Sep 8, 2011 (GlobeNewswire via COMTEX) --
Focus Media Holding, Brilliance China Automotive Holdings,
Air China Join Dow Jones China Offshore 50 Index
Changes Follow Regular Index Review
LONDON, Sept. 8, 2011 (GLOBE NEWSWIRE) -- Inner Mongolia Yili Industrial Group Co. Ltd. (600887.SH) and Pangang Group Steel Vanadium & Titanium Co. Ltd. (000629.SZ) will be among five stocks added to the Dow Jones China 88 Index following a regular semi-annual review, it was announced today by Dow Jones Indexes.
The Dow Jones China 88 Index tracks the largest and most liquid 88 stocks in China's Class-A market and reflects about 39.56% of the float-adjusted market capitalization of both the Shanghai and Shenzhen Class-A markets.
Inner Mongolian Baotou Steel Union Co. Ltd. (600010.SH), China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. (000758.SZ) and XCMG Construction Machinery Co. Ltd. (000425.SZ) will also be added to the index as part of its semi-annual (March and September) review.
Five companies will be deleted from the Dow Jones China 88 Index: China Railway Construction Corp. Ltd. (601186.SH), Shanghai International Airport Co. Ltd. (600009.SH), Xi'an Aircraft International Corp. (000768.SZ), Baoding Tianwei Baobian Electric Co. Ltd. (600550.SH) and CITIC Guoan information Industry Co. Ltd. (000839.SZ).
Following the changes, the number of Shanghai-listed stocks in the Dow Jones China 88 Index will decrease to 61 components from 62, while the number of Shenzhen-listed stocks will increase to 27 from 26. Shanghai-listed stocks represent 76.70% of the free-float market capitalization of the Dow Jones China 88 Index, compared to 23.30% for Shenzhen-listed stocks.
In addition to the Dow Jones China 88 Index, Dow Jones Indexes announced component changes to its Dow Jones China Index series as part of its regular periodic reviews; the series includes: Dow Jones China Offshore 50 (reviewed semi-annually); Dow Jones China Broad Market, Dow Jones Shanghai, Dow Jones Shenzhen and Dow Jones CBN China 600 (reviewed quarterly).
All index changes will be effective after the close of trading on September 16, 2011.
Dow Jones China Offshore 50 Index
Also as a result of a (March and September) semi-annual review, Dow Jones Indexes announced revisions to its Dow Jones China Offshore 50 Index: Focus Media Holding Ltd. ADS (FMCN), Brilliance China Automotive Holdings Ltd. (1114.HK) and Air China Ltd. (0753.HK) will be added, while BYD Co. Ltd. (1211.HK), China Railway Group Ltd. (0390.HK) and China Railway Construction Corp. Ltd. (1186.HK) will be deleted.
The Dow Jones China Offshore 50 Index represents the largest stocks of companies whose primary operations are in mainland China, but trade on exchanges in Hong Kong and the U.S.
Dow Jones China Broad Market Index
With 29 additions and two deletions, the number of components in the Dow Jones China Broad Market Index will increase to 1,460 from 1,433. The index will include 1,415 A-shares and 45 B-shares. The Dow Jones China Broad Market Index reflects approximately 95% of the free-float market capitalization for both the Shanghai and Shenzhen markets.
Dow Jones Shanghai, Dow Jones Shenzhen Indexes
Following their reviews, the number of components in the Dow Jones Shanghai Index will increase to 777 from 765, with 12 additions; while the number of components in the Dow Jones Shenzhen Index will increase to 683 from 668 components, with 17 additions and two deletions. The Dow Jones Shanghai and Dow Jones Shenzhen Indexes represent approximately 95% of the free-float market capitalization of their respective markets.
Dow Jones CBN China 600
Fourteen components will be added and 14 components will be deleted in the Dow Jones CBN China 600 Index, which index reflects roughly 80% of the free-float market capitalization of China's Class-A market.
Further information on the Dow Jones China Indexes is available at www.djindexes.com/chinese
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 28, 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 media@djindexes.com
About Dow Jones Indexes
Dow Jones Indexes ( www.djindexes.com ) is a leading full-service index provider that 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 offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. ( www.cmegroup.com ) and 10 percent by Dow Jones & Company, Inc. ( www.dowjones.com ), a News Corporation company /quotes/zigman/94823/quotes/nls/nws NWS +0.24% /quotes/zigman/94858/quotes/nls/nwsa NWSA +0.18% (asx:NWS) (asx:NWSLV) ( www.newscorp.com ).
"Dow Jones(R)", "Dow Jones Indexes", "Dow Jones China Indexes" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones China Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in any of the Dow Jones China Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
The Dow Jones Indexes logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1289
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Dow Jones Indexes
Source:marketwatch