Founder Securities Co. Ltd. and Sinohydro Group Ltd., will be among 22 stocks added to the Dow Jones China Broad Market Index following its regular index review, Dow Jones Indexes announced today.
China Fortune Land Development Co. Ltd., Jiangsu Phoenix Publishing & Media Co. Ltd. and Anhui Annada Titanium Industry Co. Ltd. will also be added to the index, with 22 additions and five deletions, the number of components in the Dow Jones China Broad Market Index will increase to 1477 (1436 A-shares and 41 B-shares) from 1460. The Dow Jones China Broad Market Index reflects approximately 95% of the free-float market capitalization for both the Shanghai and Shenzhen markets.
The number of components in the Dow Jones Shanghai Index will increase to 788 from 778, with 12 additions and two deletions, while the number of components in the Dow Jones Shenzhen Index will increase to 689 from 682 components, with 10 additions and three deletions. The Dow Jones Shanghai and Dow Jones Shenzhen indexes represent approximately 95% of the free-float market capitalization of their respective markets.
Twenty components will be replaced in the Dow Jones CBN China 600 Index, which reflects roughly 80% of China’s free-float market capitalization. Shandong Denghai Seeds Co. Ltd., Hubei Shuanghuan Science and Technology Stock Co. Ltd. and Sichuan Meifeng Chemical Industry Co. Ltd. will also be added to the index.
Dow Jones Indexes also completed the regular semiannual review for the Dow Jones CBN China 600 Sector Blue-Chip Indexes, which were launched on September 8, 2005 as subsets of the Dow Jones CBN China 600 Index.
The changes were made following a regular index review and will be effective after the close of trading on Friday, December 16, 2011.
The Dow Jones China Indexes are designed to provide investors globally with accurate tools for measuring equity performance in China. Float-adjusted shares are used for stock selection and index calculation, in order to accurately reflect shares available to the public. Block holdings of individuals, other companies or governments that exceed 5% of total market value are excluded.
Further information about the Dow Jones China Indexes is available at http://www.djindexes.com/chinese.
Company additions to and deletions from the Dow Jones China Indexes do not in any way reflect an opinion on the investment merits of the company.