Inner Mongolia Yili Industrial Group Co. Ltd. (600887.SH) and Pangang Group Steel Vanadium & Titanium Co. Ltd. (000629.SZ) will be among five stocks added to the Dow Jones China 88 Index following a regular semi-annual review, it was announced today by Dow Jones Indexes.
The Dow Jones China 88 Index tracks the largest and most liquid 88 stocks in China’s Class-A market and reflects about 39.56% of the float-adjusted market capitalization of both the Shanghai and Shenzhen Class-A markets.
Inner Mongolian Baotou Steel Union Co. Ltd. (600010.SH), China Nonferrous Metal Industry's Foreign Engineering and Construction Co. Ltd. (000758.SZ) and XCMG Construction Machinery Co. Ltd. (000425.SZ) will also be added to the index as part of its semi-annual (March and September) review.
Five companies will be deleted from the Dow Jones China 88 Index: China Railway Construction Corp. Ltd. (601186.SH), Shanghai International Airport Co. Ltd. (600009.SH), Xi'an Aircraft International Corp. (000768.SZ), Baoding Tianwei Baobian Electric Co. Ltd. (600550.SH) and CITIC Guoan information Industry Co. Ltd. (000839.SZ).
Following the changes, the number of Shanghai-listed stocks in the Dow Jones China 88 Index will decrease to 61 components from 62, while the number of Shenzhen-listed stocks will increase to 27 from 26. Shanghai-listed stocks represent 76.70% of the free-float market capitalization of the Dow Jones China 88 Index, compared to 23.30% for Shenzhen-listed stocks.
In addition to the Dow Jones China 88 Index, Dow Jones Indexes announced component changes to its Dow Jones China Index series as part of its regular periodic reviews; the series includes: Dow Jones China Offshore 50 (reviewed semi-annually); Dow Jones China Broad Market, Dow Jones Shanghai, Dow Jones Shenzhen and Dow Jones CBN China 600 (reviewed quarterly)
All index changes will be effective after the close of trading on September 16, 2011.
Dow Jones China Offshore 50 Index
Also as a result of a (March and September) semi-annual review, Dow Jones Indexes announced revisions to its Dow Jones China Offshore 50 Index: Focus Media Holding Ltd. ADS (FMCN), Brilliance China Automotive Holdings Ltd. (1114.HK) and Air China Ltd. (0753.HK) will be added, while BYD Co. Ltd. (1211.HK), China Railway Group Ltd. (0390.HK) and China Railway Construction Corp. Ltd. (1186.HK) will be deleted.
The Dow Jones China Offshore 50 Index represents the largest stocks of companies whose primary operations are in mainland China, but trade on exchanges in Hong Kong and the U.S.
Dow Jones China Broad Market Index
With 29 additions and two deletions, the number of components in the Dow Jones China Broad Market Index will increase to 1,460 from 1,433. The index will include 1,415 A-shares and 45 B-shares. The Dow Jones China Broad Market Index reflects approximately 95% of the free-float market capitalization for both the Shanghai and Shenzhen markets.
Dow Jones Shanghai, Dow Jones Shenzhen Indexes
Following their reviews, the number of components in the Dow Jones Shanghai Index will increase to 777 from 765, with 12 additions; while the number of components in the Dow Jones Shenzhen Index will increase to 683 from 668 components, with 17 additions and two deletions. The Dow Jones Shanghai and Dow Jones Shenzhen Indexes represent approximately 95% of the free-float market capitalization of their respective markets.
Dow Jones CBN China 600
Fourteen components will be added and 14 components will be deleted in the Dow Jones CBN China 600 Index, which index reflects roughly 80% of the free-float market capitalization of China’s Class-A market.
Further information on the Dow Jones China Indexes is available at www.djindexes.com/chinese
