FTSE Group, the award winning global index provider, today announces the results of its FTSE China Index Series (previously named FTSE Xinhua Index Series) quarterly review.
In the FTSE China A 50 Index (previously named FTSE/Xinhua China A50 Index), Jiangsu Yanghe Brewery Joint-Stock (A Share, 002304) will replace Shenzhen Development Bank (A Share, 00001). Agriculture Bank of China (H Share, 1288) will also replace Datang International Power Generation (H Share, 0991) in the FTSE China 25 Index (previously named FTSE/Xinhua China 25 Index). Nearly 60% of assets under management in China ETFs listed globally are benchmarked to a FTSE China index. The indices are widely regarded as a leading measure of the China market by domestic and international investors.
Several changes were also approved to FTSE China B 35 index, FTSE China A 200, A 400 and A Small Cap Index. Full details of all inclusions and exclusions for the FTSE China Index Series can be obtained here. All the changes will be effective after the close of trading on Friday 15 October, 2010.
Subsequent reviews of the FTSE China Index Series will be conducted by the FTSE Asia Pacific Index Advisory Committee (“Committee”) on a quarterly basis, starting in March 2011. The Committee, made up of local and international market participants, ensures that the indices accurately reflect the markets they represent. This is essential as the indices are used to benchmark investment portfolios and as the basis of index-linked products. Revised index rules governing the FTSE China Index Series are available on www.ftse.com.
More information about the FTSE China Index Series is available at www.ftse.com.