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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, Air China (H) will be added to the index in replacement of CITIC Pacific (Red Chip). China State Shipbuilding (A), China Oilfield Services (A) and Bank of Beijing (A) are to be included in the FTSE/Xinhua China A50 Index, while Guangshen Railway (A), Yantai Wanhua Polyurethane (A) and Maanshan Iron & Steel (A) will be removed. The changes will be effective after the close of business on Friday 18 Jan, 2008.
The quarterly index review includes changes to the FTSE Xinhua 200, 400, Small Cap and China B35 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 2007, the total assets tracking and benchmarking the index series was approaching USD 125 billion worldwide.
More information about the FTSE Xinhua Index Series is available at www.ftsexinhua.com
