NEW YORK (July 12, 2010) – Dow Jones Indexes, a leading global index provider, today announced a component change in the Dow Jones China Offshore 50 Index.
Effective with the open of trading on Tuesday, July 20, 2010, Agricultural Bank of China Ltd. (Banks; Hong Kong, 1288.HK) will replace Angang Steel Co. Ltd. (Basic Resources; Hong Kong, 0347.HK) in the Dow Jones China Offshore 50 Index.
Agricultural Bank of China Ltd. is being added to the Dow Jones China Offshore 50 Index following its IPO on the Hong Kong Stock Exchange. The company ranks among the top 25 by float-adjusted market capitalization and qualifies for the fast-entry rule.
The Dow Jones China Offshore 50 Index represents the largest stocks of companies whose primary operations are in mainland China but trade at the Hong Kong Stock Exchange and U.S. Stock Exchanges. Stocks included in the index are H shares, red chips, ADR/ADS and Chinese stocks listed in the U.S. If a stock is traded on two or more overseas exchanges, only the listing with the highest trading volume is included in the selection universe.
The index is weighted based on float-adjusted market capitalization. The weights of individual components are capped at 10% of the float-adjusted market capitalization of the index.
Further information on the Dow Jones China Offshore 50 Index is available at http://www.djindexes.com
Company additions to and deletions from the Dow Jones China Offshore 50 Index do not in any way reflect an opinion on the investment merits of the company.