BEIJING, Oct. 11 /Xinhua-PRNewswire/ -- FTSE Xinhua Index (FXI), the independent China index company, announced today that it would incorporate China Shenhua Energy (A Share: 601088), in its suite of A share indices, following its IPO on Shanghai Stock Exchange on 9th October. The inclusion will take effect when China markets open on October 22, 2007. China Shenhua Energy is the largest coal miner in China.
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Applying the fast-track entry rules, the company will become a constituent of the FTSE/Xinhua China A50 Index, and Shenergy (A Share: 600642) will be excluded with the rebalance of the index. Shenhua will also enter FTSE Xinhua 200, 400, 600, and All Share indices, as well as the FTSE Xinhua Insurance Investment Index. For further details regarding rebalancing, please refer to the technical notice http://www.ftse.com/xinhua/Indices/International_Investors/Index_Changes.jsp .
The stock is added as a fast entry to the index (i.e., it does not need to wait until the regular quarterly review) as FXI Ground Rules allow for sufficiently large stocks to be added after listing. This rule is in place to ensure that the index remains an up to date and accurate reflection of the market it measures, and allows investors to use the index as a tracking and analysis tool with confidence and precision.
More information about the FTSE Xinhua Index Series is available at 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 premier financial information and media service provider and is listed on the Mothers Board of the Tokyo Stock Exchange (TSE: 9399) (OTC ADRs: XHFNY). Bridging China’s financial markets and the world, Xinhua Finance’s proprietary content platform, comprising Indices, Ratings, Financial News, and Investor Relations, serves financial institutions, corporations and re-distributors worldwide. Through its subsidiary Xinhua Finance Media Limited (Nasdaq: XFML), Xinhua Finance leverages its content across multiple distribution channels in China including television, radio, newspaper, magazine and outdoor media. Founded in November 1999, Xinhua Finance is headquartered in Shanghai, with offices and news bureaus spanning 11 countries worldwide.
For more information, please visit http://www.xinhuafinance.com .
More information:
Beijing
Jean LI, FTSE Xinhua Beijing office
Tel: +8610-5864-5276
Email: jean.li@ftsexinhua.com
Shanghai/Hong Kong
Joy Tsang, Xinhua Finance
Tel: +8621-6113-5999
Email: joy.tsang@xinhuafinance.com
Hong Kong
Meredith Blakemore, FTSE HK,
Tel: +852-2230-5801
Email: meredith.blakemore@ftse.com
