BEIJING, April 27 /Xinhua-PRNewswire/ -- FTSE Xinhua Index (FXI), the leading China index provider, today announced the inclusion of China CITIC Bank within the FTSE Xinhua Index Series, following its IPO on both Hong Kong and Shanghai stock exchanges.
(Logo: http://www.prnasia.com/sa/200702051852-min.JPG )
Applying the fast-track entry rules, the company will become a constituent of the FTSE Xinhua Hong Kong Index on April 30, 2007 and its A share will be included within FTSE/Xinhua China A50 Index, and 200, 400, 600, and All Share indices, as well as the FTSE Xinhua Insurance Investment Index as of May 11, 2007. For further details regarding rebalancing, please refer to the technical notice http://www.ftse.com/xinhua/Indices/International_Investors/Index_Changes.jsp .
China CITIC Bank is the seventh biggest commercial bank in China and the second Chinese corporation with dual initial public offering of stock in both Hong Kong and Shanghai markets.
The fast-track entry rules are of real benefit to investors as it ensures that the index remains an up-to-date and accurate reflection of the market it measures, and it allows investors to use the index as a tracking and analysis tool with confidence and precision.
FTSE Xinhua 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 year-end 2006, the total assets tracking and benchmarking the index series exceeded USD 41 billion worldwide. More information about the FTSE Xinhua Index Series is available at www.ftsexinhua.com
Notes to Editors
About FTSE Xinhua Index
Established in late 2000, FTSE Xinhua Index (FXI), a joint venture between Xinhua Finance Limited and FTSE, came into being to facilitate the creation of real-time indices for the Chinese market. The indices can be used as a basis for the trading of derivatives, index-tracking funds, Exchange Traded Funds and as performance benchmarks. The combination of FTSE's expertise in international indexing with Xinhua Finance's strong presence and capabilities in China creates a level of expertise in the Chinese market that is unprecedented. Providing the combined coverage for the Shanghai and Shenzhen exchanges, all of the FTSE/Xinhua indices are designed according to internationally proven index methodology to ensure products are transparent, clear and consistent. For daily data and further information, please visit www.ftsexinhua.com .
About FTSE Group
FTSE Group is a world-leader in the creation and management of indexes. With offices in Beijing, London, Frankfurt, Hong Kong, Madrid, Paris, New York, San Francisco, Boston, Shanghai and Tokyo, FTSE Group services clients in 77 countries worldwide. It calculates and manages the FTSE Global Equity Index Series, which includes world-recognized indexes ranging from the FTSE All-World Index, the FTSE4Good series and the FTSEurofirst Index series, as well as domestic indexes such as the prestigious FTSE 100. The company has collaborative arrangements with the Athens, AMEX, Cyprus, Euronext, Johannesburg London, Madrid, NASDAQ Thailand and Taiwan exchanges, as well as Nomura Securities, Hang Seng and Xinhua Finance of China. FTSE also has a collaborative agreement with Dow Jones Indexes to develop a single sector classification system for global investors.
FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review all changes to the indexes to ensure that they are made objectively and without bias. Real-time FTSE indexes are calculated on systems managed by Reuters. Prices and FX rates used are supplied by Reuters.
About Xinhua Finance Limited
Xinhua Finance Limited is China's unchallenged leader in financial information and media, and is listed on the Mothers board of the Tokyo Stock Exchange (symbol: 9399) (OTC ADRs: XHFNY). Bridging China's financial markets and the world, Xinhua Finance serves financial institutions, corporations and re-distributors through four focused and complementary service lines: Indices, Ratings, Financial News and Investor Relations. Founded in November 1999, the Company is headquartered in Shanghai with 20 news bureaus and offices in 19 locations across Asia, Australia, North America and Europe. For more information, please visit www.xinhuafinance.com.
More information:
Beijing
Jean LI, FTSE Xinhua Beijing office
Tel: +86-10-5864-5276
Email: jean.li@xinhuaftse.com
Shanghai/Hong Kong
Joy Tsang
Xinhua Finance
Tel: +86-21-6113-5999
Email: joy.tsang@xinhuafinance.com
Hong Kong
Meredith Blakemore, FTSE HK
Tel: +852-2230-5801
Email: meredith.blakemore@ftse.com
