On Thursday, June 28, 2001 FTSE Xinhua Index Ltd. will celebrate the U.S. launch of the FTSE/Xinhua China 25 Index, the first index to represent the performance of the mainland Chinese market that is open to international investors. Of the 25 companies in the index, 10 trade on the New York Stock Exchange as American Depositary Receipts and represent 49% of the index's market capitalization (as of April 5, 2001). An exchange-traded fund based on the index is expected to trade on the NYSE in early 2002.
To mark this occasion, Xinhua Financial Network Chairman Ma Yun Sheng and Chief Executive Mark Makepeace of FTSE will ring The Opening Bellâ„¢ at 09:30AM.
Interview opportunities with Mr. Makepeace and Fredy Bush, chief executive officer of Xinhua Financial Network, are available for interested media immediately following The Opening Bell.