NEW YORK, March 13, 2009 (GLOBE NEWSWIRE) — 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 March 20, 2009.
The following nine 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 48.14% of the float-adjusted market capitalization of both the Shanghai and Shenzhen Class-A markets: Beijing Gehua CATV Network Co., Ltd. (Media, 600037.SH), Beijing North Star Co., Ltd. (Real Estate, 601588.SH), China CITIC Bank Corporation Ltd. (Banks, 601998.SH), China International Marine Containers (Group) Co., Ltd. (Industrial Goods & Services, 000039.SZ), China Oilfield Services Ltd. (Oil & Gas, 601808.SH), Inner Mongolia BaoTou Steel Union Co., Ltd. (Basic Resources, 600010.SH), China Shipping Container Lines Co., Ltd. (Industrial Goods & Services, 601866.SH), China Southern Airlines Co., Ltd. (Travel & Leisure, 600029.SH) and Tianjin Port Co., Ltd. (Industrial Goods & Services, 600717.SH).
The nine companies that are being added to the Dow Jones China 88 Index are: Changsha Zoomlion Heavy Industry Science and Technology Development Co., Ltd. (Industrial Goods & Services, 000157.SZ), China Railway Erju Co., Ltd. (Construction & Materials, 600528.SH), Luzhou Laojiao Co., Ltd. (Food & Beverage, 000568.SZ), Haitong Securities Co., Ltd. (Financial Services, 600837.SH), Hebei Jinniu Energy Resources Co., Ltd. (Basic Resources, 000937.SZ), Heilongjiang Agriculture Co., Ltd. (Food & Beverage, 600598.SH), Xinjiang Goldwind Science & Technology Co., Ltd. (Oil & Gas, 002202.SZ), Shandong Gold-mining Co., Ltd. (Basic Resources, 600547.SH) and Shanxi Guoyang New Energy Co., Ltd. (Basic Resources, 600348.SH).
The number of Shanghai-listed stocks in the Dow Jones China 88 Index will decrease to 67 from 70 components, and the number of Shenzhen-listed stocks will increase to 21 from 18 components. Shanghai-listed stocks represent 83.69% of the free-float market capitalization of the Dow Jones China 88 Index, compared to 16.31% for Shenzhen-listed stocks.
Five 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: Cosco Pacific Ltd. (Industrial Goods & Services, 1199.HK), Focus Media Holding Limited (Media, FMCN), GuangZhou R&F Properties Co. Ltd (Real Estate, 2777.HK), JA Solar Holdings Co. Ltd. ADS (Oil & Gas, JASO) and Suntech Power Holdings Co. Ltd. (ADS) (Oil & Gas, STP).
The following five companies will be added to the Dow Jones China Offshore 50 Index: Beijing Enterprises Holdings Limited (Industrial Goods & Services, 0392.HK), Netease.com Inc. (Technology, NTES), Shanda Interactive Entertainment Ltd. (Personal & Household Goods, SNDA), Sina Corporation (Technology, SINA) and Sohu.com Inc. (Technology, SOHU).
The number of components in the Dow Jones China Broad Market Index will decrease to 1167 from 1168 after 22 companies are being deleted and 21 companies are being added. The index will include 1128 A-shares and 39 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 decrease to 704 from 715, with 4 additions and 15 deletions, while the number of components in the Dow Jones Shenzhen Index will increase to 463 from 453 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 27 components replaced in the Dow Jones CBN China 600 Index. The Index reflects roughly 85% 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.
While the Dow Jones CBN China 600 Sector Blue-Chip indexes are typically reviewed semiannually in June and December, two changes are being announced this quarter. In the Dow Jones CBN China 600 Construction & Materials Blue-Chip Index, Long Yuan Construction Group Co., Ltd. (Construction & Materials, 600491.SH) will be removed due to its deletion from the Dow Jones CBN China 600 Index, of which the Dow Jones CBN China Construction & Materials Index is a subset. The company will be replaced by Shandong Jinjing Science & Technology Stock Co., Ltd (Construction & Materials, 600586.SH).
Zhejiang Haiyue Co., Ltd. (Oil & Gas, 600387.SH) will be removed from the Dow Jones CBN China 600 Oil & Gas Blue-Chip Index due to its deletion from the Dow Jones CBN China 600 Index, of which the Dow Jones CBN China Oil & Gas Index is a subset. No replacement will be made at this time.
The Dow Jones CBN China 600 Sector Blue-Chip Indexes were launched on September 8, 2005 as subset of the Dow Jones CBN China 600 Index.
The methodology, as well as a full list of components, weightings and values, of the Dow Jones China Indexes are available at 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, 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 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.
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, 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 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. djindexes.com
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