Component Changes Made to Dow Jones China Indexes
NEW YORK, Sep 11, 2009 (GlobeNewswire via COMTEX) -- By Staff
Companies: Basic Resources Corp (BAER), China Shipping Development Co. Ltd. (CSDXF), Datang International Power Generation Co Ltd (DIPGY), Handan Iron & Steel Co (HDISF)
Dow Jones Indexes, a leading global index provider, today announced changes in the composition of the Dow Jones China Index series. Component changes in the Dow Jones China 88, Dow Jones China Offshore 50, Dow Jones China Broad Market, Dow Jones Shanghai, Dow Jones Shenzhen and Dow Jones CBN China 600 indexes will be effective after the close of trading on September 18, 2009.
The following five companies will be deleted from the Dow Jones China 88 Index, which tracks the largest and most liquid 88 stocks in China's Class-A market and reflects roughly 45.24% of the float-adjusted market capitalization of both the Shanghai and Shenzhen Class-A markets: China Shipping Development Co. Ltd. (600026.SH, Industrial Goods & Services), Datang International Power Generation Co. Ltd. (601991.SH, Utilities), Handan Iron & Steel Co. Ltd. (600001.SH, Basic Resources), Inner Mongolia Yili Industrial Group Co. Ltd. (600887.SH, Food & Beverage) and Sinochem International Corp. (600500.SH, Chemicals).
The five companies that are being added to the Dow Jones China 88 Index are: China State Construction Engineering Corp. Ltd. (601668.SH, Construction & Materials), Jiangxi Copper Co. Ltd. (600362.SH, Basic Resources), Shanxi Lu'an Environmental Energy Development Co. Ltd. (601699.SH, Basic Resources), Xi'an Aircraft International Corp. (000768.SZ, Industrial Goods & Services) and Zhongjin Gold Co. Ltd. (600489.SH, Basic Resources).
The number of Shanghai-listed stocks in the Dow Jones China 88 Index will decrease to 66 from 67 components, and the number of Shenzhen-listed stocks will increase to 22 from 21 components. Shanghai-listed stocks represent 81.44% of the free-float market capitalization of the Dow Jones China 88 Index, compared to 18.56% for Shenzhen-listed stocks.
Two components will be replaced in the Dow Jones China Offshore 50 Index, which 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. The companies that will be deleted from the index are: China Oilfield Services Ltd. (Oil & Gas, 2883.HK) and PICC Property & Casualty Co. Ltd. (Insurance, 2328.HK).
The following two companies will be added to the Dow Jones China Offshore 50 Index: BYD Co. Ltd. (Industrial Goods & Services, 1211.HK) and Dongfeng Motor Group Co. Ltd. (Automobiles & Parts, 0489.HK).
The number of components in the Dow Jones China Broad Market Index will increase to 1186 from 1167 after 11 companies are being deleted and 30 companies are being added. The index will include 1150 A-shares and 36 B-shares. The Dow Jones China Broad 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 Jones Shanghai Index will increase to 711 from 702, with 13 additions and 4 deletions, while the number of components in the Dow Jones Shenzhen Index will increase to 475 from 465 components, with 17 additions and 7 deletions. The Dow Jones Shanghai and Dow Jones Shenzhen indexes represent approximately 95% of the free-float market capitalization of their respective markets.
There will be 34 components replaced in the Dow Jones CBN China 600 Index. The Index reflects roughly 82% of the free-float market capitalization of China's Class-A market.
All changes above are being announced today after the conclusion of a regular periodical review. The methodology, as well as a full list of components, and values, of the Dow Jones China Indexes are available at http://www.djchinaindexes.com.
The Dow Jones China Indexes are designed to provide investors 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 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.
Note to Editors:
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 that are an integrated segment of the Dow Jones Global Index series. Additionally, Dow Jones Indexes maintains its benchmark index series, the Dow Jones Total Stock Market Indexes, which is anchored by the Dow Jones U.S. Total Stock Market Index and covers more than 12,000 securities in 65 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
Dow Jones & Company (www.dowjones.com) is a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com). Dow Jones is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Dow Jones Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to radio stations in the U.S.
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SOURCE: Dow Jones Indexes
CONTACT: Dow Jones Indexes/STOXX press offices: New York: +1-212-597-5720 Frankfurt: +49-69-29725-290 Hong Kong: +852-800-969-336 Singapore: +65-6-4154-299
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Companies: Basic Resources Corp (BAER), China Shipping Development Co. Ltd. (CSDXF), Datang International Power Generation Co Ltd (DIPGY), Handan Iron & Steel Co (HDISF)
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