FTSE Xinhua Index (FXI), the independent China index company, today announced the results of its quarterly index review.
In the FTSE/Xinhua China 25 Index, China Citic Bank (H) and China Coal Energy (H) will be added to the index in replacement of Zijin Mining Group (H) and PICC Property & Casualty (H). Youngor Group (A) and Hong Yuan Securities (A) are to be included in the FTSE/Xinhua China A50 Index, while Shanghai Oriental Pearl Group (A) and China Southern Airlines (A) will be removed. The changes will be effective at the start of trading on Monday 23 July, 2007.
The quarterly index review includes changes to the FTSE Xinhua 200, 400, Small Cap and All Index, China B35 and B All Share Index. Full details of all entries and exits for these indices can be obtained here.
The FTSE Xinhua Index Series is reviewed quarterly in January, April, July and October by an independent index committee, comprising a group of local and international financial market experts. The index series is widely regarded as the leading measure of the China market by domestic and international investors and is used as the basis of a set of Exchange Traded Funds (ETFs), and derivative products on exchanges around the world. At the end of May of 2007, the total assets tracking and benchmarking the index series exceeded USD 71 billion worldwide.
More information about the FTSE Xinhua Index Series is available at www.ftsexinhua.com
