FTSE Agreement With China Galaxy Securities

FTSE/Xinhua Index (FXI), the joint venture company between FTSE Group and Xinhua Financial News, today signs an agreement with China Galaxy Securities, the largest investment broker in China, to collaborate on the calculation and dissemination of the Galaxy indices. Today's agreement represents another important milestone for FTSE/Xinhua in its development of a world-class index business for the China market, and enables FTSE/Xinhua to offer the most comprehensive market coverage of any domestic China index provider.

The Galaxy indices, which give extensive coverage of "A" share and "B" share China stocks, will be renamed the FTSE Xinhua Galaxy Index (FXGI) series. Enhancements planned for the indices will include reclassification of all stocks according to the FTSE Global Classification System, and the application of free float methodology. Galaxy will provide research and analysis on the FXG indices, and help to promote the whole FXI index family in China.