The Dow Jones CBN China 600 Sector Blue-Chip indexes were created to measure the performance of the largest Chinese companies in each of the 18 Supersectors defined by the Industry Classification Benchmark (ICB).
”The Dow Jones CBN China 600 Sector Blue-Chip Index will broaden and diversify our already existing index offering for China,” said Lars Hamich, managing director of STOXX Ltd., the joint venture that is responsible for Dow Jones Indexes’ business development in Asia, Europe and the Middle East. “The new Chinese sector Blue-Chip indexes will deepen the understanding of China as a financial market for national as well as global investors.”
Mr. Hamich continued, “Dow Jones Indexes will license the Dow Jones CBN China 600 Sector Blue-Chip indexes to financial institutions as the basis for investment products which will offer investors the opportunity to participate in the performance of one of today’s most dynamic markets.”
”The series of Dow Jones-CBN China 600 Sector Blue-Chip indexes is another successful cooperative product between Dow Jones and China Business Network after the Dow Jones CBN China 600 Index,” said Ruigang Li, chairman of CBN. “The launch of the index is a strategically significant step for CBN to enter into other industry arenas and develop derivative products.”
He continued, “The cooperation marks CBN not only as a professional financial medium that provides real-time, accurate, and high-standard financial news and in-depth analysis to the global Chinese audiences, but also as a professional financial-information provider that offers the best information services.”
The Dow Jones CBN China 600 Index, a co-branded index by Dow Jones Indexes and CBN, was launched in September 2004 and is based on the stock prices of the 600 largest companies listed at the Shanghai Stock Exchange and Shenzhen Stock Exchange. The Dow Jones CBN China 600 Index is part of the Dow Jones STOXX Global 1800/600 indexes series. The series comprises the Dow Jones STOXX 600 Index (Europe), the Dow Jones Americas 600 Index, the Dow Jones Asia/Pacific 600 Index and the Dow Jones STOXX Global 1800 Index, which is a composite of the three regional indexes.
