.
All changes are being announced today after the conclusion of a regular index review.
No review took place for the Dow Jones China 88 and Dow Jones China Offshore 50 indexes, which are reviewed semiannually in March and September.
The methodology, as well as a full list of components, weightings and index values of the Dow Jones China Indexes, is available at http://www.djchinaindexes.com
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-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.
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: New York: +1-212-597-5720, Frankfurt: +49-69-29-725-290
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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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