Guotai Asset Management Will License the NASDAQ-100 Index(r) and Launch An
Exchange-Listed Product for Domestic Investors
NEW YORK and SHANGHAI, China, Feb. 26, 2009 (GLOBE NEWSWIRE) -- Guotai Asset
Management and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today that
Guotai has executed an exclusive licensing agreement with NASDAQ OMX to use the
NASDAQ-100 Index in the development of an exchange traded product in China. The
announcement comes as demand for indexed overseas products in China is rapidly
developing. Subject to regulatory approval, this NASDAQ-100 Index-linked
product will be the first foreign index-linked financial product traded in
China.
Domestic investors in China who wish to invest in foreign capital markets must
do so through the Qualified Domestic Institutional Investor (QDII) program. The
program, first announced in April 2006, is designed to allow certain
institutions, subject to approval from the China Securities and Regulatory
Commission, to offer funds which are invested in foreign securities.
About Guotai
Guotai Asset Management Co., Ltd. was founded in 1998 as one of the original
asset managers in China. A fully licensed asset manager, Guotai is also an
authorized manager for social security, corporate annuity, QDII, and segregate
accounts in addition to a full spectrum of mutual fund products. Headquartered
in Shanghai, the company has locations in Beijing and Shenzhen.
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers
trading, exchange technology and public company services across six continents,
with over 3,800 listed companies. NASDAQ OMX offers multiple capital raising
solutions to companies around the globe, including its U.S. listings market,
NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A
sector. The company offers trading across multiple asset classes including
equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ
OMX technology supports the operations of over 70 exchanges, clearing
organizations and central securities depositories in more than 50 countries.
NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the
common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm,
Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX,
visit http://www.nasdaqomx.com.
NASDAQ(r), NASDAQ-100(r), and NASDAQ-100 Index(r), are registered trademarks of
The NASDAQ OMX Group, Inc. (which with its affiliates is collectively referred
to as "NASDAQ OMX") and have been licensed for use by Guotai Asset Management
Co., Ltd. ("Guotai") for the development of an exchange traded product in China
(the "Guotai Product"). The Guotai Product has not been passed on by NASDAQ OMX
as to its legality or suitability, and the Guotai Product will not be issued,
endorsed, sold, or promoted by NASDAQ OMX. NASDAQ OMX makes no warranties and
bears no liability with respect to the Guotai Product.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein may contain forward-looking statements that are
made under the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. These statements include, but are not limited to,
statements about NASDAQ OMX's products and offerings. We caution that these
statements are not guarantees of future performance. Actual results may differ
materially from those expressed or implied in the forward-looking statements.
Forward-looking statements involve a number of risks, uncertainties or other
factors beyond NASDAQ OMX's control. These factors include, but are not limited
to, factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic
reports filed with the U.S. Securities and Exchange Commission. We undertake no
obligation to release any revisions to any forward-looking statements.
NDAQG
CONTACT: The NASDAQ OMX Group, Inc.
Media Contacts:
Bethany Sherman
+1 212 401 8714
bethany.sherman@nasdaqomx.com
Anna Rasin
+46 8 405 66 12
anna.rasin@nasdaqomx.com
Guotai Asset Management Co., Ltd.
Media Contact:
Shelley Yang
86 21 3856 1708
Shelley_Yang@gtfund.com
Guotai Asset Management Signs Exclusive Agreement for NASDAQ-100 Index(r) in China
| Source: The NASDAQ OMX Group, Inc.