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FTSE Xinhua Index Announces Index Changes

2007-01-11 19:56 5403

China Life (A) is fast track addition to FXI series

Regular Review adds China Merchant Bank (H) to FXI China 25

BEIJING, HONG KONG, Jan. 11 /Xinhua-PRNewswire/ -- FTSE Xinhua Index (FXI), the independent China index provider, will add the newly-listed China Life (A Share, 601628) to its suite of equity indices from Tuesday, 16 January 2007. FXI’s user-friendly index methodology allows newly listed large capitalisation stocks to be added to the index series immediately as fast track entrants, and China Life meets this rule.

Following China Life’s successful IPO on Shanghai Stock Exchange on 9 January, 2007, the country’s largest life insurance company, will become a member of FTSE Xinhua China A50, 200 and all other applicable indices with the total shares in issue of 20,823,530,000 and an investability weighting of 5%, 5 trading days after its debut. To balance the index, Guangdong Electric Power (A share, 000539) and Hubei Chutian Expressway (A Share, 600035) will be removed from A50 and 200 indices accordingly. For details of the changes please refer to the full technical notice at http://www.ftse.com/xinhua/english/Indices/Domestic_Investors/Index_Changes.jsp .

Separately, the FTSE Xinhua Index Committee held its regular quarterly review meeting on 9 January 2007 at which it reviewed and approved a number of constituent changes to the FTSE Xinhua Index Series, including the FTSE Xinhua China 25, A50, 200, 400 and small-cap indices. All changes will be applied from Monday, 22 January 2007.

In the FTSE/Xinhua China 25, China Merchant Bank (H share 3968) is added while Sinopec Shanghai Petrochemical (H share 0338) is deleted to rebalance. This index is used internationally as the basis of several ETFs, listed on New York, Hong Kong and London Stock Exchanges. With over USD 6.4 billion of linked assets, the index is a leading measure of the Red Chips and H share market.

Moreover, the Committee has also approved two additions and deletions to the FTSE/Xinhua China A50 Index: Shanxi Taigang Stainless Steel (A share, 000825) and Beijing North Star (A share, 601588) were added while Tianjin Port (Group) (A share, 600717) and Shandong Aluminium Industry (A share, 600205) were deleted accordingly. Used by domestic investors, and the growing QFII community as the basis of many investment products, the FTSE/Xinhua China A50 index is a leading measure of the dynamic China A share market.

There are also eleven turnovers in FTSE Xinhua China 200 index, and the inclusions include Huadian Power International (A share, 600027) and Hainan Airlines (A share, 600221), etc. For details of the changes please refer to the full technical notice at http://www.ftse.com/xinhua/english/Indices/Domestic_Investors/Index_Changes.jsp .

For more information about FTSE Xinhua Index, please refer to http://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 http://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 http://www.xinhuafinance.com .

SUMMARY OF INDEX CHANGES IN XINHUA FTSE QUARTERLY REVIEW

FTSE/Xinhua China 25 Index

Inclusion: 1

Exclusion: 1

FTSE Xinhua China B 35

Inclusion: 3

Exclusion: 3

FTSE/Xinhua China A50 Index

Inclusions: 2

Exclusions: 2

FTSE Xinhua 200 Index

Inclusions: 11

Exclusions: 11

FTSE Xinhua 400 Index

Inclusions: 33

Exclusions: 33

FTSE Xinhua Small Cap Index

Inclusions: 34

Exclusions: 12

For more information, please contact:

Beijing

Catherine Song

FTSE Xinhua Beijing office

Tel: +86-10-5864-5275

Email: catherine.song@xinhuafinance.com

Shanghai

Joy Tsang

Xinhua Finance

Tel: +852-3196-3983 / +86-21-6113-5999

Email: joy.tsang@xinhuafinance.com

Meredith Blakemore

FTSE Asia Pacific

Tel: +852-2230-5801

Email: meredith.blakemore@ftse.com

New York

Lynne Sims

FTSE Americas

Tel: +1-212-641-6168

Email: lynne.sims@ftse.com

London

Sandra Steel

FTSE Group

Tel: +44-20-7866-1821

Email: media@ftse.com

Source: Xinhua FTSE Index
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