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Component Changes Made to Dow Jones China Indexes; Changes Are a Result of a Regular Index Review

Posted on: Monday, 17 September 2007, 18:00 CDT

NEW YORK, Sept. 17, 2007 (PRIME NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced changes in the composition of the Dow Jones China Index Series (Dow-China Indexes). Component changes in the Dow Jones China 88 (Dow-China 88), Dow Jones China Offshore 50 Index, Dow Jones China Total Market (Dow-China Total Market), Dow Jones Shanghai (Dow-Shanghai), Dow Jones Shenzhen (Dow-Shenzhen) and Dow Jones CBN China 600 indexes will be effective on September 24, 2007.

The following 12 companies will be added to the Dow-China 88 which tracks the largest and most liquid 88 stocks in China's Class-A market and reflects roughly 43.27% of the float adjusted market capitalization of both the Shanghai and Shenzhen markets: Bank of Communications Co., Ltd. (Banks, 3328.HK; 601328.SH), China CITIC Bank Corporation Limited (Banks, 601998.SH), China COSCO Holdings Company Limited (Industrial Goods & Services, 1919.HK; 601919.SH), Hong Yuan Securities Co., Ltd. (Financial Services, 000562.SZ), Jilin Aodong Medicine Industry Group Co., Ltd. (Health Care, 000623.SZ), Jilin Yatai (Group) Co., Ltd. (Construction & Materials, 600881.SH), Liaoning Cheng Da Co., Ltd. (Retail, 600739.SH), Sany Heavy Industry Co., Ltd. (Industrial Goods & Services, 600031.SH), Suning Appliance Co., Ltd. (Retail, 002024.SZ), Tianjin Teda Co., Ltd. (Industrial Goods & Services, 000652.SZ), Western Mining Co., Ltd. (Basic Resources, 601168.SH) and Yunnan Chihong Zinc & Germanium Co., Ltd. (Basic Resources, 600497.SH).

The companies exiting the index are: Anhui Jianghuai Automobile Co., Ltd. (Automobiles & Parts, 600418.SH), COSCO Shipping Co., Ltd. (Industrial Goods & Services, 600428.SH), Fuyao Group Glass Industries Co., Ltd. (Automobiles & Parts, 600660.SH), Guangzhou Baiyun International Airport Co., Ltd. (Industrial Goods & Services, 600004.SH), Long March Launch Vehicle Technology Co., Ltd. (Industrial Goods & Services, 600879.SH), Minmetals Development Co., Ltd. (Industrial Goods & Services, 600058.SH), Searainbow Holding Corp. (Retail, 000503.SZ), Shenzhen Airport Co., Ltd. (Industrial Goods & Services, 000089.SZ), Shenzhen Yan Tian Port Holdings Co., Ltd. (Industrial Goods & Services, 000088.SZ), Sinochem International Corporation (Chemicals, 600500.SH), TBEA Co., Ltd. (Industrial Goods & Services, 600089.SH) and Yanzhou Coal Mining Co., Ltd. (Basic Resources, 1171.HK; 600188.SH; YZC).

The number of Shanghai-listed stocks in the Dow-China 88 will be decreased to 61 from 62 components, while the number of Shenzhen-listed stocks will be increased to 27 from 26 components. Shanghai-listed stocks represent 75.29% of the free-float market capitalization of the Dow-China 88, compared to 24.71% for Shenzhen-listed companies.

Six components will be replaced in the Dow Jones China Offshore 50 Index, which represents the largest stocks of companies whose primary operations are in mainland China but that trade on exchanges in Hong Kong and the U.S. The companies that will be added to the index are: Anhui Conch Cement Company Limited (Construction & Materials, 0914.HK; 600585.SH), Baidu.com Inc. (Technology, BIDU), Beijing Capital International Airport Company Limited (Industrial Goods & Services, 0694.HK), China Coal Energy Co. Ltd. (Basic Resources, 1898.HK), China Communications Construction Co. Ltd. (Construction & Materials, 1800.HK) and China Resources Land Limited (Financial Services, 1109.HK).

The companies exiting the index are: CITIC International Financial Holdings Ltd. (Banks, 0183.HK), CNPC (Hong Kong) Limited (Oil & Gas, 0135.HK), Country Garden Holdings Co., Ltd. (Financial Services, 2007.HK), Jiangsu Expressway Co. Ltd. (Industrial Goods & Services, 0177.HK; 600377.SH), Netease.com Inc. (Technology, NEH.XE; NTES) and Shanghai Electric Group Co. Ltd. (Industrial Goods & Services, 2727.HK).

With 23 additions and 29 deletions, the number of components in the Dow-China Total Market Index will decrease to 1148 from 1154 with 1088 A-shares and 60 B-shares. The Dow-China Total Market Index reflects approximately 95% percent of the free-float market capitalization for both the Shanghai and Shenzhen markets.

The number of components in the Dow-Shanghai Index will decrease to 704 from 714, with 9 additions and 19 deletions, while the number of components in the Dow-Shenzhen Index will increase to 444 from 440 components, with 14 additions and 10 deletions. The Dow-Shanghai and Dow-Shenzhen indexes represent approximately 95% of the free-float market capitalization of their respective markets.

34 components will be replaced in the Dow Jones CBN China 600 Index, which reflects roughly 80% of China's free-float market capitalization.

All changes above are being announced today after the conclusion of a regular periodical review.

While the Dow Jones CBN China 600 Sector Blue-Chip indexes are typically only reviewed semiannually in June and December, two changes are being announced this quarter due to markets circumstances.

As a result of the deletion from the Dow Jones CBN China 600 Index, Hangzhou Silan Microelectronics Co., Ltd. (Technology, 600460.SH) will also exit the Dow Jones CBN China 600 Technology Blue-Chip Index, which is a subset of the Dow Jones CBN China 600 Index. In the Dow Jones CBN China 600 Technology Blue-Chip Index, it will be replaced by China Spacesat Co., Ltd. (Technology, 600118.SH).

Effective on September 24, the number of components in the Dow Jones CBN China 600 Oil & Gas Blue-Chip index will be reduced to 5 from 10 components. The index will include the 5 biggest companies of the Chinese Oil & Gas sector that are components in the index universe, which is the Dow Jones CBN China 600 Index: China Petroleum & Chemical Corp. (Oil & Gas, 600028.SH; 0386.HK; SNP), Kingdream Public Limited Company (Oil & Gas, 000852.SZ), Offshore Oil Engineering Co., Ltd. (Oil & Gas, 600583.SH), SINOPEC Shandong Taishan Petroleum Co., Ltd. (Oil & Gas, 000554.SZ) and Yueyang Xingchang Petr-Chemical Co., Ltd. (Oil & Gas, 000819.SZ).

Dow Jones CBN China 600 Sector Blue-Chip Indexes were launched on September 8, 2005 as subsets of the Dow Jones CBN China 600 Index.

The methodology, as well as a full list of components, weightings and values of the Dow Jones China Indexes are available at http://www.djchinaindexes.com

The Dow-China Indexes are designed to provide investors globally with accurate tools for measuring equity performance in China. Float-adjusted shares, which exclude all state-owned and unlisted employee 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 also excluded.

The Dow-China 88, Dow-Shanghai and Dow-Shenzhen indexes were launched on May 27, 1996 to commemorate the 100th anniversary of the Dow Jones Industrial Average, the world's most widely quoted stock market indicator.

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.

Journalists may e-mail questions regarding this press release to: PR-Indexes@dowjones.com or contact Dow Jones Indexes/STOXX press office:

New York: +1-212-597-5720 Frankfurt: +49-69-29-725-290

Note to Editors:

About Dow Jones Indexes

A full-service index provider, Dow Jones Indexes develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best known for the Dow Jones Industrial Average, Dow Jones Indexes also is co-owner of the Dow Jones STOXX indexes, the world's leading pan-European indexes, and together with Wilshire Associates, provides the Dow Jones Wilshire Global Index family, which is anchored by the Dow Jones Wilshire 5000 and covers more than 12,000 securities in 59 markets. Beyond equity indexes, Dow Jones Indexes maintains a number of alternative indexes, including measures of the hedge fund and commodity markets. Dow Jones indexes are maintained according to clear, unbiased and systematic methodologies that are fully integrated within index families. www.djindexes.com

Dow Jones & Company (NYSE:DJ) (dowjones.com) is a leading provider of global business news and information services. Its Consumer Media Group publishes The Wall Street Journal, Barron's, MarketWatch.com, eFinancialNews and the Far Eastern Economic Review. Its Enterprise Media Group includes Dow Jones Newswires, Factiva, Dow Jones Client Solutions, Dow Jones Indexes and Dow Jones Financial Information Services. Its Local Media Group operates community-based information franchises. Dow Jones owns 50% of SmartMoney and 33% of STOXX Ltd. and provides news content to CNBC and radio stations in the U.S.

The Dow Jones Indexes logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=1289

This news release was distributed by PrimeNewswire, www.primenewswire.com

CONTACT: Dow Jones Indexes New York: +1-212-597-5720 Frankfurt: + 49-69-29-725-290

Source: PrimeNewswire

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