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Dow Jones Indexes, a leading global index provider, today announced a component change in the Dow Jones China Offshore 50 Index.
Effective with the open of trading on Tuesday, May 1, 2007, China CITIC Bank (Banks; Hong Kong, 0998) will replace Shanghai Industrial Holdings Ltd (Industrial Goods & Services; Hong Kong, 0363) in the Dow Jones China Offshore 50 Index.
China CITIC Bank is being added to the Dow Jones China Offshore 50 Index following its IPO on the Hong Kong Stock Exchange. The company ranks among the top 25 by float-adjusted market capitalization and qualities for the fast-entry rule.
The Dow Jones China Offshore 50 Index represents the largest, super-sector leaders of companies whose primary operations are in mainland China but trade at the Hong Kong Stock Exchange, New York Stock Exchange, Nasdaq or American Stock Exchange. Stocks included in the index are H shares, red chips, ADR/ADS and Chinese stocks listed in the U.S. If a stock is traded on two or more overseas exchanges, only the listing with the highest trading volume is included in the selection universe.
The index is weighted based on float-adjusted market capitalization. The weights of individual components are capped at 10% of the float-adjusted market capitalization of the index.
Further information about the Dow Jones China Offshore 50 Index, including the component list, methodology and performance data, is available on the Dow Jones Indexes Web site at http://www.djindexes.com
